Oportun Financial Corp (NASDAQ: OPRT) closed the day trading at $3.07 down -12.78% from the previous closing price of $3.52. In other words, the price has decreased by -$0.4500 from its previous closing price. On the day, 1373617 shares were traded.
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Ratios:
For a better understanding of OPRT, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 7.27 whereas as Long-Term Debt/Eq ratio is at 7.23.
On March 14, 2024, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $9 to $3.50.
JP Morgan Downgraded its Overweight to Neutral on October 17, 2023, whereas the target price for the stock was revised from $7 to $8.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 05 ’23 when Institutional Venture Manageme sold 50,000 shares for $7.31 per share. The transaction valued at 365,500 led to the insider holds 3,358,691 shares of the business.
COBLENTZ JONATHAN AARON bought 40,000 shares of OPRT for $144,800 on Mar 20 ’23. The CFO & Chief Admin Officer now owns 195,939 shares after completing the transaction at $3.62 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OPRT now has a Market Capitalization of 105.09M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.10 while its Price-to-Book (P/B) ratio in mrq is 0.26.
Stock Price History:
Over the past 52 weeks, OPRT has reached a high of $7.73, while it has fallen to a 52-week low of $2.13. The 50-Day Moving Average of the stock is 3.7937, while the 200-Day Moving Average is calculated to be 5.0453.
Shares Statistics:
Over the past 3-months, OPRT traded about 250.56K shares per day on average, while over the past 10 days, OPRT traded about 297.89k shares per day. A total of 34.47M shares are outstanding, with a floating share count of 25.56M. Insiders hold about 25.32% of the company’s shares, while institutions hold 70.99% stake in the company. Shares short for OPRT as of Feb 29, 2024 were 169.49k with a Short Ratio of 0.68, compared to 180.34k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.50% and a Short% of Float of 0.59%.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of -$0.34 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.7, while EPS last year was -$2.6. The consensus estimate for the next quarter is -$0.05, with high estimates of $0.25 and low estimates of -$0.32.
Analysts are recommending an EPS of between $1.35 and -$0.58 for the fiscal current year, implying an average EPS of $0.14. EPS for the following year is $0.9, with 3 analysts recommending between $1.5 and $0.35.
Revenue Estimates
4 analysts predict $241.53M in revenue for the current quarter. It ranges from a high estimate of $258.4M to a low estimate of $233.2M. As of the current estimate, Oportun Financial Corp’s year-ago sales were $246.06M, an estimated decrease of -1.80% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $248.81M, a decrease of -6.70% less than the figure of -$1.80% in the same quarter last year. There is a high estimate of $263.4M for the next quarter, whereas the lowest estimate is $240.39M.
A total of 4 analysts have provided revenue estimates for OPRT’s current fiscal year. The highest revenue estimate was $1.08B, while the lowest revenue estimate was $978.06M, resulting in an average revenue estimate of $1.01B. In the same quarter a year ago, actual revenue was $1.06B, down -4.60% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $1.07B in the next fiscal year. The high estimate is $1.09B and the low estimate is $1.04B. The average revenue growth estimate for next year is up 5.70% from the average revenue estimate for this year.
