Bank of New York Mellon Corp Makes New $1.23 Million Investment in Oportun Financial Corporation $OPRT

Key Points

• Bank of New York Mellon acquired 215,338 Oportun Financial shares worth approximately $1.23 million, giving it a 0.47% stake. Institutional investors collectively own 82.7% of OPRT.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $7.33 price target, despite Stephens raising its target to $8 and Wall Street Zen upgrading the stock to “strong buy.”
• Oportun reported quarterly EPS of $0.42, beating estimates by $0.09, while revenue of $233.23 million also exceeded expectations. The stock opened at $7.78, near its 52-week high of $8.30.

Bank of New York Mellon Corp bought a new stake in shares of Oportun Financial Corporation (NASDAQ:OPRT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 215,338 shares of the company's stock, valued at approximately $1,230,000. Bank of New York Mellon Corp owned approximately 0.47% of Oportun Financial at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in OPRT. Rhumbline Advisers grew its stake in Oportun Financial by 5.8% in the third quarter. Rhumbline Advisers now owns 51,467 shares of the company's stock valued at $318,000 after purchasing an additional 2,817 shares during the last quarter. Flaharty Asset Management LLC lifted its position in shares of Oportun Financial by 23.1% during the fourth quarter. Flaharty Asset Management LLC now owns 16,000 shares of the company's stock valued at $85,000 after buying an additional 3,000 shares during the last quarter. Clearstead Advisors LLC lifted its position in shares of Oportun Financial by 192.9% during the fourth quarter. Clearstead Advisors LLC now owns 5,574 shares of the company's stock valued at $29,000 after buying an additional 3,671 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Oportun Financial in the 4th quarter valued at about $28,000. Finally, Mackenzie Financial Corp boosted its holdings in shares of Oportun Financial by 11.7% in the 3rd quarter. Mackenzie Financial Corp now owns 56,477 shares of the company's stock valued at $348,000 after buying an additional 5,908 shares in the last quarter. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on OPRT shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of Oportun Financial in a research note on Wednesday, June 24th. Stephens raised their target price on shares of Oportun Financial from $7.00 to $8.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Finally, Wall Street Zen raised shares of Oportun Financial from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $7.33.

Oportun Financial Stock Performance

NASDAQ:OPRT opened at $7.78 on Thursday. The firm's fifty day moving average is $6.69 and its two-hundred day moving average is $5.71. The firm has a market cap of $357.80 million, a price-to-earnings ratio of 19.45 and a beta of 1.24. Oportun Financial Corporation has a one year low of $4.03 and a one year high of $8.30.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last issued its quarterly earnings data 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 during 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. As a group, equities research analysts predict that Oportun Financial Corporation will post 1.32 earnings per share for the current fiscal year.

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.

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