Inspire Investing LLC Buys New Shares in Oportun Financial Corporation $OPRT

Inspire Investing LLC acquired a new position in Oportun Financial Corporation (NASDAQ:OPRT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 150,441 shares of the company’s stock, valued at approximately $928,000. Inspire Investing LLC owned 0.34% of Oportun Financial as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Cannell Capital LLC increased its holdings in Oportun Financial by 7,067.0% in the 2nd quarter. Cannell Capital LLC now owns 1,601,244 shares of the company’s stock worth $11,465,000 after acquiring an additional 1,578,902 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Oportun Financial by 131.6% in the second quarter. Geode Capital Management LLC now owns 776,844 shares of the company’s stock worth $5,563,000 after purchasing an additional 441,392 shares in the last quarter. Millennium Management LLC raised its position in shares of Oportun Financial by 28.9% during the 1st quarter. Millennium Management LLC now owns 1,936,797 shares of the company’s stock valued at $10,633,000 after purchasing an additional 433,827 shares during the period. CenterBook Partners LP bought a new position in shares of Oportun Financial during the 2nd quarter valued at approximately $2,950,000. Finally, Invesco Ltd. increased its holdings in shares of Oportun Financial by 246.5% in the 2nd quarter. Invesco Ltd. now owns 484,492 shares of the company’s stock worth $3,469,000 after buying an additional 344,659 shares during the last quarter. 82.70% of the stock is currently owned by institutional investors.

Oportun Financial Stock Down 0.7%

Shares of OPRT stock opened at $5.37 on Friday. The firm has a 50 day moving average of $5.21 and a two-hundred day moving average of $6.00. The stock has a market capitalization of $236.98 million, a PE ratio of 8.14 and a beta of 1.24. Oportun Financial Corporation has a 52 week low of $3.45 and a 52 week high of $9.24.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.13. The company had revenue of $238.69 million during the quarter, compared to the consensus estimate of $238.52 million. Oportun Financial had a net margin of 3.19% and a return on equity of 17.61%. Analysts expect that Oportun Financial Corporation will post 0.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on OPRT. Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a report on Monday. Zacks Research cut Oportun Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. dropped their price target on shares of Oportun Financial from $6.00 to $5.50 and set an “underweight” rating on the stock in a research report on Thursday, December 4th. Finally, Wall Street Zen raised shares of Oportun Financial from a “buy” rating to a “strong-buy” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.50.

Oportun Financial Profile

Oportun Financial Corporation (NASDAQ: OPRT) is a financial technology company that provides consumer lending products aimed at serving the underbanked and credit-invisible population in the United States. Headquartered in Redwood City, California, Oportun operates a digital platform that enables borrowers to access credit through unsecured personal installment loans, secured credit-builder loans and a proprietary mobile wallet. The company leverages machine learning and alternative data sources to assess creditworthiness, extending financial services to customers with limited or no traditional credit history.

The company’s core offerings include fixed-term installment loans designed to help individuals cover unexpected expenses, consolidate debt or build credit.