Q1 2024 Earnings Forecast for Oportun Financial Co. (NASDAQ:OPRT) Issued By B. Riley

Oportun Financial Co. (NASDAQ:OPRT) – Investment analysts at B. Riley issued their Q1 2024 EPS estimates for Oportun Financial in a research note issued to investors on Wednesday, April 24th. B. Riley analyst H. Goetsch expects that the company will post earnings of $0.00 per share for the quarter. B. Riley currently has a “Buy” rating and a $8.00 target price on the stock. The consensus estimate for Oportun Financial’s current full-year earnings is ($0.18) per share. B. Riley also issued estimates for Oportun Financial’s Q2 2024 earnings at ($0.14) EPS, Q3 2024 earnings at $0.08 EPS, Q4 2024 earnings at $0.29 EPS, FY2024 earnings at $0.22 EPS and FY2025 earnings at $1.10 EPS.

OPRT has been the subject of several other research reports. JMP Securities reaffirmed a “market perform” rating and issued a $6.50 price objective on shares of Oportun Financial in a report on Friday, March 15th. Jefferies Financial Group downgraded shares of Oportun Financial from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $9.00 to $3.50 in a report on Thursday, March 14th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Oportun Financial from $4.50 to $4.00 and set a “market perform” rating for the company in a report on Thursday, March 14th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.00.

Oportun Financial Stock Performance

Shares of OPRT opened at $3.17 on Monday. Oportun Financial has a 1 year low of $2.05 and a 1 year high of $7.73. The company has a market cap of $109.56 million, a price-to-earnings ratio of -0.63 and a beta of 1.26. The firm has a fifty day moving average of $2.96 and a 200-day moving average of $3.49.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings results on Tuesday, March 12th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by ($0.06). Oportun Financial had a negative net margin of 17.02% and a negative return on equity of 31.58%. The firm had revenue of $262.60 million for the quarter, compared to analyst estimates of $261.64 million.

Hedge Funds Weigh In On Oportun Financial

Large investors have recently made changes to their positions in the business. Acadian Asset Management LLC increased its holdings in shares of Oportun Financial by 407.6% in the 3rd quarter. Acadian Asset Management LLC now owns 538,627 shares of the company’s stock valued at $3,887,000 after purchasing an additional 432,517 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Oportun Financial in the 3rd quarter valued at about $39,000. Barclays PLC grew its stake in shares of Oportun Financial by 132.7% in the 3rd quarter. Barclays PLC now owns 36,952 shares of the company’s stock valued at $267,000 after buying an additional 21,071 shares in the last quarter. Citigroup Inc. grew its stake in shares of Oportun Financial by 21,717.1% in the 3rd quarter. Citigroup Inc. now owns 89,450 shares of the company’s stock valued at $646,000 after buying an additional 89,040 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Oportun Financial in the 3rd quarter valued at approximately $347,000. 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.