Oportun Financial (NASDAQ:OPRT) Issues FY 2022 Earnings Guidance

Oportun Financial (NASDAQ:OPRTGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of $1.19-$1.34 for the period, compared to the consensus EPS estimate of $2.49. The company issued revenue guidance of $930.00 million-$940.00 million, compared to the consensus revenue estimate of $926.33 million. Oportun Financial also updated its Q3 2022 guidance to -$0.12–$0.06 EPS.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Oportun Financial from $21.00 to $14.00 in a research report on Monday, July 11th. Barclays cut their price objective on shares of Oportun Financial to $12.00 in a research report on Monday. JMP Securities cut their price objective on shares of Oportun Financial from $26.00 to $17.00 and set a market outperform rating on the stock in a research report on Friday, July 15th. Finally, BTIG Research cut their price objective on shares of Oportun Financial to $21.00 in a research report on Monday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of $18.50.

Oportun Financial Trading Down 1.4 %

NASDAQ:OPRT opened at $7.59 on Tuesday. The company has a market cap of $249.94 million, a PE ratio of 3.30 and a beta of 1.49. Oportun Financial has a twelve month low of $6.27 and a twelve month high of $27.95. The company’s 50 day moving average is $9.16 and its two-hundred day moving average is $12.17.

Oportun Financial (NASDAQ:OPRTGet Rating) last released its earnings results on Monday, August 8th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $226.00 million for the quarter, compared to the consensus estimate of $214.60 million. Oportun Financial had a net margin of 9.29% and a return on equity of 14.58%. Oportun Financial’s revenue was up 63.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. As a group, analysts expect that Oportun Financial will post 0.61 EPS for the current fiscal year.

Insider Activity

In other news, Director Aida Alvarez sold 18,181 shares of the company’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $11.46, for a total value of $208,354.26. Following the sale, the director now directly owns 18,874 shares of the company’s stock, valued at approximately $216,296.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.50% of the company’s stock.

Institutional Trading of Oportun Financial

Several large investors have recently made changes to their positions in OPRT. Rhumbline Advisers lifted its stake in shares of Oportun Financial by 7.3% in the 1st quarter. Rhumbline Advisers now owns 26,087 shares of the company’s stock valued at $375,000 after purchasing an additional 1,784 shares during the period. Zebra Capital Management LLC acquired a new position in shares of Oportun Financial in the 1st quarter valued at $321,000. PDT Partners LLC lifted its stake in shares of Oportun Financial by 7.3% in the 1st quarter. PDT Partners LLC now owns 19,794 shares of the company’s stock valued at $284,000 after purchasing an additional 1,346 shares during the period. Bank of Montreal Can acquired a new position in shares of Oportun Financial in the 2nd quarter valued at $253,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Oportun Financial in the 1st quarter valued at $188,000. 70.58% of the stock is owned by hedge funds and other institutional investors.

About Oportun Financial

(Get Rating)

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.

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