147,136 Shares in Oportun Financial Corporation $OPRT Purchased by Bank of America Corp DE

Key Points

• Bank of America purchased 147,136 Oportun Financial shares worth approximately $840,000, joining several other institutions that recently increased their positions. Institutional investors now own 82.7% of Oportun’s stock.
• Analyst sentiment remains mixed: Oportun has a consensus rating of “Hold” with an average price target of $7.33, despite Stephens raising its target to $8.00 and maintaining an “overweight” rating.
• Oportun reported quarterly EPS of $0.42, exceeding the $0.33 estimate, while revenue of $233.23 million also topped expectations. Shares opened at $8.35, near the company’s 52-week high of $8.66.

Bank of America Corp DE purchased a new position in shares of Oportun Financial Corporation (NASDAQ:OPRT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 147,136 shares of the company's stock, valued at approximately $840,000. Bank of America Corp DE owned approximately 0.32% of Oportun Financial at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in OPRT. Meros Investment Management LP bought a new stake in shares of Oportun Financial during the 2nd quarter valued at approximately $6,425,069. Bank of New York Mellon Corp acquired a new position in Oportun Financial during the 2nd quarter worth approximately $1,230,000. Dimensional Fund Advisors LP lifted its stake in Oportun Financial by 20.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,363,788 shares of the company's stock valued at $6,287,000 after purchasing an additional 234,723 shares during the last quarter. Lazard Asset Management LLC bought a new position in Oportun Financial in the 1st quarter valued at approximately $1,268,000. Finally, BlackRock Inc. acquired a new stake in Oportun Financial in the second quarter valued at approximately $19,244,000. Institutional investors own 82.70% of the company's stock.

Insider Buying and Selling at Oportun Financial

In related news, insider Kathleen Layton sold 4,223 shares of Oportun Financial stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $7.80, for a total value of $32,939.40. Following the sale, the insider owned 292,006 shares of the company's stock, valued at approximately $2,277,646.80. The trade was a 1.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 7,082 shares of company stock worth $55,240. 1.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

OPRT has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Oportun Financial from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 26th. Weiss Ratings upgraded shares of Oportun Financial from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, September 16th. Finally, Stephens boosted 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. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $7.33.

Oportun Financial Trading Up 1.5%

Shares of NASDAQ:OPRT opened at $8.35 on Friday. The stock has a market cap of $384.02 million, a PE ratio of 20.88 and a beta of 1.25. The stock's fifty day simple moving average is $7.50 and its two-hundred day simple moving average is $6.07. Oportun Financial Corporation has a 1-year low of $4.03 and a 1-year high of $8.66.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. The company 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. On average, sell-side analysts forecast that Oportun Financial Corporation will post 1.28 earnings per share for the current fiscal year.

About Oportun Financial

Oportun Financial Corporation is a financial technology company that provides credit and other financial services to consumers who may have limited access to traditional banking products. The company focuses on using technology and data-driven underwriting to offer more accessible and affordable financial solutions.

Oportun's products have included unsecured personal loans, credit cards and savings services. Its personal loans are designed to provide borrowers with installment financing for needs such as debt consolidation, home expenses and unexpected costs.

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