Insider Selling: Oportun Financial (NASDAQ:OPRT) Insider Sells 19,355 Shares of Stock

Oportun Financial Corporation (NASDAQ:OPRT) insider Kathleen 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 directly owned 225,872 shares in the company, valued at approximately $1,106,772.80. This represents a 7.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Oportun Financial Trading Down 2.1%

Oportun Financial stock traded down $0.10 during mid-day trading on Thursday, reaching $4.58. The company’s stock had a trading volume of 729,333 shares, compared to its average volume of 612,367. The firm has a market cap of $203.81 million, a price-to-earnings ratio of 8.64 and a beta of 1.18. The business has a 50 day moving average price of $5.26 and a 200-day moving average price of $5.52. Oportun Financial Corporation has a twelve month low of $4.05 and a twelve month high of $7.97.

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

Institutional Trading of Oportun Financial

Several large investors have recently added to or reduced their stakes in OPRT. CenterBook Partners LP raised its stake in Oportun Financial by 70.1% during the 3rd quarter. CenterBook Partners LP now owns 700,833 shares of the company’s stock valued at $4,324,000 after acquiring an additional 288,815 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Oportun Financial by 1.3% in the second quarter. Acadian Asset Management LLC now owns 1,069,116 shares of the company’s stock worth $7,652,000 after purchasing an additional 13,842 shares in the last quarter. Inspire Investing LLC bought a new position in shares of Oportun Financial in the third quarter worth $928,000. Corsair Capital Management L.P. acquired a new position in shares of Oportun Financial during the second quarter valued at $72,000. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Oportun Financial during the third quarter valued at $1,195,000. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OPRT has been the topic of a number of recent research reports. Wall Street Zen cut shares of Oportun Financial from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Oportun Financial in a research report on Monday, December 29th. JPMorgan Chase & Co. upgraded Oportun Financial from an “underweight” rating to a “neutral” rating and set a $5.50 price objective for the company in a research note on Monday, January 12th. Finally, BTIG Research reiterated a “buy” rating and issued a $9.00 target price on shares of Oportun Financial in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.17.

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.