Oportun Financial (NASDAQ:OPRT) Insider Sells $32,939.40 in Stock

Oportun Financial Corporation (NASDAQ:OPRT) insider Kathleen Layton sold 4,223 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $7.80, for a total transaction of $32,939.40. Following the completion of the sale, the insider directly owned 292,006 shares of the company’s stock, valued at approximately $2,277,646.80. The trade was a 1.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Oportun Financial Price Performance

Shares of NASDAQ:OPRT opened at $7.80 on Thursday. The firm has a market capitalization of $358.72 million, a PE ratio of 19.50 and a beta of 1.24. The business has a 50 day simple moving average of $6.90 and a two-hundred day simple moving average of $5.81. Oportun Financial Corporation has a 1 year low of $4.03 and a 1 year high of $8.30.

Oportun Financial (NASDAQ:OPRT) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.09. Oportun Financial had a return on equity of 13.41% and a net margin of 2.05%.The firm had revenue of $233.23 million for the quarter, compared to the consensus estimate of $230.68 million. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. Equities research analysts expect that Oportun Financial Corporation will post 1.32 EPS for the current fiscal year.

Institutional Trading of Oportun Financial

Several institutional investors and hedge funds have recently made changes to their positions in OPRT. Clearstead Advisors LLC grew its holdings in Oportun Financial by 192.9% during the 4th quarter. Clearstead Advisors LLC now owns 5,574 shares of the company’s stock worth $29,000 after acquiring an additional 3,671 shares in the last quarter. Pinnacle Holdings LLC bought a new stake in shares of Oportun Financial in the 2nd quarter valued at about $33,000. Abel Hall LLC bought a new stake in shares of Oportun Financial in the 1st quarter valued at about $57,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Oportun Financial in the 2nd quarter worth approximately $66,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Oportun Financial in the 2nd quarter worth approximately $74,000. 82.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OPRT has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of Oportun Financial from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Stephens boosted their price objective on shares of Oportun Financial from $7.00 to $8.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Oportun Financial has an average rating of “Hold” and a consensus price target of $7.33.

About Oportun Financial

Oportun Financial Corporation is a financial technology company that provides credit and other financial services to consumers who may have limited access to traditional banking products. The company focuses on using technology and data-driven underwriting to offer more accessible and affordable financial solutions.

Oportun’s products have included unsecured personal loans, credit cards and savings services. Its personal loans are designed to provide borrowers with installment financing for needs such as debt consolidation, home expenses and unexpected costs.