Mohit Daswani Acquires 7,420 Shares of Oportun Financial Co. (NASDAQ:OPRT) Stock

Oportun Financial Co. (NASDAQ:OPRT) Director Mohit Daswani purchased 7,420 shares of the company’s stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $3.90 per share, with a total value of $28,938.00. Following the completion of the purchase, the director now directly 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 link.

Oportun Financial Stock Up 0.8 %

NASDAQ OPRT traded up $0.03 during trading on Friday, hitting $3.90. 111,340 shares of the stock traded hands, compared to its average volume of 228,856. The company has a market capitalization of $140.29 million, a P/E ratio of -1.18 and a beta of 1.17. Oportun Financial Co. has a 12-month low of $2.05 and a 12-month high of $4.60. The firm has a 50-day simple moving average of $3.10 and a 200-day simple moving average of $2.99.

Analyst Upgrades and Downgrades

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

Institutional Trading of Oportun Financial

Hedge funds have recently made changes to their positions in the business. Long Focus Capital Management LLC increased its stake in Oportun Financial by 6.0% during the second quarter. Long Focus Capital Management LLC now owns 1,740,777 shares of the company’s stock worth $5,048,000 after acquiring an additional 99,197 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Oportun Financial by 26.4% in the 2nd quarter. Millennium Management LLC now owns 1,507,012 shares of the company’s stock valued at $4,370,000 after purchasing an additional 314,553 shares during the last quarter. RBF Capital LLC boosted its holdings in shares of Oportun Financial by 82.9% in the 3rd quarter. RBF Capital LLC now owns 978,079 shares of the company’s stock worth $2,748,000 after purchasing an additional 443,177 shares during the period. Acuitas Investments LLC bought a new position in shares of Oportun Financial during the 2nd quarter valued at approximately $1,577,000. Finally, Geode Capital Management LLC raised its holdings in Oportun Financial by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 311,450 shares of the company’s stock valued at $875,000 after buying an additional 14,683 shares during the period. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

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.