Patrick Kirscht Sells 8,403 Shares of Oportun Financial Co. (NASDAQ:OPRT) Stock

Oportun Financial Co. (NASDAQ:OPRT) insider Patrick Kirscht sold 8,403 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $3.80, for a total value of $31,931.40. Following the transaction, the insider now owns 333,360 shares of the company’s stock, valued at $1,266,768. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Oportun Financial Price Performance

Shares of NASDAQ:OPRT opened at $3.87 on Friday. The business’s 50-day moving average is $3.10 and its 200-day moving average is $2.99. Oportun Financial Co. has a 1 year low of $2.05 and a 1 year high of $4.60.

Hedge Funds Weigh In On Oportun Financial

Several institutional investors have recently added to or reduced their stakes in the business. Acuitas Investments LLC acquired a new stake in shares of Oportun Financial during the 2nd quarter worth approximately $1,577,000. RBF Capital LLC boosted its stake in Oportun Financial by 82.9% during the third quarter. RBF Capital LLC now owns 978,079 shares of the company’s stock worth $2,748,000 after acquiring an additional 443,177 shares in the last quarter. Millennium Management LLC boosted its stake in Oportun Financial by 26.4% during the second quarter. Millennium Management LLC now owns 1,507,012 shares of the company’s stock worth $4,370,000 after acquiring an additional 314,553 shares in the last quarter. Long Focus Capital Management LLC increased its stake in Oportun Financial by 6.0% in the second quarter. Long Focus Capital Management LLC now owns 1,740,777 shares of the company’s stock valued at $5,048,000 after purchasing an additional 99,197 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Oportun Financial by 53.3% in the second 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 in the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Singular Research raised shares of Oportun Financial to a “strong-buy” rating in a research report on Friday, September 20th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.50.

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.