Tower Research Capital LLC TRC Raises Stake in Oportun Financial Co. (NASDAQ:OPRT)

Tower Research Capital LLC TRC raised its stake in shares of Oportun Financial Co. (NASDAQ:OPRT) by 7,197.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,594 shares of the company’s stock after buying an additional 14,394 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Oportun Financial were worth $57,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Acadian Asset Management LLC boosted its position in shares of Oportun Financial by 407.6% in the third quarter. Acadian Asset Management LLC now owns 538,627 shares of the company’s stock valued at $3,887,000 after acquiring an additional 432,517 shares during the period. Public Employees Retirement System of Ohio bought a new position in Oportun Financial in the 3rd quarter valued at $39,000. Barclays PLC grew its position in shares of Oportun Financial by 132.7% during the 3rd quarter. Barclays PLC now owns 36,952 shares of the company’s stock valued at $267,000 after purchasing an additional 21,071 shares in the last quarter. Citigroup Inc. grew its position in shares of Oportun Financial by 21,717.1% during the 3rd quarter. Citigroup Inc. now owns 89,450 shares of the company’s stock valued at $646,000 after purchasing an additional 89,040 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Oportun Financial in the third quarter worth $347,000. 82.70% of the stock is currently owned by institutional investors.

Oportun Financial Trading Up 2.2 %

Oportun Financial stock traded up $0.07 during trading hours on Monday, hitting $3.22. 243,763 shares of the stock traded hands, compared to its average volume of 374,149. Oportun Financial Co. has a one year low of $2.05 and a one year high of $7.73. The company has a market cap of $111.28 million, a PE ratio of -0.64 and a beta of 1.26. The firm’s 50-day moving average price is $2.97 and its two-hundred day moving average price is $3.52.

Oportun Financial (NASDAQ:OPRT) last released its earnings results on Tuesday, March 12th. The company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.06). Oportun Financial had a negative return on equity of 31.58% and a negative net margin of 17.02%. The business had revenue of $262.60 million during the quarter, compared to analysts’ expectations of $261.64 million. On average, sell-side analysts expect that Oportun Financial Co. will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on OPRT. Keefe, Bruyette & Woods reduced their target price on Oportun Financial from $4.50 to $4.00 and set a “market perform” rating for the company in a research report on Thursday, March 14th. JMP Securities reissued a “market perform” rating and set a $6.50 price objective on shares of Oportun Financial in a report on Friday, March 15th. B. Riley lowered their target price on shares of Oportun Financial from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Finally, Jefferies Financial Group cut shares of Oportun Financial from a “buy” rating to a “hold” rating and lowered their price objective for the company from $9.00 to $3.50 in a research report on Thursday, March 14th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.00.

About Oportun Financial

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.