Oportun Financial (NASDAQ:OPRT) Insider Patrick Kirscht Sells 54,299 Shares

Oportun Financial Corporation (NASDAQ:OPRT) insider Patrick Kirscht sold 54,299 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $4.90, for a total transaction of $266,065.10. Following the completion of the transaction, the insider directly owned 439,618 shares of the company’s stock, valued at approximately $2,154,128.20. This trade represents a 10.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Oportun Financial Trading Down 4.9%

Shares of NASDAQ:OPRT traded down $0.23 during trading on Friday, hitting $4.36. 286,201 shares of the stock were exchanged, compared to its average volume of 604,899. The company has a market cap of $193.80 million, a PE ratio of 8.22 and a beta of 1.18. The company has a fifty day moving average price of $5.25 and a two-hundred day moving average price of $5.51. Oportun Financial Corporation has a 12-month low of $4.05 and a 12-month high of $7.97.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $247.80 million during the quarter, compared to the consensus estimate of $243.48 million. Oportun Financial had a return on equity of 14.82% and a net margin of 2.64%.Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. Equities research analysts anticipate that Oportun Financial Corporation will post 0.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on OPRT shares. JPMorgan Chase & Co. upgraded shares of Oportun Financial from an “underweight” rating to a “neutral” rating and set a $5.50 target price for the company in a report on Monday, January 12th. Wall Street Zen lowered shares of Oportun Financial from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. BTIG Research reissued a “buy” rating and set a $9.00 price objective on shares of Oportun Financial in a research note on Friday, February 27th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Oportun Financial has a consensus rating of “Hold” and an average price target of $8.17.

Hedge Funds Weigh In On Oportun Financial

A number of institutional investors have recently modified their holdings of the company. Rhumbline Advisers boosted its position in Oportun Financial by 5.8% during the third quarter. Rhumbline Advisers now owns 51,467 shares of the company’s stock worth $318,000 after acquiring an additional 2,817 shares during the last quarter. Flaharty Asset Management LLC lifted its stake in shares of Oportun Financial by 23.1% during the 4th quarter. Flaharty Asset Management LLC now owns 16,000 shares of the company’s stock worth $85,000 after purchasing an additional 3,000 shares during the period. Clearstead Advisors LLC boosted its holdings in shares of Oportun Financial by 192.9% during the fourth quarter. Clearstead Advisors LLC now owns 5,574 shares of the company’s stock worth $29,000 after purchasing an additional 3,671 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Oportun Financial during the fourth quarter worth $28,000. Finally, Mackenzie Financial Corp grew its position in shares of Oportun Financial by 11.7% in the third quarter. Mackenzie Financial Corp now owns 56,477 shares of the company’s stock valued at $348,000 after purchasing an additional 5,908 shares during the period. Institutional investors and hedge funds own 82.70% of the company’s stock.

About Oportun Financial

Oportun Financial Corporation (NASDAQ: OPRT) is a financial technology company that provides consumer lending products aimed at serving the underbanked and credit-invisible population in the United States. Headquartered in Redwood City, California, Oportun operates a digital platform that enables borrowers to access credit through unsecured personal installment loans, secured credit-builder loans and a proprietary mobile wallet. The company leverages machine learning and alternative data sources to assess creditworthiness, extending financial services to customers with limited or no traditional credit history.

The company’s core offerings include fixed-term installment loans designed to help individuals cover unexpected expenses, consolidate debt or build credit.