Lazard Asset Management LLC Takes $1.27 Million Position in Oportun Financial Corporation $OPRT

Lazard Asset Management LLC bought a new stake in shares of Oportun Financial Corporation (NASDAQ:OPRT) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 274,968 shares of the company’s stock, valued at approximately $1,268,000.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Oportun Financial by 30.4% in the third quarter. Vanguard Group Inc. now owns 2,106,640 shares of the company’s stock worth $12,998,000 after acquiring an additional 490,608 shares in the last quarter. Millennium Management LLC boosted its position in shares of Oportun Financial by 28.9% during the 1st quarter. Millennium Management LLC now owns 1,936,797 shares of the company’s stock valued at $10,633,000 after purchasing an additional 433,827 shares in the last quarter. Cannell Capital LLC boosted its position in shares of Oportun Financial by 7,067.0% during the 2nd quarter. Cannell Capital LLC now owns 1,601,244 shares of the company’s stock valued at $11,465,000 after purchasing an additional 1,578,902 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Oportun Financial by 20.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,363,788 shares of the company’s stock worth $6,287,000 after purchasing an additional 234,723 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Oportun Financial by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 1,266,447 shares of the company’s stock worth $6,701,000 after purchasing an additional 89,540 shares during the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.

Oportun Financial Stock Performance

Oportun Financial stock opened at $6.01 on Wednesday. Oportun Financial Corporation has a twelve month low of $4.03 and a twelve month high of $7.33. The firm has a market cap of $275.86 million, a PE ratio of 16.24 and a beta of 1.22. The firm’s 50 day moving average price is $5.50 and its two-hundred day moving average price is $5.31.

Oportun Financial (NASDAQ:OPRT) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Oportun Financial had a net margin of 1.87% and a return on equity of 12.14%. The business had revenue of $228.76 million for the quarter, compared to analysts’ expectations of $228.58 million. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. Equities analysts anticipate that Oportun Financial Corporation will post 1.24 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Oportun Financial from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.00.

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.