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 I. Layton sold 4,214 shares of Oportun Financial stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $6.64, for a total value of $27,980.96. Following the sale, the insider directly owned 159,184 shares of the company's stock, valued at approximately $1,056,981.76. The trade was a 2.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Oportun Financial Stock Performance

OPRT remained flat at $6.69 during trading on Tuesday. The company had a trading volume of 467,598 shares, compared to its average volume of 611,842. The stock has a market cap of $294.43 million, a PE ratio of -33.45 and a beta of 1.33. Oportun Financial Corporation has a 52-week low of $2.40 and a 52-week high of $9.24. The firm's fifty day moving average price is $6.34 and its 200-day moving average price is $6.14.

Hedge Funds Weigh In On Oportun Financial

Several large investors have recently made changes to their positions in the business. Summa Corp. lifted its position in shares of Oportun Financial by 0.5% during the 2nd quarter. Summa Corp. now owns 565,338 shares of the company's stock worth $4,048,000 after purchasing an additional 3,000 shares during the last quarter. Barclays PLC lifted its position in shares of 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 purchasing an additional 5,114 shares during the last quarter. Telos Capital Management Inc. lifted its position in shares of 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 purchasing an additional 6,672 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Oportun Financial by 14.1% during the 4th quarter. Bank of America Corp DE now owns 61,193 shares of the company's stock worth $237,000 after purchasing an additional 7,545 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Oportun Financial during the 2nd quarter worth about $55,000. Institutional investors and hedge funds own 82.70% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. 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. JPMorgan Chase & Co. boosted 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, Wall Street Zen raised Oportun Financial from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $9.33.

About Oportun Financial

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.