BTIG analyst Mark Palmer reiterated a Buy rating on Oportun Financial (OPRT) today and set a price target of $27.00. The company’s shares closed last Thursday at $19.76.
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 20.3% and a 64.0% success rate. Palmer covers the Financial sector, focusing on stocks such as International Money Express, Western Union, and NMI Holdings.
Currently, the analyst consensus on Oportun Financial is a Strong Buy with an average price target of $24.75.
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Based on Oportun Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $115 million and net profit of $8.51 million. In comparison, last year the company earned revenue of $131 million and had a net profit of $23.16 million.
Based on the recent corporate insider activity of 96 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.
