JMP Securities Sticks to Its Hold Rating for Oportun Financial (OPRT)

In a report released today, David Scharf from JMP Securities maintained a Hold rating on Oportun Financial (OPRT – Research Report). The company’s shares closed last Friday at $4.42.

Scharf covers the Financial sector, focusing on stocks such as Bread Financial Holdings, Encore Capital, and Atlanticus Holdings. According to TipRanks, Scharf has an average return of 8.9% and a 49.85% success rate on recommended stocks.

Currently, the analyst consensus on Oportun Financial is a Hold with an average price target of $5.17.

Based on Oportun Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $79.17 million and a GAAP net loss of $26.44 million. In comparison, last year the company earned a revenue of $4.81 million and had a GAAP net loss of $102.09 million

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Oportun Financial (OPRT) Company Description:

Oportun Financial Corp. is a holding company, which engages in the provision of financial services for customers with credit invisibles. The firm offers small dollar, unsecured installment loans through its proprietary lending platform. The company was founded in August 2005 and is headquartered in San Carlos, CA.