While Oportun Financial Corp has underperformed by -6.14%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OPRT fell by -39.72%, with highs and lows ranging from $7.73 to $2.13, whereas the simple moving average fell by -55.38% in the last 200 days.
On March 15, 2024, JMP Securities Downgraded Oportun Financial Corp (NASDAQ: OPRT) to Mkt Perform. A report published by Jefferies on March 14, 2024, Downgraded its rating to ‘Hold’ for OPRT. JP Morgan also Downgraded OPRT shares as ‘Neutral’, setting a target price of $8 on the company’s shares in a report dated October 17, 2023. B. Riley Securities Initiated an Buy rating on June 29, 2023, and assigned a price target of $9. BTIG Research initiated its ‘Buy’ rating for OPRT, as published in its report on June 14, 2023. Keefe Bruyette’s report from March 14, 2023 suggests a price prediction of $4 for OPRT shares, giving the stock a ‘Mkt Perform’ rating. Barclays also rated the stock as ‘Equal Weight’.
Analysis of Oportun Financial Corp (OPRT)
Further, the quarter-over-quarter increase in sales is 0.29%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Oportun Financial Corp’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -37.80% is sufficient for you to turn a profit off your investment.
An average volume of 218.56K can be a very valuable indicator of volatility for OPRT stock. On a monthly basis, the volatility of the stock is set at 9.04%, whereas on a weekly basis, it is put at 9.32%, with a loss of -6.96% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.25, showing growth from the present price of $2.14, which can serve as yet another indication of whether OPRT is worth investing in or should be passed over.
How Do You Analyze Oportun Financial Corp Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 25.42%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 72.28% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
OPRT shares are owned by institutional investors to the tune of 72.28% at present.
