Cannell Capital LLC Lowers Stake in Oportun Financial Corporation $OPRT

Cannell Capital LLC cut its position in shares of Oportun Financial Corporation (NASDAQ:OPRT) by 8.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,470,870 shares of the company’s stock after selling 130,374 shares during the quarter. Oportun Financial comprises 1.4% of Cannell Capital LLC’s portfolio, making the stock its 13th biggest position. Cannell Capital LLC’s holdings in Oportun Financial were worth $9,075,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Oportun Financial by 30.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,106,640 shares of the company’s stock valued at $12,998,000 after purchasing an additional 490,608 shares in the last quarter. Millennium Management LLC raised its position in Oportun Financial by 28.9% in the first quarter. Millennium Management LLC now owns 1,936,797 shares of the company’s stock valued at $10,633,000 after purchasing an additional 433,827 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Oportun Financial by 17.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,012,114 shares of the company’s stock worth $6,245,000 after purchasing an additional 147,319 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Oportun Financial by 131.6% during the second quarter. Geode Capital Management LLC now owns 776,844 shares of the company’s stock worth $5,563,000 after purchasing an additional 441,392 shares in the last quarter. Finally, CenterBook Partners LP boosted its position in shares of Oportun Financial by 70.1% in the third quarter. CenterBook Partners LP now owns 700,833 shares of the company’s stock worth $4,324,000 after buying an additional 288,815 shares during the period. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Oportun Financial Price Performance

OPRT opened at $4.26 on Friday. Oportun Financial Corporation has a 12-month low of $4.05 and a 12-month high of $7.97. The stock has a market capitalization of $189.57 million, a PE ratio of 8.04 and a beta of 1.18. The firm’s fifty day moving average price is $5.23 and its 200 day moving average price is $5.49.

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

Insider Activity

In related news, insider Patrick Kirscht sold 54,299 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $4.90, for a total value of $266,065.10. Following the completion of the sale, the insider directly owned 439,618 shares of the company’s stock, valued at $2,154,128.20. The trade was a 10.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kathleen I. Layton sold 19,355 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $4.90, for a total value of $94,839.50. Following the sale, the insider owned 225,872 shares in the company, valued at $1,106,772.80. The trade was a 7.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 9.30% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.