Opportun Financial (NASDAQ:OPRT – Get a rating) updated its earnings guidance for the second quarter of 2022 on Monday. share of $0.53. The company released a revenue forecast of $214.00 million to $218.00 million, compared to the consensus revenue estimate of $207.36 million.
The OPRT opened at $11.44 on Monday. The company has a 50-day moving average price of $13.16 and a 200-day moving average price of $17.78. The company has a market capitalization of $375.31 million, a PE ratio of 4.06 and a beta of 1.37. Oportun Financial has a 1-year minimum of $10.59 and a 1-year maximum of $27.95.
Opportun Financial (NASDAQ:OPRT – Get a rating) last released its quarterly results on Monday, May 9. The company reported earnings per share of $1.58 for the quarter, beating consensus analyst estimates of $0.60 from $0.98. The company posted revenue of $214.70 million in the quarter, versus a consensus estimate of $198.40 million. Oportun Financial had a return on equity of 18.01% and a net margin of 12.76%. The company’s quarterly revenue increased 58.7% year over year. During the same period of the previous year, the company achieved EPS of $0.27. On average, analysts expect Oportun Financial to post 1.63 EPS for the current year.
Several stock analysts have recently weighed in on the stock. Loop Capital launched a hedge on the shares of Oportun Financial in a research report on Monday, March 14. They set a buy rating and price target of $24.00 on the stock. BTIG Research restated a buy rating and issued a target price of $27.00 on shares of Oportun Financial in a research note on Thursday, April 14. JPMorgan Chase & Co. upgraded shares of Oportun Financial from a neutral rating to an overweight rating and lowered its price target for the stock from $27.00 to $23.00 in a Wednesday research report January 19. To finish, Zacks Investment Research upgraded shares of Oportun Financial from a sell rating to a hold rating in a Wednesday, May 11 report. One equity research analyst gave the stock a hold rating and five gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has a buy consensus rating and an average target price of $25.50.
In other news from Oportun Financial, Director Louis Miramontes sold 5,357 shares of the company in a trade on Monday, March 14. The shares were sold at an average price of $13.76, for a total value of $73,712.32. The transaction was disclosed in an SEC filing, which is available via the SEC website. Insiders hold 12.60% of the shares of the company.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc increased its stake in Oportun Financial by 200.8% during the 4th 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. Citigroup Inc. increased its stake in Oportun Financial by 224.4% during the fourth quarter. Citigroup Inc. now owns 7,433 shares of the company worth $151,000 after purchasing an additional 5,142 shares in the last quarter. MetLife Investment Management LLC increased its position in Oportun Financial by 73.6% during the first quarter. MetLife Investment Management LLC now owns 12,860 shares of the company valued at $185,000 after purchasing an additional 5,453 shares during the period. Parametric Portfolio Associates LLC purchased a new stake in Oportun Financial during Q4, valued at $217,000. Finally, Credit Suisse AG bought a new stake in shares of Oportun Financial in the fourth quarter for a value of approximately $254,000. 70.58% of the shares are currently held by institutional investors.
About Opportun Financial (Get a rating)
Oportun Financial Corporation provides financial services. 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. It operates in 24 states in the United States, including Arkansas, Delaware, Indiana, Kentucky, Mississippi, Montana, North Dakota, New Hampshire, Oregon, South Carolina, South Dakota and Virginia.
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