Oportun Financial (NASDAQ:OPRT) Receives Market Perform Rating from JMP Securities

JMP Securities reiterated their market perform rating on shares of Oportun Financial (NASDAQ:OPRT) in a research note published on Friday morning,Benzinga reports.

Oportun Financial Price Performance

Shares of OPRT opened at $7.57 on Friday. Oportun Financial has a fifty-two week low of $2.05 and a fifty-two week high of $7.75. The company’s 50-day moving average is $4.20 and its 200-day moving average is $3.38.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.32. Oportun Financial had a negative net margin of 12.75% and a negative return on equity of 6.59%. As a group, equities research analysts anticipate that Oportun Financial will post -0.08 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director R Neil Williams acquired 25,000 shares of Oportun Financial stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of $3.87 per share, for a total transaction of $96,750.00. Following the completion of the purchase, the director now directly owns 140,338 shares of the company’s stock, valued at approximately $543,108.06. This represents a 21.68 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mohit Daswani acquired 7,420 shares of Oportun Financial stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $3.90 per share, for a total transaction of $28,938.00. Following the completion of the purchase, the director now directly owns 41,924 shares of the company’s stock, valued at approximately $163,503.60. This represents a 21.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 41,264 shares of company stock valued at $159,826. 9.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oportun Financial

A number of large investors have recently bought and sold shares of the company. Acuitas Investments LLC grew its stake in Oportun Financial by 11.9% during the fourth quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company’s stock worth $4,463,000 after buying an additional 122,360 shares in the last quarter. RBF Capital LLC grew its stake in Oportun Financial by 82.9% during the third quarter. RBF Capital LLC now owns 978,079 shares of the company’s stock worth $2,748,000 after buying an additional 443,177 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Oportun Financial by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 568,311 shares of the company’s stock valued at $2,205,000 after purchasing an additional 24,984 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Oportun Financial by 22.5% in the 4th quarter. Renaissance Technologies LLC now owns 424,600 shares of the company’s stock valued at $1,647,000 after purchasing an additional 77,907 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its stake in shares of Oportun Financial by 8.4% in the 4th quarter. Kennedy Capital Management LLC now owns 374,863 shares of the company’s stock valued at $1,454,000 after purchasing an additional 29,096 shares in the last quarter. 82.70% of the stock is currently owned by institutional investors and hedge funds.

About Oportun Financial

Oportun Financial Corporation provides financial services. The company offers personal loans and credit cards. It serves customers through online and over the phone, as well as through retail and Lending as a Service partner locations. The company was founded in 2005 and is headquartered in San Carlos, California.