Keefe, Bruyette & Woods cut shares of Oportun Financial (NASDAQ:OPRT – Get Rating) from an outperform rating to a market perform rating in a research note published on Tuesday morning, Marketbeat.com reports. The brokerage currently has $4.00 price target on the stock, down from their prior price target of $9.00.
Separately, Barclays downgraded shares of Oportun Financial from an overweight rating to an equal weight rating and dropped their target price for the company from $7.00 to $6.00 in a research report on Friday, January 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Oportun Financial currently has a consensus rating of Moderate Buy and an average price target of $8.70.
Get Oportun Financial alerts:Oportun Financial Stock Up 28.2 %
Oportun Financial stock opened at $3.64 on Tuesday. Oportun Financial has a 12-month low of $2.19 and a 12-month high of $14.91. The firm's fifty day moving average is $6.02 and its 200 day moving average is $5.49. The company has a market capitalization of $120.81 million, a PE ratio of -1.54 and a beta of 1.73.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Oportun Financial by 1,558.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,233 shares of the company's stock worth $32,000 after buying an additional 6,797 shares during the last quarter. Dupont Capital Management Corp acquired a new position in Oportun Financial during the third quarter worth $174,000. Park West Asset Management LLC acquired a new position in Oportun Financial during the third quarter worth $2,811,000. Union Square Park Capital Management LLC acquired a new position in Oportun Financial during the third quarter worth $224,000. Finally, Alphabet Inc. acquired a new position in Oportun Financial during the third quarter worth $414,000. Institutional investors and hedge funds own 66.74% of the company's stock.
About Oportun Financial
(Get Rating)
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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