Streetbeat News

OPRT

Oportun Financial Corporation

https://www.oportun.com

Industry

Financial - Credit Services

Oportun Financial Corporation provides financial services. It offers personal loans, auto loans, and credit cards. The company serves customers online and over-the-phone, as well as through retail locations. It operates in 24 states in the United States, which include Arkansas, Delaware, Indiana, Kentucky, Mississippi, Montana, North Dakota, New Hampshire, Oregon, South Carolina, South Dakota, and Virginia. Oportun Financial Corporation was founded in 2005 and is headquartered in San Carlos, California.

Open

3.11

Mkt cap

113M

Volume

147K

High

3.22

P/E Ratio

-0.95

52-wk high

4.60

Low

3.07

Div yield

N/A

52-wk low

2.05

Oportun Financial (NASDAQ: OPRT) reported Q2 earnings of $0.08 per share, significantly beating the analyst estimate of $(0.15). Sales were $250.40 million, also surpassing the $246.05 million estimate. Despite the positive earnings surprise, sales decreased by 6.08% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:23 pm

Oportun has secured a new $245 million long-term warehouse facility with Deutsche Bank and Jefferies. The facility features a three-year revolving period and is collateralized by unsecured and secured loan originations.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:38 pm

JMP Securities analyst David Scharf has reiterated a 'Market Perform' rating on Oportun Financial (NASDAQ:OPRT).

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:40 pm

Oportun Financial's shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company provided Q2 revenue guidance with its midpoint surpassing estimates.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 4:07 pm

Oportun Financial Corporation projects its Q2 total revenue to be between $245M-$250M, closely aligning with the $245.55M estimate. For FY24, the company anticipates revenue to range from $985M to $1.01B, slightly below the $996.79M estimate.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:06 pm

Oportun Financial (NASDAQ:OPRT) reported Q1 2024 earnings of $0.09 per share, surpassing the $(0.27) estimate, marking a 133.33% beat and a significant turnaround from last year's $(1.70) per share loss. Sales reached $250.5M, exceeding the $240.524M forecast by 4.15%, despite a 3.47% decrease from the previous year's $259.5M.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:34 pm

Oportun Financial (NASDAQ:OPRT) has seen varied analyst opinions ranging from bullish to bearish, with a recent shift towards a more cautious outlook. The average 12-month price target has been reduced by 26.67% to $5.5, reflecting a negative sentiment shift. Analysts from firms like B. Riley Securities and Jefferies have adjusted their ratings and price targets, indicating a reevaluation of Oportun Financial's market position and financial health. The company's financial challenges include a significant revenue decline of -49.74%, a net margin of -58.01%, and a high debt-to-equity ratio of 7.27, suggesting potential difficulties in achieving profitability and managing debt.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 2:01 pm

B. Riley Securities analyst Hal Goetsch maintains a Buy rating on Oportun Financial (NASDAQ:OPRT) but lowers the price target from $9 to $8.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:47 pm

U.S. stocks saw gains with the S&P 500 up 1.24%, driven by General Motors' better-than-expected earnings. GM reported a 7.6% sales growth and raised its EPS outlook. Hibbett, Inc. surged 19% after being acquired by JD Sports Fashion. Oportun Financial and Palisade Bio also saw significant gains following positive announcements. Conversely, JetBlue Airways, Abeona Therapeutics, and LKQ Corporation experienced declines due to disappointing financial results and outlooks. Crude oil prices increased by 1.8%.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 6:31 pm

Nucor Corporation's shares fell after reporting lower-than-expected quarterly results. Other stocks showed significant movement, with Cyngn Inc. and Pineapple Energy Inc. among the top gainers, while Abeona Therapeutics and Greenwave Technology Solutions were notable losers.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 5:53 pm

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