Brokers Offer Predictions for OPRT FY2024 Earnings

Oportun Financial Co. (NASDAQ:OPRT) – Singular Research issued their FY2024 EPS estimates for shares of Oportun Financial in a note issued to investors on Tuesday, December 17th. Singular Research analyst G. Sriharan expects that the company will earn $0.10 per share 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 Up 1.8 %

Shares of NASDAQ OPRT opened at $3.93 on Friday. The business’s 50 day moving average price is $3.24 and its two-hundred day moving average price is $3.01. The company has a market cap of $141.37 million, a PE ratio of -1.19 and a beta of 1.17. Oportun Financial has a twelve month low of $2.05 and a twelve month high of $4.60.

Insider Transactions at Oportun Financial

In other news, CEO Raul Vazquez acquired 8,844 shares of Oportun Financial stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of $3.86 per share, for a total transaction of $34,137.84. Following the completion of the acquisition, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $31,931.40. Following the completion of the transaction, the insider now directly owns 333,360 shares in the company, valued at $1,266,768. The trade was a 2.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders acquired 41,264 shares of company stock worth $159,826. 9.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OPRT. Flaharty Asset Management LLC lifted its holdings in shares of Oportun Financial by 75.0% during the second quarter. Flaharty Asset Management LLC now owns 35,000 shares of the company’s stock worth $102,000 after buying an additional 15,000 shares in the last quarter. Acuitas Investments LLC acquired a new stake in Oportun Financial in the 2nd quarter worth about $1,577,000. Renaissance Technologies LLC boosted 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 valued at $658,000 after purchasing an additional 31,415 shares during the period. Marshall Wace LLP boosted its holdings in Oportun Financial by 53.3% in the 2nd quarter. Marshall Wace LLP now owns 274,969 shares of the company’s stock valued at $797,000 after purchasing an additional 95,637 shares during the period. Finally, Millennium Management LLC grew its position in shares of Oportun Financial by 26.4% during the 2nd quarter. Millennium Management LLC now owns 1,507,012 shares of the company’s stock worth $4,370,000 after purchasing an additional 314,553 shares in the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.

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.