JMP Securities Reaffirms “Market Perform” Rating for Oportun Financial (NASDAQ:OPRT)

Oportun Financial (NASDAQ:OPRT)‘s stock had its “market perform” rating reiterated by equities research analysts at JMP Securities in a research report issued on Friday,Benzinga reports.

Oportun Financial Stock Up 18.3 %

Shares of OPRT stock opened at $7.57 on Friday. The company has a 50 day moving average price of $4.27 and a 200-day moving average price of $3.41. Oportun Financial has a 52 week low of $2.05 and a 52 week high of $7.75. The firm has a market capitalization of $272.37 million, a PE ratio of -2.29 and a beta of 1.16.

Oportun Financial (NASDAQ:OPRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.44 earnings per share for the quarter, beating 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%. Analysts anticipate that Oportun Financial will post -0.08 earnings per share for the current year.

Insider Activity

In related news, Director R Neil Williams bought 25,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $3.87 per share, for a total transaction of $96,750.00. Following the completion of the transaction, the director now owns 140,338 shares of the company’s stock, valued at approximately $543,108.06. This trade represents a 21.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Raul Vazquez purchased 8,844 shares of Oportun Financial stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of $3.86 per share, with a total value of $34,137.84. Following the transaction, the chief executive officer now owns 1,257,328 shares of the company’s stock, valued at approximately $4,853,286.08. This represents a 0.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 41,264 shares of company stock valued at $159,826 in the last quarter. 9.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Acuitas Investments LLC lifted its holdings in Oportun Financial by 11.9% during the fourth quarter. Acuitas Investments LLC now owns 1,150,204 shares of the company’s stock valued at $4,463,000 after purchasing an additional 122,360 shares in the last quarter. RBF Capital LLC raised its position in shares of Oportun Financial by 82.9% during the 3rd quarter. RBF Capital LLC now owns 978,079 shares of the company’s stock valued at $2,748,000 after purchasing an additional 443,177 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Oportun Financial by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 568,311 shares of the company’s stock valued at $2,205,000 after buying an additional 24,984 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Oportun Financial by 22.5% in the 4th quarter. Renaissance Technologies LLC now owns 424,600 shares of the company’s stock worth $1,647,000 after buying an additional 77,907 shares during the period. Finally, Kennedy Capital Management LLC increased its stake in Oportun Financial by 8.4% in the 4th quarter. Kennedy Capital Management LLC now owns 374,863 shares of the company’s stock worth $1,454,000 after buying an additional 29,096 shares in the last quarter. 82.70% of the stock is currently owned by institutional investors.

Oportun Financial Company Profile

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.