Insider Buying: Oportun Financial Co. (NASDAQ:OPRT) Director Acquires 7,420 Shares of Stock

Oportun Financial Co. (NASDAQ:OPRT - Get Free Report) Director Mohit Daswani acquired 7,420 shares of the business's stock in a transaction that occurred 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 acquisition, the director now directly owns 41,924 shares of the company's stock, valued at $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 SEC, which is available through this hyperlink.

Oportun Financial Price Performance

Shares of NASDAQ:OPRT traded up $0.03 during midday trading on Friday, hitting $3.90. The company had a trading volume of 111,340 shares, compared to its average volume of 228,856. The company has a market cap of $140.29 million, a price-to-earnings ratio of -1.18 and a beta of 1.17. The company has a fifty day moving average of $3.10 and a two-hundred day moving average of $2.99. Oportun Financial Co. has a 12-month low of $2.05 and a 12-month high of $4.60.

Analyst Upgrades and Downgrades

Separately, Singular Research upgraded Oportun Financial to a "strong-buy" rating in a research note on Friday, September 20th. Three 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 stock. According to data from MarketBeat.com, Oportun Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. SkyView Investment Advisors LLC increased its holdings in Oportun Financial by 59.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 107,500 shares of the company's stock worth $302,000 after acquiring an additional 40,000 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Oportun Financial by 4.9% in the third 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 in the last quarter. RBF Capital LLC lifted its stake in shares of Oportun Financial by 82.9% during the 3rd quarter. RBF Capital LLC now owns 978,079 shares of the company's stock valued at $2,748,000 after buying an additional 443,177 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Oportun Financial in the 3rd quarter worth $52,000. Finally, Empowered Funds LLC increased 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 buying an additional 5,628 shares in the last quarter. 82.70% of the stock is 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.

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