Oportun Financial (NASDAQ:OPRT) Insider Patrick Kirscht Sells 54,299 Shares

Oportun Financial Corporation (NASDAQ:OPRT) insider Patrick Kirscht sold 54,299 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $4.90, for a total value of $266,065.10. Following the sale, the insider owned 439,618 shares in the company, valued at approximately $2,154,128.20. This trade represents a 10.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Oportun Financial Stock Performance

Oportun Financial stock traded down $0.10 during midday trading on Thursday, reaching $4.58. 729,333 shares of the company were exchanged, compared to its average volume of 612,367. The company has a market capitalization of $203.81 million, a price-to-earnings ratio of 8.64 and a beta of 1.18. Oportun Financial Corporation has a 1 year low of $4.05 and a 1 year high of $7.97. The firm’s 50-day simple moving average is $5.26 and its 200-day simple moving average is $5.52.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $247.80 million during the quarter, compared to analyst estimates of $243.48 million. Oportun Financial had a net margin of 2.64% and a return on equity of 14.82%. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. On average, analysts forecast that Oportun Financial Corporation will post 0.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Oportun Financial

Several large investors have recently bought and sold shares of OPRT. Kemnay Advisory Services Inc. bought a new stake in shares of Oportun Financial in the 4th quarter worth $28,000. Clearstead Advisors LLC boosted its holdings in shares of Oportun Financial by 192.9% in the fourth 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. Police & Firemen s Retirement System of New Jersey purchased a new position in Oportun Financial during the 2nd quarter worth approximately $55,000. State of Alaska Department of Revenue purchased a new position in shares of Oportun Financial during the fourth quarter valued at $58,000. Finally, Virtu Financial LLC acquired a new position in Oportun Financial in the 3rd quarter valued at approximately $64,000. Institutional investors and hedge funds own 82.70% of the company’s stock.

Wall Street Analyst Weigh In

OPRT has been the subject of a number of research analyst reports. Wall Street Zen downgraded Oportun Financial from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Oportun Financial in a research note on Monday, December 29th. JPMorgan Chase & Co. raised Oportun Financial from an “underweight” rating to a “neutral” rating and set a $5.50 target price on the stock in a research report on Monday, January 12th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $9.00 price target on shares of Oportun Financial in a report on Friday, February 27th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.17.

About Oportun Financial

Oportun Financial Corporation (NASDAQ: OPRT) is a financial technology company that provides consumer lending products aimed at serving the underbanked and credit-invisible population in the United States. Headquartered in Redwood City, California, Oportun operates a digital platform that enables borrowers to access credit through unsecured personal installment loans, secured credit-builder loans and a proprietary mobile wallet. The company leverages machine learning and alternative data sources to assess creditworthiness, extending financial services to customers with limited or no traditional credit history.

The company’s core offerings include fixed-term installment loans designed to help individuals cover unexpected expenses, consolidate debt or build credit.