Oportun Financial Corporation (NASDAQ:OPRT) Sees Significant Drop in Short Interest

Oportun Financial Corporation (NASDAQ:OPRT) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 1,256,241 shares, a drop of 20.2% from the February 12th total of 1,574,423 shares. Approximately 3.1% of the company’s stock are sold short. Based on an average daily volume of 604,842 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily volume of 604,842 shares, the days-to-cover ratio is presently 2.1 days. Approximately 3.1% of the company’s stock are sold short.

Oportun Financial Stock Performance

OPRT traded down $0.32 during trading hours on Friday, reaching $4.26. The company’s stock had a trading volume of 627,940 shares, compared to its average volume of 686,553. The company’s 50-day moving average is $5.23 and its 200-day moving average is $5.49. Oportun Financial has a 52 week low of $4.05 and a 52 week high of $7.97. The firm has a market cap of $189.57 million, a PE ratio of 8.04 and a beta of 1.18.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on OPRT. BTIG Research reaffirmed a “buy” rating and set a $9.00 price target on shares of Oportun Financial in a research report on Friday, February 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a research note on Monday, December 29th. JPMorgan Chase & Co. raised shares of 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. Finally, Wall Street Zen downgraded shares of Oportun Financial from a “buy” rating to a “hold” rating in a research note 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. According to data from MarketBeat.com, Oportun Financial presently has a consensus rating of “Hold” and a consensus target price of $8.17.

Insider Buying and Selling

In other news, insider Patrick Kirscht sold 54,299 shares of the stock in a transaction that occurred on 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 owned 439,618 shares of the company’s stock, valued at approximately $2,154,128.20. This represents a 10.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kathleen I. Layton sold 19,355 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $4.90, for a total transaction of $94,839.50. Following the completion of the transaction, the insider directly owned 225,872 shares of the company’s stock, valued at $1,106,772.80. This represents a 7.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 9.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oportun Financial

A number of institutional investors have recently modified their holdings of OPRT. Kemnay Advisory Services Inc. acquired a new stake in Oportun Financial in the 4th quarter worth about $28,000. Clearstead Advisors LLC grew its position in shares of 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 purchasing an additional 3,671 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Oportun Financial during the 2nd quarter worth approximately $55,000. State of Alaska Department of Revenue bought a new position in shares of Oportun Financial during the fourth quarter worth approximately $58,000. Finally, Virtu Financial LLC bought a new position in shares of Oportun Financial during the third quarter worth approximately $64,000. Institutional investors own 82.70% of the company’s stock.

Oportun Financial Company Profile

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.