Barclays Keeps Their Buy Rating on Oportun Financial (OPRT)
Barclays analyst Mark Devries maintained a Buy rating on Oportun Financial (OPRT) on October 12 and set a price target of $19.00. The company’s shares closed last Wednesday at $14.30.
According to TipRanks.com, Devries is a 5-star analyst with an average return of 9.4% and a 60.8% success rate. Devries covers the Financial sector, focusing on stocks such as Discover Financial Services, Fidelity National Financial, and First American Financial.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Oportun Financial with a $19.33 average price target.
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Based on Oportun Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $46.12 million and GAAP net loss of $34.25 million. In comparison, last year the company earned revenue of $99.15 million and had a net profit of $13.79 million.
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OPRT in relation to earlier this year.
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Oportun Financial Corp. is a holding company, which engages in the provision of financial services for customers with credit invisibles. The firm offers small dollar, unsecured installment loans through its proprietary lending platform. The company was founded in August 2005 and is headquartered in San Carlos, CA.