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

Oportun Financial Corporation (NASDAQ:OPRTGet Free Report) insider Kathleen Layton sold 4,223 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $7.80, for a total value of $32,939.40. Following the sale, the insider owned 292,006 shares in the company, valued at approximately $2,277,646.80. The trade was a 1.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Oportun Financial Stock Up 2.9%

Shares of OPRT traded up $0.23 during mid-day trading on Monday, reaching $8.10. 381,162 shares of the stock traded hands, compared to its average volume of 518,111. The stock has a fifty day simple moving average of $6.76 and a 200 day simple moving average of $5.75. Oportun Financial Corporation has a 12-month low of $4.03 and a 12-month high of $8.30. The firm has a market cap of $372.52 million, a price-to-earnings ratio of 20.25 and a beta of 1.24.

Oportun Financial (NASDAQ:OPRTGet Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Oportun Financial had a net margin of 2.05% and a return on equity of 13.41%. The business had revenue of $233.23 million during the quarter, compared to analyst estimates of $230.68 million. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. On average, equities research analysts expect that Oportun Financial Corporation will post 1.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Stephens lifted their target price 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 reissued a “sell (d+)” rating on shares of Oportun Financial in a report on Wednesday, June 24th. Finally, Wall Street Zen upgraded Oportun Financial from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.33.

Read Our Latest Research Report on OPRT

Institutional Trading of Oportun Financial

Several institutional investors have recently added to or reduced their stakes in OPRT. Squarepoint Ops LLC bought a new position in Oportun Financial during the 2nd quarter valued at $112,000. AXQ Capital LP acquired a new position in Oportun Financial during the 2nd quarter worth $78,000. Empowered Funds LLC bought a new stake in shares of Oportun Financial in the 2nd quarter worth about $1,162,000. Bank of America Corp DE bought a new stake in shares of Oportun Financial in the 2nd quarter worth about $840,000. Finally, Man Group plc acquired a new stake in shares of Oportun Financial in the 2nd quarter valued at about $545,000. 82.70% of the stock is owned by institutional investors and hedge funds.

Oportun Financial Company Profile

(Get Free Report)

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.

Further Reading

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