Oportun Financial Co. (NASDAQ:OPRT) CEO Purchases $34,137.84 in Stock

Oportun Financial Co. (NASDAQ:OPRT) CEO Raul Vazquez purchased 8,844 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average price of $3.86 per share, for a total transaction of $34,137.84. Following the acquisition, the chief executive officer now owns 1,257,328 shares in the company, valued at $4,853,286.08. This trade represents a 0.71 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Oportun Financial Trading Down 5.5 %

Shares of NASDAQ OPRT traded down $0.22 during trading hours on Monday, reaching $3.76. The stock had a trading volume of 163,951 shares, compared to its average volume of 229,755. The firm has a 50-day moving average of $2.89 and a 200-day moving average of $2.95. The firm has a market cap of $135.25 million, a price-to-earnings ratio of -1.14 and a beta of 1.10. Oportun Financial Co. has a fifty-two week low of $2.05 and a fifty-two week high of $4.60.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OPRT. Singular Research upgraded Oportun Financial to a “strong-buy” rating in a report on Friday, September 20th. JMP Securities restated a “market perform” rating on shares of Oportun Financial in a report on Monday, August 12th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Oportun Financial currently has an average rating of “Moderate Buy” and a consensus price target of $5.50.

Institutional Trading of Oportun Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC raised its stake in Oportun Financial by 26.4% during the 2nd quarter. Millennium Management LLC now owns 1,507,012 shares of the company’s stock valued at $4,370,000 after acquiring an additional 314,553 shares during the last quarter. Acuitas Investments LLC purchased a new stake in Oportun Financial during the 2nd quarter valued at approximately $1,577,000. Long Focus Capital Management LLC raised its stake in Oportun Financial by 6.0% during the 2nd quarter. Long Focus Capital Management LLC now owns 1,740,777 shares of the company’s stock valued at $5,048,000 after acquiring an additional 99,197 shares during the last quarter. SkyView Investment Advisors LLC raised its stake in Oportun Financial by 28.6% during the 2nd quarter. SkyView Investment Advisors LLC now owns 67,500 shares of the company’s stock valued at $196,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Oportun Financial by 16.1% during the 2nd quarter. Renaissance Technologies LLC now owns 227,000 shares of the company’s stock valued at $658,000 after acquiring an additional 31,415 shares during the last quarter. 82.70% of the stock is owned by hedge funds and other institutional investors.

Oportun Financial Company Profile

Oportun Financial Corporation provides financial services. The company offers personal loans and credit cards. It serves customers through online and over the phone, as well as through retail and Lending as a Service partner locations. The company was founded in 2005 and is headquartered in San Carlos, California.