Oportun Financial Corporation (NASDAQ:OPRT) – Equities research analysts at Jefferies Financial Group reduced their Q4 2019 earnings estimates for shares of Oportun Financial in a research note issued to investors on Wednesday, November 13th. Jefferies Financial Group analyst J. Hecht now forecasts that the company will earn $0.52 per share for the quarter, down from their previous forecast of $0.54. Jefferies Financial Group has a “Buy” rating and a $19.00 price objective on the stock. Jefferies Financial Group also issued estimates for Oportun Financial’s Q2 2020 earnings at $0.35 EPS, Q3 2020 earnings at $0.51 EPS, Q4 2020 earnings at $0.83 EPS and FY2020 earnings at $1.78 EPS.
Other research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods initiated coverage on shares of Oportun Financial in a report on Monday, October 21st. They issued an “outperform” rating and a $20.00 price target on the stock. JMP Securities upped their price target on shares of Oportun Financial from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. BTIG Research upped their price target on shares of Oportun Financial to $22.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. upped their price target on shares of Oportun Financial from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Barclays initiated coverage on shares of Oportun Financial in a report on Monday, October 21st. They set an “overweight” rating and a $21.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating, Oportun Financial has an average rating of “Buy” and a consensus price target of $21.00.
In other Oportun Financial news, Director Carl Pascarella sold 240,000 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $15.00, for a total transaction of $3,600,000.00. Also, major shareholder Madrone Partners, L.P. sold 1,976,455 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $15.00, for a total transaction of $29,646,825.00.
A hedge fund recently bought a new stake in Oportun Financial stock. Dean Capital Investments Management LLC purchased a new stake in shares of Oportun Financial Corporation (NASDAQ:OPRT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 37,106 shares of the company’s stock, valued at approximately $602,000. Dean Capital Investments Management LLC owned about 0.14% of Oportun Financial as of its most recent filing with the Securities & Exchange Commission. 0.23% of the stock is currently owned by institutional investors.
About Oportun Financial
Oportun is a high-growth, mission-driven CDFI and provider of inclusive, affordable financial services powered by a deep, data-driven understanding of its customers and advanced proprietary technology. By lending money to hardworking, low-to-moderate-income individuals, Oportun helps them move forward in their lives, demonstrate their creditworthiness, and establish the credit history they need to access new opportunities.
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