Oportun Financial Co. (NASDAQ:OPRT) Director Mohit Daswani Buys 7,420 Shares of Stock

Oportun Financial Co. (NASDAQ:OPRT) Director Mohit Daswani purchased 7,420 shares of Oportun Financial stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $3.90 per share, with a total value of $28,938.00. Following the completion of the purchase, the director now directly owns 41,924 shares of the company’s stock, valued at approximately $163,503.60. This trade represents a 21.50 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Oportun Financial Stock Performance

OPRT stock opened at $3.90 on Friday. The business’s 50-day moving average is $3.12 and its two-hundred day moving average is $2.99. The company has a market cap of $140.29 million, a price-to-earnings ratio of -1.18 and a beta of 1.17. Oportun Financial Co. has a fifty-two week low of $2.05 and a fifty-two week high of $4.60.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Oportun Financial

Institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Oportun Financial during the third quarter valued at approximately $52,000. Flaharty Asset Management LLC boosted its stake in shares of Oportun Financial by 75.0% during the 2nd quarter. Flaharty Asset Management LLC now owns 35,000 shares of the company’s stock worth $102,000 after acquiring an additional 15,000 shares during the last quarter. SkyView Investment Advisors LLC grew its position in shares of 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 period. Empowered Funds LLC increased its stake in shares of Oportun Financial by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 110,620 shares of the company’s stock worth $311,000 after purchasing an additional 5,628 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Oportun Financial by 16.1% in the 2nd quarter. Renaissance Technologies LLC now owns 227,000 shares of the company’s stock worth $658,000 after purchasing an additional 31,415 shares during the period. Institutional investors own 82.70% of the company’s stock.

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.