Oportun Financial Corporation (NASDAQ:OPRT) Sees Significant Drop in Short Interest

Oportun Financial Corporation (NASDAQ:OPRT) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 1,256,241 shares, a decline of 20.2% from the February 12th total of 1,574,423 shares. Currently, 3.1% of the company’s shares are short sold. Based on an average trading volume of 604,842 shares, the short-interest ratio is currently 2.1 days. Based on an average trading volume of 604,842 shares, the short-interest ratio is currently 2.1 days. Currently, 3.1% of the company’s shares are short sold.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wall Street Zen lowered shares of Oportun Financial from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings reissued a “sell (d+)” rating on shares of Oportun Financial in a research report on Monday, December 29th. JPMorgan Chase & Co. upgraded shares of Oportun Financial from an “underweight” rating to a “neutral” rating and set a $5.50 price objective on the stock in a report on Monday, January 12th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Oportun Financial in a research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.17.

Oportun Financial Price Performance

NASDAQ:OPRT traded down $0.32 during trading hours on Friday, reaching $4.26. 627,940 shares of the stock were exchanged, compared to its average volume of 686,553. Oportun Financial has a twelve month low of $4.05 and a twelve month high of $7.97. The firm has a 50 day moving average of $5.23 and a 200 day moving average of $5.49. The stock has a market cap of $189.57 million, a PE ratio of 8.04 and a beta of 1.18.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $247.80 million for the quarter, compared to the consensus estimate 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. Equities research analysts anticipate that Oportun Financial will post 0.94 earnings per share for the current year.

Insider Transactions at Oportun Financial

In other news, insider Kathleen I. Layton sold 19,355 shares of Oportun Financial stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $4.90, for a total transaction of $94,839.50. Following the transaction, the insider owned 225,872 shares in the company, valued at $1,106,772.80. The trade was a 7.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Patrick Kirscht sold 54,299 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 value of $266,065.10. Following the completion of the transaction, the insider owned 439,618 shares of the company’s stock, valued at $2,154,128.20. This represents a 10.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 9.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oportun Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. acquired a new position in shares of Oportun Financial during the 4th quarter worth about $28,000. Clearstead Advisors LLC increased its position 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 valued at $29,000 after acquiring an additional 3,671 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Oportun Financial in the second quarter valued at about $55,000. State of Alaska Department of Revenue bought a new stake in Oportun Financial during the fourth quarter worth about $58,000. Finally, Virtu Financial LLC acquired a new position in Oportun Financial during the third quarter valued at approximately $64,000. 82.70% of the stock is owned by institutional investors.

Oportun Financial Company Profile

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.