JPMorgan Chase & Co. initiated coverage on shares of Oportun Financial (NASDAQ:OPRT) in a research note issued to investors on Monday morning, BenzingaRatingsTable reports. The brokerage issued an overweight rating and a $20.00 target price on the stock.

A number of other research firms also recently commented on OPRT. Keefe, Bruyette & Woods assumed coverage on shares of Oportun Financial in a research report on Monday. They issued an outperform rating and a $20.00 target price on the stock. Barclays assumed coverage on shares of Oportun Financial in a research report on Monday. They issued an overweight rating and a $21.00 target price on the stock. Five research analysts have rated the stock with a buy rating, Oportun Financial has a consensus rating of Buy and an average target price of $19.80.

Shares of NASDAQ OPRT traded up $0.26 during mid-day trading on Monday, reaching $16.25. The company had a trading volume of 2,195 shares, compared to its average volume of 173,469. Oportun Financial has a 52-week low of $14.22 and a 52-week high of $17.00.

In related news, Director Carl Pascarella sold 240,000 shares of the stock in a transaction on 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 firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $15.00, for a total transaction of $29,646,825.00.

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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Analyst Recommendations for Oportun Financial (NASDAQ:OPRT)

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