B. Riley Reduces Earnings Estimates for Oportun Financial

Oportun Financial Co. (NASDAQ:OPRT) – Equities researchers at B. Riley reduced their FY2025 earnings estimates for Oportun Financial in a research report issued on Monday, November 18th. B. Riley analyst H. Goetsch now expects that the company will post earnings of $0.75 per share for the year, down from their prior estimate of $0.78. The consensus estimate for Oportun Financial’s current full-year earnings is $0.12 per share.

OPRT has been the subject of a number of other research reports. Singular Research raised Oportun Financial to a “strong-buy” rating in a report on Friday, September 20th. JMP Securities restated a “market perform” rating on shares of Oportun Financial in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Oportun Financial has an average rating of “Moderate Buy” and an average price target of $5.50.

Oportun Financial Stock Up 4.3 %

OPRT stock opened at $3.16 on Thursday. Oportun Financial has a 52-week low of $2.05 and a 52-week high of $4.60. The firm has a market cap of $113.67 million, a P/E ratio of -0.96 and a beta of 1.10. The company’s 50-day simple moving average is $2.79 and its 200-day simple moving average is $2.97.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Acuitas Investments LLC acquired a new position in Oportun Financial in the 2nd quarter valued at $1,577,000. RBF Capital LLC grew its holdings in shares of Oportun Financial by 82.9% during the third quarter. RBF Capital LLC now owns 978,079 shares of the company’s stock worth $2,748,000 after buying an additional 443,177 shares in the last quarter. Millennium Management LLC raised its position in shares of Oportun Financial by 26.4% in the second quarter. Millennium Management LLC now owns 1,507,012 shares of the company’s stock valued at $4,370,000 after buying an additional 314,553 shares during the last quarter. Long Focus Capital Management LLC lifted its stake in shares of Oportun Financial by 6.0% in the second quarter. Long Focus Capital Management LLC now owns 1,740,777 shares of the company’s stock worth $5,048,000 after buying an additional 99,197 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in Oportun Financial by 53.3% during the second quarter. Marshall Wace LLP now owns 274,969 shares of the company’s stock worth $797,000 after acquiring an additional 95,637 shares during the last quarter. Institutional investors and hedge funds 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.