CenterBook Partners LP Acquires 868,310 Shares of Oportun Financial Corporation $OPRT

CenterBook Partners LP acquired a new position in Oportun Financial Corporation (NASDAQ:OPRT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 868,310 shares of the company’s stock, valued at approximately $7,068,000. CenterBook Partners LP owned approximately 1.89% of Oportun Financial as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC purchased a new position in Oportun Financial in the third quarter worth about $93,000. Vise Technologies Inc. bought a new stake in shares of Oportun Financial in the 3rd quarter valued at approximately $110,000. State of Wyoming lifted its stake in shares of Oportun Financial by 46.4% in the 3rd quarter. State of Wyoming now owns 19,400 shares of the company’s stock valued at $158,000 after purchasing an additional 6,146 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Oportun Financial in the 2nd quarter worth approximately $112,000. Finally, AXQ Capital LP purchased a new position in shares of Oportun Financial in the 2nd quarter worth approximately $78,000. 82.70% of the stock is currently owned by institutional investors.

Insider Transactions at Oportun Financial

In related news, insider Kathleen Layton sold 4,223 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $7.80, for a total transaction of $32,939.40. Following the completion of the transaction, the insider owned 292,006 shares in the company, valued at $2,277,646.80. The trade was a 1.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 7,082 shares of company stock worth $55,240. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

OPRT has been the topic of several analyst reports. Stephens boosted their target price on Oportun Financial from $12.00 to $14.00 and gave the company an “overweight” rating in a research report on Wednesday. Wall Street Zen upgraded Oportun Financial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 24th. Jefferies Financial Group raised their price target on Oportun Financial from $6.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, October 7th. Finally, Weiss Ratings raised shares of Oportun Financial from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.25.

Oportun Financial Stock Down 2.5%

NASDAQ:OPRT traded down $0.29 during mid-day trading on Friday, hitting $11.31. 617,491 shares of the stock traded hands, compared to its average volume of 666,736. Oportun Financial Corporation has a 52 week low of $4.03 and a 52 week high of $13.34. The stock has a market capitalization of $520.15 million, a price-to-earnings ratio of 15.28 and a beta of 1.29. The firm’s 50 day moving average is $8.75 and its two-hundred day moving average is $6.36.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.05. The business had revenue of $246.28 million during the quarter, compared to the consensus estimate of $237.87 million. Oportun Financial had a net margin of 2.05% and a return on equity of 13.41%. As a group, research analysts predict that Oportun Financial Corporation will post 1.28 EPS for the current year.

Oportun Financial Profile

Oportun Financial Corp. is a financial technology company that provides credit products and related financial services to consumers in the United States, with a particular focus on serving Hispanic and other traditionally underserved communities. The company uses data-driven underwriting and digital tools to offer customers access to credit, including borrowers who may have limited credit histories.

Oportun’s primary products have included unsecured personal loans and credit cards. Through its digital platform and customer service channels, the company has also provided tools intended to help consumers manage borrowing, make payments and build or strengthen their credit profiles.

Founded in 2005 as Progreso Financiero, the company adopted the Oportun name in 2015 and became a publicly traded company in 2019.