Empowered Funds LLC Invests $1.16 Million in Oportun Financial Corporation $OPRT

Empowered Funds LLC acquired a new stake in shares of Oportun Financial Corporation (NASDAQ:OPRT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 203,478 shares of the company’s stock, valued at approximately $1,162,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of OPRT. Kemnay Advisory Services Inc. purchased a new stake in shares of Oportun Financial in the fourth quarter worth $28,000. Clearstead Advisors LLC grew its holdings in shares of Oportun Financial by 192.9% during the fourth quarter. Clearstead Advisors LLC now owns 5,574 shares of the company’s stock worth $29,000 after purchasing an additional 3,671 shares in the last quarter. Pinnacle Holdings LLC bought a new position in shares of Oportun Financial in the 2nd quarter worth $33,000. Abel Hall LLC bought a new position in Oportun Financial in the first quarter valued at $57,000. Finally, Virtu Financial LLC purchased a new stake in Oportun Financial during the third quarter valued at about $64,000. Institutional investors own 82.70% of the company’s stock.

Oportun Financial Stock Up 6.2%

Shares of NASDAQ OPRT opened at $7.87 on Friday. The firm’s fifty day moving average is $6.56 and its 200 day moving average is $5.65. Oportun Financial Corporation has a 52 week low of $4.03 and a 52 week high of $8.30. The company has a market cap of $361.94 million, a price-to-earnings ratio of 19.68 and a beta of 1.24.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate 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 net margin of 2.05% and a return on equity of 13.41%. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. Equities research analysts anticipate that Oportun Financial Corporation will post 1.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

OPRT has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Oportun Financial in a research report on Wednesday, June 24th. Stephens upped their target price on Oportun Financial from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Oportun Financial from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7.33.

Oportun Financial 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.