Dimensional Fund Advisors LP grew its holdings in shares of Oportun Financial Corporation (NASDAQ:OPRT - Free Report) by 20.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,363,788 shares of the company's stock after buying an additional 234,723 shares during the quarter. Dimensional Fund Advisors LP owned 2.98% of Oportun Financial worth $6,287,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Rhumbline Advisers boosted its stake in Oportun Financial by 5.8% during the 3rd quarter. Rhumbline Advisers now owns 51,467 shares of the company's stock valued at $318,000 after acquiring an additional 2,817 shares during the last quarter. Flaharty Asset Management LLC grew its holdings in Oportun Financial by 23.1% during the 4th quarter. Flaharty Asset Management LLC now owns 16,000 shares of the company's stock worth $85,000 after acquiring an additional 3,000 shares in the last quarter. Clearstead Advisors LLC increased its position in shares of Oportun Financial by 192.9% in the 4th quarter. Clearstead Advisors LLC now owns 5,574 shares of the company's stock worth $29,000 after purchasing 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 worth about $28,000. Finally, Mackenzie Financial Corp raised its stake 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 purchasing an additional 5,908 shares in the last quarter. Institutional investors and hedge funds own 82.70% of the company's stock.
Analyst Upgrades and Downgrades
OPRT has been the subject of several research analyst reports. Stephens boosted their price objective on Oportun Financial from $7.00 to $8.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Wall Street Zen raised Oportun Financial from a "hold" rating to a "strong-buy" rating in a report on Saturday. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Oportun Financial in a research report on Wednesday, June 24th. 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 stock. According to data from MarketBeat.com, Oportun Financial presently has an average rating of "Hold" and an average price target of $7.33.
Check Out Our Latest Stock Report on OPRT
Oportun Financial Trading Down 1.8%
NASDAQ:OPRT opened at $7.60 on Wednesday. The firm has a market capitalization of $349.52 million, a PE ratio of 19.00 and a beta of 1.22. The stock has a 50 day moving average of $5.72 and a 200-day moving average of $5.40. Oportun Financial Corporation has a 52 week low of $4.03 and a 52 week high of $8.30.
Oportun Financial (NASDAQ:OPRT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.09. The business had revenue of $233.23 million for the quarter, compared to analysts' expectations of $230.68 million. Oportun Financial had a return on equity of 13.55% and a net margin of 2.05%.Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. As a group, analysts predict that Oportun Financial Corporation will post 1.24 EPS for the current fiscal year.
Oportun Financial Company Profile
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Free Report)
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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