Man Group plc Purchases New Position in Oportun Financial Corporation $OPRT

Man Group plc purchased a new stake in Oportun Financial Corporation (NASDAQ:OPRT) during the second quarter, HoldingsChannel.com reports. The firm purchased 95,360 shares of the company’s stock, valued at approximately $545,000.

Other large investors have also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. bought a new position in shares of Oportun Financial in the fourth quarter valued at approximately $28,000. Clearstead Advisors LLC grew its position 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 during the last quarter. Pinnacle Holdings LLC acquired a new stake in Oportun Financial during the 2nd quarter valued at $33,000. Abel Hall LLC acquired a new stake in Oportun Financial during the 1st quarter valued at $57,000. Finally, Virtu Financial LLC bought a new position in Oportun Financial in the 3rd quarter valued at $64,000. 82.70% of the stock is owned by institutional investors.

Oportun Financial Stock Performance

NASDAQ:OPRT opened at $7.41 on Friday. The company has a market cap of $340.79 million, a price-to-earnings ratio of 18.53 and a beta of 1.24. The stock’s fifty day moving average price is $6.52 and its two-hundred day moving average price is $5.63. Oportun Financial Corporation has a 52-week low of $4.03 and a 52-week high of $8.30.

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

Wall Street Analyst Weigh In

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

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.