Insider Selling: Oportun Financial (NASDAQ:OPRT) Insider Sells 4,214 Shares of Stock

Key Points

• Oportun Financial insider Kathleen Layton sold 4,214 shares at an average price of $6.64, representing a 2.58% decrease in her ownership.
• The company's stock is currently trading around $6.32, with a 12-month high of $9.24 and a market capitalization of $278.14 million.
• Analysts have recently upgraded Oportun Financial to a "strong-buy" rating, with a consensus target price of $9.33.

Oportun Financial Corporation (NASDAQ:OPRT - Get Free Report) insider Kathleen Layton sold 4,214 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $6.64, for a total value of $27,980.96. Following the completion of the sale, the insider owned 159,184 shares of the company's stock, valued at $1,056,981.76. This trade represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Oportun Financial Price Performance

Shares of Oportun Financial stock traded down $0.12 during trading hours on Thursday, hitting $6.32. The company's stock had a trading volume of 1,159,568 shares, compared to its average volume of 544,657. Oportun Financial Corporation has a 12 month low of $2.37 and a 12 month high of $9.24. The stock has a 50 day moving average of $6.39 and a 200 day moving average of $6.16. The company has a market capitalization of $278.14 million, a PE ratio of -31.60 and a beta of 1.33.

Analysts Set New Price Targets

OPRT has been the subject of several recent research reports. Wall Street Zen raised Oportun Financial from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Stephens assumed coverage on Oportun Financial in a research report on Thursday, June 12th. They set an "overweight" rating and a $10.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price target on Oportun Financial from $7.00 to $8.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.33.

Institutional Trading of Oportun Financial

Hedge funds have recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. acquired a new stake in Oportun Financial during the 4th quarter worth approximately $319,000. Millennium Management LLC lifted its holdings in Oportun Financial by 7.4% during the 4th quarter. Millennium Management LLC now owns 1,502,970 shares of the company's stock worth $5,832,000 after purchasing an additional 104,186 shares during the last quarter. Jane Street Group LLC acquired a new stake in Oportun Financial during the 4th quarter worth approximately $219,000. Jump Financial LLC acquired a new stake in Oportun Financial during the 1st quarter worth approximately $395,000. Finally, Two Sigma Advisers LP lifted its holdings in Oportun Financial by 11.7% during the 4th quarter. Two Sigma Advisers LP now owns 508,500 shares of the company's stock worth $1,973,000 after purchasing an additional 53,400 shares during the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.

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.

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