Oportun Financial (NASDAQ:OPRT) Insider Kathleen Layton Sells 4,223 Shares of Stock

Oportun Financial Corporation (NASDAQ:OPRT) insider Kathleen Layton sold 4,223 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $7.80, for a total transaction of $32,939.40. Following the completion of the transaction, the insider owned 292,006 shares in the company, valued at approximately $2,277,646.80. This represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Oportun Financial Stock Up 2.9%

Shares of OPRT stock opened at $8.10 on Tuesday. Oportun Financial Corporation has a 12-month low of $4.03 and a 12-month high of $8.30. The firm has a 50 day moving average price of $6.81 and a two-hundred day moving average price of $5.77. The company has a market capitalization of $372.49 million, a PE ratio of 20.25 and a beta of 1.24.

Oportun Financial (NASDAQ:OPRT) last announced its 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 company had revenue of $233.23 million for the quarter, compared to analyst estimates of $230.68 million. Oportun Financial had a return on equity of 13.41% and a net margin of 2.05%.Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. As a group, research analysts expect that Oportun Financial Corporation will post 1.32 EPS for the current year.

Wall Street Analysts Forecast Growth

OPRT has been the topic of a number of recent analyst reports. Stephens raised their price target on Oportun Financial from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Oportun Financial in a report on Wednesday, June 24th. Finally, Wall Street Zen raised Oportun Financial from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.33.

Hedge Funds Weigh In On Oportun Financial

Several institutional investors have recently made changes to their positions in the stock. Clearstead Advisors LLC raised its stake in Oportun Financial by 192.9% during the 4th quarter. Clearstead Advisors LLC now owns 5,574 shares of the company’s stock worth $29,000 after buying an additional 3,671 shares during the period. Pinnacle Holdings LLC purchased a new stake in Oportun Financial in the 2nd quarter valued at $33,000. The Manufacturers Life Insurance Company bought a new position in shares of Oportun Financial during the second quarter valued at about $66,000. Abel Hall LLC bought a new position in shares of Oportun Financial during the 1st quarter worth approximately $57,000. Finally, Canada Pension Plan Investment Board bought a new stake in Oportun Financial during the second quarter worth $74,000. Institutional investors and hedge funds own 82.70% of the company’s stock.

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.