Brokers Offer Predictions for OPRT FY2024 Earnings

Oportun Financial Co. (NASDAQ:OPRT) – Investment analysts at Singular Research issued their FY2024 earnings estimates for 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 currently 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 Performance

Oportun Financial stock opened at $3.93 on Friday. Oportun Financial has a 52 week low of $2.05 and a 52 week high of $4.60. The firm has a market capitalization of $141.37 million, a price-to-earnings ratio of -1.19 and a beta of 1.17. The company has a 50 day moving average price of $3.24 and a 200 day moving average price of $3.01.

Institutional Investors Weigh In On Oportun Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in OPRT. Connor Clark & Lunn Investment Management Ltd. bought a new position in Oportun Financial during the 3rd quarter worth about $52,000. Flaharty Asset Management LLC boosted its position in 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 stake 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 worth $196,000 after acquiring an additional 15,000 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Oportun Financial by 5.4% in the third quarter. Empowered Funds LLC now owns 110,620 shares of the company’s stock valued at $311,000 after purchasing an additional 5,628 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Oportun Financial by 16.1% in the second quarter. Renaissance Technologies LLC now owns 227,000 shares of the company’s stock worth $658,000 after purchasing an additional 31,415 shares in the last quarter. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Oportun Financial news, Director Mohit Daswani bought 7,420 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $3.90 per share, with a total value of $28,938.00. Following the completion of the purchase, the director now owns 41,924 shares in the company, valued at approximately $163,503.60. The trade was a 21.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director R Neil Williams acquired 25,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of $3.87 per share, for a total transaction of $96,750.00. Following the acquisition, the director now directly owns 140,338 shares in the company, valued at $543,108.06. This represents a 21.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 41,264 shares of company stock worth $159,826 over the last three months. 9.30% of the stock is currently owned by company insiders.

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.