Man Group plc Invests $545,000 in Oportun Financial Corporation $OPRT

Man Group plc acquired a new stake in shares of Oportun Financial Corporation (NASDAQ:OPRT) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 95,360 shares of the company’s stock, valued at approximately $545,000. Man Group plc owned about 0.21% of Oportun Financial as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Millennium Management LLC increased its stake in Oportun Financial by 28.9% during the first quarter. Millennium Management LLC now owns 1,936,797 shares of the company’s stock valued at $10,633,000 after acquiring an additional 433,827 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Oportun Financial in the 1st quarter worth approximately $132,000. Goldman Sachs Group Inc. lifted its position in shares of Oportun Financial by 499.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 313,446 shares of the company’s stock worth $1,721,000 after acquiring an additional 261,147 shares during the period. Empowered Funds LLC grew its holdings in shares of Oportun Financial by 7.5% during the 1st quarter. Empowered Funds LLC now owns 124,980 shares of the company’s stock worth $686,000 after purchasing an additional 8,752 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Oportun Financial by 238.6% during the 1st quarter. Jane Street Group LLC now owns 191,066 shares of the company’s stock worth $1,049,000 after purchasing an additional 134,643 shares in the last quarter. Institutional investors own 82.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Oportun Financial Trading Down 0.3%

NASDAQ OPRT opened at $7.41 on Friday. The stock’s 50 day moving average is $6.52 and its two-hundred day moving average is $5.63. The company has a market capitalization of $340.79 million, a price-to-earnings ratio of 18.53 and a beta of 1.24. Oportun Financial Corporation has a 1-year low of $4.03 and a 1-year high of $8.30.

Oportun Financial (NASDAQ:OPRT) last issued its earnings results on Wednesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The business had revenue of $233.23 million during the quarter, compared to analysts’ expectations 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. On average, analysts predict that Oportun Financial Corporation will post 1.32 earnings per share for the current year.

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.