Keefe, Bruyette & Woods downgraded shares of Oportun Financial (NASDAQ:OPRT – Get Rating) from an outperform rating to a market perform rating in a research report sent to investors on Tuesday, MarketBeat Ratings reports. They currently have $4.00 price objective on the stock, down from their previous price objective of $9.00.
Separately, Barclays downgraded shares of Oportun Financial from an overweight rating to an equal weight rating and reduced their target price for the stock from $7.00 to $6.00 in a report on Friday, January 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Oportun Financial currently has an average rating of Moderate Buy and an average price target of $8.70.
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Shares of OPRT stock opened at $3.64 on Tuesday. The company has a market capitalization of $120.81 million, a price-to-earnings ratio of -1.54 and a beta of 1.73. The company has a 50-day simple moving average of $6.02 and a 200 day simple moving average of $5.49. Oportun Financial has a 52 week low of $2.19 and a 52 week high of $14.91.
Institutional Trading of Oportun Financial
Several hedge funds and other institutional investors have recently bought and sold shares of OPRT. Versant Capital Management Inc raised its stake in 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 raised its position in shares of Oportun Financial by 1,558.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,233 shares of the company's stock valued at $32,000 after buying an additional 6,797 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Oportun Financial by 36.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,519 shares of the company's stock valued at $38,000 after buying an additional 2,291 shares in the last quarter. Denali Advisors LLC raised its position in shares of Oportun Financial by 187.9% in the 3rd quarter. Denali Advisors LLC now owns 9,500 shares of the company's stock valued at $42,000 after buying an additional 6,200 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in shares of Oportun Financial by 113.3% in the 1st quarter. Quantbot Technologies LP now owns 3,200 shares of the company's stock valued at $45,000 after buying an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 66.74% of the company's stock.
About Oportun Financial
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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.
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