Oportun Financial Co. (NASDAQ:OPRT) Shares Sold by Madrone Advisors LLC

Madrone Advisors LLC trimmed its holdings in Oportun Financial Co. (NASDAQ:OPRT) by 13.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 540,633 shares of the company’s stock after selling 82,662 shares during the quarter. Oportun Financial accounts for approximately 0.4% of Madrone Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Madrone Advisors LLC owned 1.50% of Oportun Financial worth $2,098,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Telos Capital Management Inc. purchased a new stake in shares of Oportun Financial in the fourth quarter worth about $52,000. Barclays PLC boosted its position in Oportun Financial by 26.5% in the 4th quarter. Barclays PLC now owns 24,447 shares of the company’s stock worth $96,000 after purchasing an additional 5,114 shares in the last quarter. Flaharty Asset Management LLC boosted its position in Oportun Financial by 11.1% in the 4th quarter. Flaharty Asset Management LLC now owns 50,000 shares of the company’s stock worth $194,000 after purchasing an additional 5,000 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Oportun Financial by 7.7% during the 4th quarter. JPMorgan Chase & Co. now owns 82,826 shares of the company’s stock worth $321,000 after purchasing an additional 5,901 shares during the period. Finally, SkyView Investment Advisors LLC increased its holdings in shares of Oportun Financial by 59.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 107,500 shares of the company’s stock valued at $302,000 after purchasing an additional 40,000 shares in the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.

Oportun Financial Price Performance

NASDAQ OPRT opened at $4.61 on Friday. Oportun Financial Co. has a 1-year low of $2.18 and a 1-year high of $9.25. The company has a market cap of $166.58 million, a PE ratio of -2.29 and a beta of 0.86. The stock’s 50 day simple moving average is $5.92 and its 200-day simple moving average is $4.39.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. Oportun Financial had a negative net margin of 7.86% and a positive return on equity of 5.49%. On average, equities research analysts anticipate that Oportun Financial Co. will post 0.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on OPRT shares. BTIG Research assumed coverage on shares of Oportun Financial in a research report on Wednesday, March 5th. They set a “buy” rating and a $10.00 price target on the stock. JMP Securities restated a “market perform” rating on shares of Oportun Financial in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their price target on Oportun Financial from $6.50 to $5.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.67.

Oportun Financial 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.