Oportun Financial (NASDAQ:OPRT) Insider Sells 4,223 Shares

Key Points

• Insider sale: Kathleen Layton sold 4,223 Oportun Financial shares at an average price of $7.80, reducing her ownership by 1.43% to 292,006 shares.
• Stock performance and earnings: OPRT shares rose 2.9% to $8.10 and were near their 52-week high. The company exceeded quarterly earnings and revenue expectations, reporting $0.42 in EPS versus the $0.33 consensus estimate.
• Mixed analyst sentiment: Analysts have an overall “Hold” rating with a $7.33 consensus price target, while institutional investors own 82.7% of the company’s shares.

Oportun Financial Corporation (NASDAQ:OPRT - Get Free Report) insider Kathleen Layton sold 4,223 shares of Oportun Financial stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $7.80, for a total transaction 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. This trade represents a 1.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Oportun Financial Stock Up 2.9%

Shares of NASDAQ:OPRT traded up $0.23 during trading on Monday, reaching $8.10. The stock had a trading volume of 381,162 shares, compared to its average volume of 518,111. The stock has a market cap of $372.52 million, a P/E ratio of 20.25 and a beta of 1.24. The business has a fifty day moving average price of $6.76 and a 200-day moving average price of $5.75. Oportun Financial Corporation has a fifty-two week low of $4.03 and a fifty-two week high of $8.30.

Oportun Financial (NASDAQ:OPRT - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. The firm had revenue of $233.23 million during the quarter, compared to analysts' expectations 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. As a group, equities analysts forecast that Oportun Financial Corporation will post 1.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on OPRT. Wall Street Zen upgraded shares of Oportun Financial from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. Weiss Ratings restated a "sell (d+)" rating on shares of Oportun Financial in a report on Wednesday, June 24th. Finally, Stephens upped 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 equities research 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. According to MarketBeat, Oportun Financial presently has an average rating of "Hold" and a consensus price target of $7.33.

Institutional Investors Weigh In On Oportun Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in OPRT. BlackRock Inc. acquired a new position in shares of Oportun Financial in the 2nd quarter valued at about $19,244,000. Dimensional Fund Advisors LP increased its position in Oportun Financial by 20.8% during the 1st 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. Meros Investment Management LP acquired a new stake in Oportun Financial during the 2nd quarter worth approximately $6,425,069. Lazard Asset Management LLC purchased a new position in Oportun Financial in the first quarter valued at approximately $1,268,000. Finally, Berger Financial Group Inc raised its holdings in Oportun Financial by 23.9% in the first quarter. Berger Financial Group Inc now owns 243,575 shares of the company's stock valued at $1,123,000 after buying an additional 47,032 shares during the period. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Oportun Financial Company Profile

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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