Oportun Financial (NASDAQ:OPRT) Stock Moved Up to “Strong-Buy” by Wall Street Zen

Wall Street Zen upgraded shares of Oportun Financial (NASDAQ:OPRT) from a buy rating to a strong-buy rating in a report released on Saturday,Wall Street Zen reports.

OPRT has been the subject of a number of other reports. Weiss Ratings upgraded shares of Oportun Financial from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Jefferies Financial Group increased their target price on Oportun Financial from $6.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, October 7th. Finally, Stephens increased their target price on Oportun Financial from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7.75.

Oportun Financial Price Performance

OPRT opened at $9.19 on Friday. The stock has a 50-day moving average price of $8.16 and a 200-day moving average price of $6.54. The firm has a market cap of $422.65 million, a PE ratio of 22.98 and a beta of 1.25. Oportun Financial has a 1 year low of $4.03 and a 1 year high of $9.45.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The company had revenue of $233.23 million for the quarter, compared to analysts’ expectations of $230.68 million. Oportun Financial had a net margin of 2.05% and a return on equity of 13.41%. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. As a group, sell-side analysts anticipate that Oportun Financial will post 1.28 EPS for the current year.

Insider Activity

In related news, insider Kathleen Layton sold 4,223 shares of Oportun Financial stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $7.80, for a total transaction of $32,939.40. Following the transaction, the insider directly owned 292,006 shares in the company, valued at approximately $2,277,646.80. The trade was a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 7,082 shares of company stock worth $55,240. Insiders own 1.60% of the company’s stock.

Institutional Trading of Oportun Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of OPRT. Pinnacle Holdings LLC bought a new stake in shares of Oportun Financial during the 2nd quarter valued at $33,000. Abel Hall LLC bought a new position in shares of Oportun Financial in the first quarter worth about $57,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Oportun Financial during the second quarter worth about $66,000. Canada Pension Plan Investment Board purchased a new stake in shares of Oportun Financial during the second quarter worth about $74,000. Finally, State of Wyoming purchased a new stake in shares of Oportun Financial during the second quarter worth about $76,000. Hedge funds and other institutional investors own 82.70% of the company’s stock.

About Oportun Financial

Oportun Financial Corp. is a financial technology company that provides credit products and related financial services to consumers in the United States, with a particular focus on serving Hispanic and other traditionally underserved communities. The company uses data-driven underwriting and digital tools to offer customers access to credit, including borrowers who may have limited credit histories.

Oportun’s primary products have included unsecured personal loans and credit cards. Through its digital platform and customer service channels, the company has also provided tools intended to help consumers manage borrowing, make payments and build or strengthen their credit profiles.

Founded in 2005 as Progreso Financiero, the company adopted the Oportun name in 2015 and became a publicly traded company in 2019.