Research Analysts Offer Predictions for OPRT FY2024 Earnings

Oportun Financial Co. (NASDAQ:OPRT) – Singular Research issued their FY2024 earnings per share estimates for shares of Oportun Financial in a report released on Tuesday, December 17th. Singular Research analyst G. Sriharan expects that the company will post earnings per share of $0.10 for the year. Singular Research has a “Strong-Buy” rating on the stock. The consensus estimate for Oportun Financial’s current full-year earnings is ($0.04) per share. Singular Research also issued estimates for Oportun Financial’s Q4 2024 earnings at $0.09 EPS, Q1 2025 earnings at $0.20 EPS, Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.33 EPS and FY2025 earnings at $0.99 EPS.

Oportun Financial Stock Up 7.2 %

Shares of NASDAQ OPRT opened at $3.86 on Friday. The firm’s 50-day moving average price is $3.22 and its 200-day moving average price is $3.00. Oportun Financial has a 52-week low of $2.05 and a 52-week high of $4.60. The company has a market cap of $138.85 million, a PE ratio of -1.17 and a beta of 1.17.

Insider Activity at Oportun Financial

In other Oportun Financial news, insider Patrick Kirscht sold 8,403 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $3.80, for a total transaction of $31,931.40. Following the completion of the sale, the insider now directly owns 333,360 shares of the company’s stock, valued at approximately $1,266,768. This represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Raul Vazquez purchased 8,844 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of $3.86 per share, for a total transaction of $34,137.84. Following the purchase, the chief executive officer now directly owns 1,257,328 shares in the company, valued at approximately $4,853,286.08. The trade was a 0.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 41,264 shares of company stock worth $159,826 over the last quarter. Company insiders own 9.30% of the company’s stock.

Institutional Investors Weigh In On Oportun Financial

Several hedge funds and other institutional investors have recently modified their holdings of OPRT. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Oportun Financial during the third quarter valued at about $52,000. Flaharty Asset Management LLC grew 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 valued at $102,000 after acquiring an additional 15,000 shares during the period. SkyView Investment Advisors LLC increased its holdings in Oportun Financial by 28.6% in the 2nd quarter. SkyView Investment Advisors LLC now owns 67,500 shares of the company’s stock worth $196,000 after acquiring an additional 15,000 shares in the last quarter. Empowered Funds LLC raised its stake in Oportun Financial by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 110,620 shares of the company’s stock worth $311,000 after acquiring an additional 5,628 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Oportun Financial by 16.1% during the second quarter. Renaissance Technologies LLC now owns 227,000 shares of the company’s stock valued at $658,000 after purchasing an additional 31,415 shares in the last quarter. 82.70% of the stock is currently 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.