Meros Investment Management LP Purchases Shares of 1,125,231 Oportun Financial Corporation $OPRT

Meros Investment Management LP bought a new position in Oportun Financial Corporation (NASDAQ:OPRT - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 1,125,231 shares of the company's stock, valued at approximately $6,425,069. Oportun Financial makes up 0.0% of Meros Investment Management LP's investment portfolio, making the stock its 19th largest position. Meros Investment Management LP owned 2.45% of Oportun Financial as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of OPRT. BlackRock Inc. acquired a new position in Oportun Financial in the 2nd quarter valued at about $19,244,000. Vanguard Group Inc. grew its holdings in shares of Oportun Financial by 30.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,106,640 shares of the company's stock valued at $12,998,000 after acquiring an additional 490,608 shares in the last quarter. Millennium Management LLC grew its position in Oportun Financial by 28.9% in the 1st quarter. Millennium Management LLC now owns 1,936,797 shares of the company's stock worth $10,633,000 after purchasing an additional 433,827 shares during the last quarter. Cannell Capital LLC grew its holdings in shares of Oportun Financial by 7,067.0% during the second quarter. Cannell Capital LLC now owns 1,601,244 shares of the company's stock worth $11,465,000 after purchasing an additional 1,578,902 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Oportun Financial by 20.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,363,788 shares of the company's stock worth $6,287,000 after purchasing an additional 234,723 shares in the last quarter. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OPRT has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Oportun Financial in a research report on Wednesday, June 24th. Wall Street Zen upgraded Oportun Financial from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Finally, Stephens upped their price target on Oportun Financial from $7.00 to $8.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Oportun Financial presently has an average rating of "Hold" and a consensus price target of $7.33.

Oportun Financial Stock Down 1.1%

Oportun Financial stock traded down $0.08 during mid-day trading on Friday, reaching $7.40. The company had a trading volume of 132,375 shares, compared to its average volume of 526,072. The firm has a market cap of $340.33 million, a price-to-earnings ratio of 18.50 and a beta of 1.22. Oportun Financial Corporation has a 52 week low of $4.03 and a 52 week high of $8.30. The company has a 50 day moving average of $6.33 and a 200-day moving average of $5.56.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. Oportun Financial had a net margin of 2.05% and a return on equity of 13.41%. The business had revenue of $233.23 million during the quarter, compared to the consensus estimate of $230.68 million. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. On average, analysts predict that Oportun Financial Corporation will post 1.32 earnings per share for the current fiscal year.

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.