Oportun Financial Corp (NASDAQ:OPRT) Shares Jumped 0.77% In A Week. Can It Continue Rising?

In last trading session, Oportun Financial Corp (NASDAQ:OPRT) saw 0.46 million shares changing hands with its beta currently measuring 1.16. Company’s recent per share price level of $3.93 trading at $0.07 or 1.81% at ring of the bell on the day assigns it a market valuation of $141.37M. That closing price of OPRT’s stock is at a discount of -17.05% from its 52-week high price of $4.60 and is indicating a premium of 47.84% from its 52-week low price of $2.05. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.17 million shares which gives us an average trading volume of 150.17K if we extend that period to 3-months.

For Oportun Financial Corp (OPRT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.16 in the current quarter.

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Oportun Financial Corp (NASDAQ:OPRT) trade information

Upright in the green during last session for gaining 1.81%, in the last five days OPRT remained trading in the green while hitting it’s week-highest on Friday, 12/20/24 when the stock touched $3.93 price level, adding 1.75% to its value on the day. Oportun Financial Corp’s shares saw a change of 0.51% in year-to-date performance and have moved 0.77% in past 5-day. Oportun Financial Corp (NASDAQ:OPRT) showed a performance of 26.37% in past 30-days. Number of shares sold short was 0.1 million shares which calculate 1.03 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 34.5% to its current value. Analysts have been projecting 3.5 as a low price target for the stock while placing it at a high target of 24. It follows that stock’s current price would jump 10.94% in reaching the projected high whereas dropping to the targeted low would mean a gain of 10.94% for stock’s current value.

Oportun Financial Corp (OPRT) estimates and forecasts

Statistics highlight that Oportun Financial Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 35.52% of value to its shares in past 6 months, showing an annual growth rate of 109.79% while that of industry is 7.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -5.52% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 247.71M for the same. And 3 analysts are in estimates of company making revenue of 249.84M in the next quarter. Company posted 262.6M and 250.48M of sales in current and next quarters respectively a year earlier.

In 2024, company’s earnings growth rate is likely to be around 106.58% while estimates for its earnings growth in next 5 years are of -3.80%.

Oportun Financial Corp (NASDAQ:OPRT)’s Major holders

Insiders are in possession of 9.69% of company’s total shares while institution are holding 79.59 percent of that, with stock having share float percentage of 88.13%. Investors also watch the number of corporate investors in a company very closely, which is 79.59% institutions for Oportun Financial Corp that are currently holding shares of the company. NEUBERGER BERMAN GROUP LLC is the top institutional holder at OPRT for having 3.76 million shares of worth $10.91 million. And as of 2024-06-30, it was holding 9.6685 of the company’s outstanding shares.

The second largest institutional holder is FINDELL CAPITAL MANAGEMENT LLC, which was holding about 3.47 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.9191 of outstanding shares, having a total worth of $10.06 million.