Oportun Financial Corporation $OPRT Shares Sold by Cannell Capital LLC

Cannell Capital LLC trimmed its holdings in shares of Oportun Financial Corporation (NASDAQ:OPRT) by 8.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,470,870 shares of the company’s stock after selling 130,374 shares during the period. Oportun Financial comprises approximately 1.4% of Cannell Capital LLC’s holdings, making the stock its 13th biggest holding. Cannell Capital LLC owned 3.33% of Oportun Financial worth $9,075,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Oportun Financial by 30.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,106,640 shares of the company’s stock valued at $12,998,000 after buying an additional 490,608 shares in the last quarter. Millennium Management LLC increased its position in Oportun Financial by 28.9% during the first quarter. Millennium Management LLC now owns 1,936,797 shares of the company’s stock worth $10,633,000 after buying an additional 433,827 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Oportun Financial by 17.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,012,114 shares of the company’s stock worth $6,245,000 after acquiring an additional 147,319 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Oportun Financial by 131.6% in the second quarter. Geode Capital Management LLC now owns 776,844 shares of the company’s stock worth $5,563,000 after acquiring an additional 441,392 shares during the last quarter. Finally, CenterBook Partners LP lifted its position in shares of Oportun Financial by 70.1% in the third quarter. CenterBook Partners LP now owns 700,833 shares of the company’s stock valued at $4,324,000 after acquiring an additional 288,815 shares in the last quarter. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Oportun Financial Stock Down 7.0%

OPRT stock opened at $4.26 on Friday. The stock has a market capitalization of $189.57 million, a price-to-earnings ratio of 8.04 and a beta of 1.18. Oportun Financial Corporation has a 52-week low of $4.05 and a 52-week high of $7.97. The stock’s fifty day simple moving average is $5.23 and its 200-day simple moving average is $5.49.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. upgraded Oportun Financial from an “underweight” rating to a “neutral” rating and set a $5.50 price objective for the company in a research report on Monday, January 12th. BTIG Research restated a “buy” rating and issued a $9.00 target price on shares of Oportun Financial in a report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oportun Financial in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Oportun Financial from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Two investment 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 data from MarketBeat.com, Oportun Financial presently has a consensus rating of “Hold” and a consensus target price of $8.17.

Insider Activity at Oportun Financial

In related news, insider Patrick Kirscht sold 54,299 shares of the firm’s stock in a transaction that occurred 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 directly owned 439,618 shares of the company’s stock, valued at approximately $2,154,128.20. This trade represents a 10.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kathleen I. Layton sold 19,355 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $4.90, for a total transaction of $94,839.50. Following the completion of the sale, the insider owned 225,872 shares of the company’s stock, valued at approximately $1,106,772.80. The trade was a 7.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 9.30% of the stock is currently owned by company insiders.

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.