JPMorgan Chase & Co. cut shares of Oportun Financial (NASDAQ:OPRT) from an overweight rating to a neutral rating in a research report report published on Friday, BenzingaRatingsTable reports. The firm currently has $24.50 target price on the stock, up from their previous target price of $22.00. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also recently commented on the company. Jefferies Financial Group started coverage on Oportun Financial in a report on Monday, October 21st. They set a buy rating and a $19.00 target price on the stock. BTIG Research increased their price target on Oportun Financial from $22.00 to $27.00 and gave the stock a buy rating in a research note on Monday, December 23rd. JMP Securities assumed coverage on Oportun Financial in a research note on Wednesday, October 23rd. They set an outperform rating and a $20.00 price target on the stock. Barclays assumed coverage on Oportun Financial in a research note on Monday, October 21st. They set an overweight rating and a $21.00 price target on the stock. Finally, Zacks Investment Research raised Oportun Financial from a sell rating to a hold rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $21.92.

NASDAQ:OPRT traded down $1.67 during trading hours on Friday, reaching $21.38. 163,235 shares of the company traded hands, compared to its average volume of 92,928. The firm’s 50-day simple moving average is $21.97. Oportun Financial has a 1-year low of $14.22 and a 1-year high of $25.84.

Oportun Financial (NASDAQ:OPRT) last announced its earnings results on Tuesday, November 12th. The company reported ($1.97) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($2.19). The business had revenue of $153.90 million during the quarter, compared to analysts’ expectations of $156.80 million. As a group, equities analysts anticipate that Oportun Financial will post 1.22 EPS for the current year.

Several institutional investors have recently modified their holdings of the business. Institutional Venture Management XIV LLC purchased a new position in shares of Oportun Financial during the 3rd quarter worth $62,426,000. Millennium Management LLC purchased a new position in shares of Oportun Financial during the 3rd quarter worth $2,071,000. Ashford Capital Management Inc. purchased a new position in shares of Oportun Financial during the 3rd quarter worth $1,097,000. Dean Capital Investments Management LLC purchased a new position in shares of Oportun Financial during the 3rd quarter worth $602,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Oportun Financial during the 3rd quarter worth $406,000. 46.19% of the stock is currently owned by institutional investors.

Oportun Financial Company Profile

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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