Short-term stake in Oportun Financial Co. (NASDAQ:OPRT) increases 30.1%

Opportun Financial Co. (NASDAQ: OPRT – Get a rating) saw a sharp increase in short-term interest in February. As of February 15, there was short interest totaling 254,900 shares, an increase of 30.1% from the total of 195,900 shares as of January 31. Based on an average daily volume of 136,800 shares, the short interest ratio is currently 1.9 days. Approximately 1.3% of the company’s shares are sold short.

Several research analysts have recently weighed in on OPRT shares. JMP Securities raised its price target on Oportun Financial from $26.00 to $30.00 and gave the stock a “market outperforming” rating in a Monday, Nov. 8 research note. JPMorgan Chase & Co. upgraded shares of Oportun Financial from a “neutral” rating to an “overweight” rating and lowered its price target for the company from $27.00 to $23.00 in a report of research from Wednesday, January 19. Barclays lowered its price target on shares of Oportun Financial from $28.00 to $27.00 and set an “overweight” rating for the company in a Monday, January 10 research note. Ultimately, Zacks Investment Research upgraded Oportun Financial from a “buy” to a “sell” rating in a Wednesday, March 2 research report. One financial analyst gave the stock a sell rating and four gave the company a buy rating. According to MarketBeat.com, Oportun Financial has an average rating of “Buy” and a consensus price target of $25.80.

Shares of Oportun Financial opened at $14.77 on Monday. Oportun Financial has a fifty-two week low of $14.67 and a fifty-two week high of $27.95. The company has a market capitalization of $472.91 million, a P/E ratio of 9.53 and a beta of 1.30. The company has a fifty-day moving average price of $18.25.

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Opportun Financial (NASDAQ:OPRT – Get a rating) last reported quarterly earnings data on Thursday, February 24. The company reported EPS of $0.82 for the quarter, beating Thomson Reuters consensus estimate of $0.72 by $0.10. The company posted revenue of $194.10 million for the quarter, versus a consensus estimate of $184.52 million. Oportun Financial had a return on equity of 18.28% and a net margin of 7.56%. The company’s revenue increased 37.9% year over year. In the same period a year earlier, the company had earned earnings per share of $0.42. On average, equity research analysts expect Oportun Financial to post EPS of 2.14 for the current year.

Several institutional investors have recently increased or reduced their stake in OPRT. Dorsey Wright & Associates bought a new position in Oportun Financial during the fourth quarter worth approximately $43,000. Citigroup Inc. increased its position in shares of Oportun Financial by 92.2% during the third quarter. Citigroup Inc. now owns 2,291 shares of the company valued at $57,000 after acquiring 1,099 additional shares in the last quarter. Concourse Financial Group Securities Inc. purchased a new stake in Oportun Financial in the fourth quarter for $60,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Oportun Financial by 46.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,578 shares of the company valued at $94,000 after purchasing an additional 1,448 shares last quarter. Finally, Legal & General Group Plc increased its stake in Oportun Financial by 200.8% during the fourth quarter. Legal & General Group Plc now owns 5,158 shares in the company valued at $104,000 after buying an additional 3,443 shares last quarter. Hedge funds and other institutional investors hold 74.52% of the company’s shares.

About Opportun Financial (Get a rating)

Oportun Financial Corporation provides financial services in the United States. It offers personal loans, car loans and credit cards. The company serves its customers online and by telephone, as well as through point of sale. Oportun Financial Corporation was founded in 2005 and is headquartered in San Carlos, California.

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