Oportun Financial Co. (NASDAQ:OPRT) Insider Sells $31,931.40 in Stock

Oportun Financial Co. (NASDAQ:OPRT) insider Patrick Kirscht sold 8,403 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $3.80, for a total transaction of $31,931.40. Following the completion of the transaction, the insider now directly owns 333,360 shares of the company’s stock, valued at approximately $1,266,768. The trade was a 2.46 % 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.

Oportun Financial Trading Up 0.8 %

Shares of OPRT opened at $3.90 on Friday. The stock has a market capitalization of $140.29 million, a price-to-earnings ratio of -1.18 and a beta of 1.17. Oportun Financial Co. has a 12 month low of $2.05 and a 12 month high of $4.60. The firm has a fifty day simple moving average of $3.12 and a 200 day simple moving average of $2.99.

Wall Street Analyst Weigh In

Separately, Singular Research upgraded Oportun Financial to a “strong-buy” rating in a report on Friday, September 20th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

Institutional Investors Weigh In On Oportun Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acuitas Investments LLC acquired a new stake in shares of Oportun Financial in the second quarter valued at about $1,577,000. RBF Capital LLC grew its stake in Oportun Financial by 82.9% in the third quarter. RBF Capital LLC now owns 978,079 shares of the company’s stock valued at $2,748,000 after purchasing an additional 443,177 shares in the last quarter. Millennium Management LLC increased its position in shares of Oportun Financial by 26.4% during the 2nd quarter. Millennium Management LLC now owns 1,507,012 shares of the company’s stock worth $4,370,000 after purchasing an additional 314,553 shares during the last quarter. Long Focus Capital Management LLC raised its stake in shares of 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 worth $5,048,000 after purchasing an additional 99,197 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Oportun Financial by 53.3% in the 2nd quarter. Marshall Wace LLP now owns 274,969 shares of the company’s stock valued at $797,000 after buying an additional 95,637 shares during the last quarter. 82.70% of the stock is owned by institutional investors.

About Oportun Financial

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.