Insider Buying: Oportun Financial Co. (NASDAQ:OPRT) Director Acquires $96,750.00 in Stock

Oportun Financial Co. (NASDAQ:OPRT) Director R Neil Williams acquired 25,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $3.87 per share, for a total transaction of $96,750.00. Following the purchase, the director now directly owns 140,338 shares of the company’s stock, valued at approximately $543,108.06. This trade represents a 21.68 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Oportun Financial Stock Performance

Shares of NASDAQ: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 1-year low of $2.05 and a 1-year high of $4.60. The company has a 50 day moving average price of $3.12 and a 200 day moving average price of $2.99.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Oportun Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in 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 during the period. Geode Capital Management LLC boosted its stake in Oportun Financial by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 311,450 shares of the company’s stock worth $875,000 after purchasing an additional 14,683 shares during the period. SkyView Investment Advisors LLC boosted its stake 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 purchasing an additional 15,000 shares during the period. Flaharty Asset Management LLC boosted its stake in Oportun Financial by 75.0% in the 2nd quarter. Flaharty Asset Management LLC now owns 35,000 shares of the company’s stock worth $102,000 after purchasing an additional 15,000 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Oportun Financial during the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 82.70% of the company’s stock.

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.