Boothbay Fund Management LLC Trims Stake in Oportun Financial Corporation $OPRT

Boothbay Fund Management LLC reduced its stake in Oportun Financial Corporation (NASDAQ:OPRT) by 24.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 781,360 shares of the company’s stock after selling 251,383 shares during the quarter. Boothbay Fund Management LLC owned approximately 1.77% of Oportun Financial worth $4,821,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of OPRT. Cannell Capital LLC increased its position in Oportun Financial by 7,067.0% in the second quarter. Cannell Capital LLC now owns 1,601,244 shares of the company’s stock worth $11,465,000 after buying an additional 1,578,902 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Oportun Financial by 30.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,106,640 shares of the company’s stock valued at $12,998,000 after buying an additional 490,608 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Oportun Financial by 131.6% during the 2nd quarter. Geode Capital Management LLC now owns 776,844 shares of the company’s stock valued at $5,563,000 after buying an additional 441,392 shares in the last quarter. Millennium Management LLC grew 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 valued at $10,633,000 after acquiring an additional 433,827 shares during the period. Finally, CenterBook Partners LP bought a new position in shares of Oportun Financial during the 2nd quarter valued at approximately $2,950,000. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oportun Financial

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

Oportun Financial Price Performance

OPRT stock opened at $4.26 on Monday. Oportun Financial Corporation has a 1-year low of $4.05 and a 1-year high of $7.97. The business has a 50 day simple moving average of $5.23 and a two-hundred day simple moving average of $5.48. The company has a market capitalization of $189.57 million, a price-to-earnings ratio of 8.04 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 earnings per share (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 firm had revenue of $247.80 million for the quarter, compared to analysts’ expectations of $243.48 million. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. Sell-side analysts anticipate that Oportun Financial Corporation will post 0.94 EPS for the current fiscal year.

Analyst Ratings Changes

OPRT has been the topic of a number of recent analyst reports. BTIG Research restated a “buy” rating and set a $9.00 target price 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 note on Monday, January 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Oportun Financial in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Oportun Financial from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Oportun Financial presently has an average rating of “Hold” and a consensus target price of $8.17.

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.