Empowered Funds LLC Buys New Shares in Oportun Financial Corporation $OPRT

Empowered Funds LLC bought a new position in shares of Oportun Financial Corporation (NASDAQ:OPRT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 203,478 shares of the company’s stock, valued at approximately $1,162,000. Empowered Funds LLC owned 0.44% of Oportun Financial at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of OPRT. BlackRock Inc. acquired a new position in shares of Oportun Financial during the second quarter worth approximately $19,244,000. Cannell Capital LLC grew its holdings in shares of Oportun Financial by 7,067.0% in the second quarter. Cannell Capital LLC now owns 1,601,244 shares of the company’s stock valued at $11,465,000 after acquiring an additional 1,578,902 shares in the last quarter. Meros Investment Management LP purchased a new stake in shares of Oportun Financial during the 2nd quarter valued at $6,425,069. Simcoe Capital LLC bought a new stake in shares of Oportun Financial during the 4th quarter worth $4,208,000. Finally, Millennium Management LLC boosted its holdings in shares of Oportun Financial by 54.1% in the 4th quarter. Millennium Management LLC now owns 1,899,552 shares of the company’s stock worth $10,049,000 after buying an additional 667,271 shares during the last quarter. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OPRT. Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a report on Wednesday, June 24th. Stephens increased their target price on shares of Oportun Financial from $7.00 to $8.00 and gave the company 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 note on Saturday, August 8th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.33.

Oportun Financial Stock Up 6.2%

NASDAQ OPRT opened at $7.87 on Friday. The company has a market cap of $361.94 million, a PE ratio of 19.68 and a beta of 1.24. Oportun Financial Corporation has a 52 week low of $4.03 and a 52 week high of $8.30. The firm’s 50-day simple moving average is $6.56 and its two-hundred day simple moving average is $5.65.

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

Oportun Financial 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.