Oportun Financial Corporation $OPRT Shares Sold by Boothbay Fund Management LLC

Key Points

• Boothbay Fund Management LLC reduced its stake in Oportun Financial Corporation by 9.3%, owning approximately 1.3 million shares worth about $7.2 million after selling 134,643 shares.
• Notably, several institutional investors have also recently adjusted their holdings, with D. E. Shaw & Co. acquiring a new position and Millennium Management increasing its stake by 7.4%.
• Oportun Financial's stock received a rating upgrade from Wall Street Zen to "strong-buy," with a consensus price target of $9.33, reflecting positive sentiment among analysts.

Boothbay Fund Management LLC trimmed its holdings in shares of Oportun Financial Corporation (NASDAQ:OPRT - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,313,957 shares of the company's stock after selling 134,643 shares during the quarter. Boothbay Fund Management LLC owned 3.50% of Oportun Financial worth $7,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new position in Oportun Financial during the 4th quarter worth $79,000. Balyasny Asset Management L.P. purchased a new position in Oportun Financial during the 4th quarter worth $80,000. Charles Schwab Investment Management Inc. purchased a new position in Oportun Financial during the 1st quarter worth $88,000. Barclays PLC lifted its position in Oportun Financial by 26.5% during the 4th quarter. Barclays PLC now owns 24,447 shares of the company's stock worth $96,000 after acquiring an additional 5,114 shares during the period. Finally, Telos Capital Management Inc. lifted its position in Oportun Financial by 50.0% during the 1st quarter. Telos Capital Management Inc. now owns 20,015 shares of the company's stock worth $110,000 after acquiring an additional 6,672 shares during the period. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on OPRT shares. Wall Street Zen raised Oportun Financial from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. lifted their price target on Oportun Financial from $7.00 to $8.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Finally, Stephens started coverage on Oportun Financial in a research report on Thursday, June 12th. They set an "overweight" rating and a $10.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.33.

Oportun Financial Stock Down 2.7%

Shares of OPRT stock traded down $0.18 on Friday, hitting $6.57. The company had a trading volume of 471,891 shares, compared to its average volume of 567,532. The firm has a market cap of $289.14 million, a P/E ratio of -32.85 and a beta of 1.33. The company has a 50-day moving average price of $6.41 and a 200-day moving average price of $6.18. Oportun Financial Corporation has a twelve month low of $2.37 and a twelve month high of $9.24.

Oportun Financial Company Profile

Oportun Financial Corporation provides financial services. The company offers personal loans and credit cards. It serves customers through online and over the phone, as well as through retail and Lending as a Service partner locations. The company was founded in 2005 and is headquartered in San Carlos, California.