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

Oportun Financial Corporation (NASDAQ:OPRT) insider Kathleen Layton sold 4,223 shares of the company’s stock in a transaction that occurred 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Oportun Financial Stock Down 3.0%

OPRT stock opened at $7.86 on Wednesday. The company has a 50 day moving average of $6.85 and a two-hundred day moving average of $5.79. The company has a market cap of $361.48 million, a price-to-earnings ratio of 19.65 and a beta of 1.24. Oportun Financial Corporation has a 12-month low of $4.03 and a 12-month high of $8.30.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $230.68 million. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. On average, research analysts anticipate that Oportun Financial Corporation will post 1.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oportun Financial in a research note on Wednesday, June 24th. Wall Street Zen upgraded Oportun Financial from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Stephens raised their price objective on shares of Oportun Financial from $7.00 to $8.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Oportun Financial currently has an average rating of “Hold” and a consensus target price of $7.33.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OPRT. Meros Investment Management LP acquired a new stake in shares of Oportun Financial in the second quarter worth $6,425,069. Dimensional Fund Advisors LP boosted its holdings in Oportun Financial by 20.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,363,788 shares of the company’s stock valued at $6,287,000 after acquiring an additional 234,723 shares during the period. Empowered Funds LLC bought a new stake in Oportun Financial during the second quarter valued at about $1,162,000. Lazard Asset Management LLC acquired a new stake in shares of Oportun Financial in the first quarter valued at about $1,268,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Oportun Financial in the second quarter valued at about $1,230,000. 82.70% of the stock is owned by institutional investors.

About Oportun Financial

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.