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

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

Oportun Financial Price Performance

OPRT traded up $0.08 during trading on Monday, reaching $4.34. 482,764 shares of the company’s stock were exchanged, compared to its average volume of 610,085. Oportun Financial has a 1 year low of $4.05 and a 1 year high of $7.97. The company’s fifty day simple moving average is $5.23 and its 200-day simple moving average is $5.48. The stock has a market capitalization of $193.13 million, a P/E ratio of 8.19 and a beta of 1.18.

Oportun Financial (NASDAQ:OPRT) last released its quarterly earnings data 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 net margin of 2.64% and a return on equity of 14.82%. The business had revenue of $247.80 million for the quarter, compared to the consensus estimate of $243.48 million. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. Equities analysts forecast that Oportun Financial will post 0.94 EPS for the current year.

Insider Buying and Selling at Oportun Financial

In related news, insider Patrick Kirscht sold 54,299 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $4.90, for a total transaction of $266,065.10. Following the transaction, the insider directly owned 439,618 shares in the company, valued at $2,154,128.20. The trade was a 10.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kathleen I. Layton sold 19,355 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $4.90, for a total value of $94,839.50. Following the transaction, the insider directly owned 225,872 shares in the company, valued at $1,106,772.80. This represents a 7.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 9.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OPRT. Millennium Management LLC raised its stake 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 worth $10,633,000 after buying an additional 433,827 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Oportun Financial in the first quarter worth approximately $132,000. Goldman Sachs Group Inc. increased its position in shares of Oportun Financial by 499.3% during the first quarter. Goldman Sachs Group Inc. now owns 313,446 shares of the company’s stock worth $1,721,000 after purchasing an additional 261,147 shares in the last quarter. Empowered Funds LLC raised its stake in Oportun Financial by 7.5% in the 1st quarter. Empowered Funds LLC now owns 124,980 shares of the company’s stock valued at $686,000 after purchasing an additional 8,752 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in Oportun Financial by 238.6% in the 1st quarter. Jane Street Group LLC now owns 191,066 shares of the company’s stock valued at $1,049,000 after purchasing an additional 134,643 shares during the last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. BTIG Research restated a “buy” rating and set a $9.00 price target on shares of Oportun Financial in a research note on Friday, February 27th. JPMorgan Chase & Co. raised shares of 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. Wall Street Zen cut shares of Oportun Financial from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Oportun Financial in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.17.

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.