Oportun Financial’s (OPRT) Market Perform Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market perform rating on shares of Oportun Financial (NASDAQ:OPRT) in a research note issued to investors on Friday,Benzinga reports.

Oportun Financial Trading Up 18.3 %

NASDAQ:OPRT opened at $7.57 on Friday. The firm’s 50 day simple moving average is $4.20 and its 200 day simple moving average is $3.38. Oportun Financial has a one year low of $2.05 and a one year high of $7.75.

Oportun Financial (NASDAQ:OPRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.44 EPS for the quarter, topping the consensus estimate 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, sell-side analysts expect that Oportun Financial will post -0.08 EPS for the current fiscal year.

Insider Activity

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

Institutional Trading of Oportun Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Telos Capital Management Inc. bought a new stake in Oportun Financial during the 4th quarter valued at $52,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Oportun Financial during the 3rd quarter valued at $52,000. Barclays PLC increased its stake in Oportun Financial by 26.5% during the 4th quarter. Barclays PLC now owns 24,447 shares of the company’s stock valued at $96,000 after purchasing an additional 5,114 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Oportun Financial during the 4th quarter valued at $148,000. Finally, Flaharty Asset Management LLC increased its stake in Oportun Financial by 11.1% during the 4th quarter. Flaharty Asset Management LLC now owns 50,000 shares of the company’s stock valued at $194,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 82.70% of the company’s stock.

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.