Oportun Financial (NASDAQ:OPRT) Stock Price Down 3.3%

Oportun Financial Co. (NASDAQ:OPRT – Get Rating)’s stock price fell 3.3% during mid-day trading on Wednesday . The company traded as low as $5.38 and last traded at $5.56. 126,570 shares changed hands during trading, a decline of 67% from the average session volume of 386,027 shares. The stock had previously closed at $5.75.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OPRT. JMP Securities reduced their price target on Oportun Financial from $11.00 to $6.00 and set a “market outperform” rating on the stock in a report on Tuesday, March 14th. Barclays cut their price objective on Oportun Financial from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 13th. Keefe, Bruyette & Woods cut Oportun Financial from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $9.00 to $4.00 in a research report on Tuesday, March 14th. Finally, JPMorgan Chase & Co. cut their price objective on Oportun Financial from $6.00 to $5.00 and set an “overweight” rating on the stock in a research report on Monday, April 17th.

Oportun Financial Stock Performance

The business has a 50-day moving average price of $4.22 and a 200 day moving average price of $5.29. The stock has a market capitalization of $187.41 million, a P/E ratio of -0.82 and a beta of 1.65.

Oportun Financial (NASDAQ:OPRT – Get Rating) last issued its quarterly earnings results on Monday, March 13th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Oportun Financial had a negative return on equity of 16.66% and a negative net margin of 22.61%. The company had revenue of $261.90 million during the quarter, compared to the consensus estimate of $259.68 million. As a group, research analysts forecast that Oportun Financial Co. will post -2.5 earnings per share for the current fiscal year.

Insider Activity at Oportun Financial

In other Oportun Financial news, CFO Jonathan Aaron Coblentz acquired 40,000 shares of the stock in a transaction that occurred on Monday, March 20th. The shares were acquired at an average cost of $3.62 per share, with a total value of $144,800.00. Following the transaction, the chief financial officer now owns 195,939 shares of the company’s stock, valued at approximately $709,299.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.50% of the stock is currently owned by insiders.

Institutional Trading of Oportun Financial

Several large investors have recently added to or reduced their stakes in OPRT. Versant Capital Management Inc increased its stake in shares of Oportun Financial by 79.0% in the 3rd quarter. Versant Capital Management Inc now owns 7,108 shares of the company’s stock worth $31,000 after purchasing an additional 3,137 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Oportun Financial by 1,558.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,233 shares of the company’s stock valued at $32,000 after purchasing an additional 6,797 shares during the period. Tower Research Capital LLC TRC increased its position in Oportun Financial by 36.8% in the third quarter. Tower Research Capital LLC TRC now owns 8,519 shares of the company’s stock worth $38,000 after buying an additional 2,291 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Oportun Financial by 113.3% in the first quarter. Quantbot Technologies LP now owns 3,200 shares of the company’s stock worth $45,000 after buying an additional 1,700 shares during the period. Finally, UBS Group AG lifted its position in shares of Oportun Financial by 2,674.6% during the 4th quarter. UBS Group AG now owns 9,489 shares of the company’s stock valued at $52,000 after buying an additional 9,147 shares in the last quarter. 66.74% of the stock is currently owned by institutional investors.

Oportun Financial Company Profile

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Oportun Financial Corporation provides financial services. It offers personal loans, auto loans, and credit cards. The company serves customers online and over-the-phone, as well as through retail locations. It operates in 24 states in the United States, which include Arkansas, Delaware, Indiana, Kentucky, Mississippi, Montana, North Dakota, New Hampshire, Oregon, South Carolina, South Dakota, and Virginia.