Singular Research Comments on OPRT FY2024 Earnings

Oportun Financial Co. (NASDAQ:OPRT) – Research analysts at Singular Research issued their FY2024 EPS estimates for Oportun Financial in a note issued to investors on Tuesday, December 17th. Singular Research analyst G. Sriharan anticipates that the company will earn $0.10 per share for the year. Singular Research 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 $3.86 on Friday. Oportun Financial has a fifty-two week low of $2.05 and a fifty-two week high of $4.60. The stock has a market cap of $138.85 million, a price-to-earnings ratio of -1.17 and a beta of 1.17. The stock’s 50 day simple moving average is $3.22 and its two-hundred day simple moving average is $3.00.

Insider Activity at Oportun Financial

In other Oportun Financial news, Director Mohit Daswani acquired 7,420 shares of the business’s stock in a transaction on Friday, December 13th. The shares were acquired at an average price of $3.90 per share, for a total transaction of $28,938.00. Following the completion of the acquisition, the director now owns 41,924 shares in the company, valued at $163,503.60. This trade represents a 21.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Raul Vazquez bought 8,844 shares of the stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of $3.86 per share, with a total value of $34,137.84. Following the completion of the acquisition, the chief executive officer now directly owns 1,257,328 shares of the company’s stock, valued at approximately $4,853,286.08. The trade was a 0.71 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 41,264 shares of company stock worth $159,826 over the last ninety days. 9.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OPRT. Millennium Management LLC boosted its holdings in Oportun Financial by 26.4% in 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. Acuitas Investments LLC bought a new position in Oportun Financial in the 2nd quarter worth about $1,577,000. Long Focus Capital Management LLC grew its position in Oportun Financial by 6.0% during the 2nd 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 during the last quarter. RBF Capital LLC increased its stake in 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 purchasing an additional 443,177 shares in the last quarter. Finally, SkyView Investment Advisors LLC raised its holdings in Oportun Financial by 59.3% in the third quarter. SkyView Investment Advisors LLC now owns 107,500 shares of the company’s stock worth $302,000 after buying an additional 40,000 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.

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.