Oportun Financial Co. (NASDAQ:OPRT - Get Free Report) Director Mohit Daswani purchased 7,420 shares of the stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $3.90 per share, for a total transaction of $28,938.00. Following the acquisition, the director now directly owns 41,924 shares of the company's stock, valued at approximately $163,503.60. This 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 the SEC website.
Oportun Financial Trading Up 0.8 %
NASDAQ OPRT opened at $3.90 on Friday. Oportun Financial Co. has a 12 month low of $2.05 and a 12 month high of $4.60. The stock's 50 day moving average is $3.12 and its 200 day moving average is $2.99. The stock has a market cap of $140.29 million, a PE ratio of -1.18 and a beta of 1.17.
Analysts Set New Price Targets
Separately, Singular Research upgraded shares of Oportun Financial to a "strong-buy" rating in a research note on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Oportun Financial currently has a consensus rating of "Moderate Buy" and an average price target of $5.50.
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Get Our Latest Analysis on Oportun Financial
Hedge Funds Weigh In On Oportun Financial
Several hedge funds have recently modified their holdings of the stock. Flaharty Asset Management LLC increased its holdings in Oportun Financial by 75.0% in the 2nd quarter. Flaharty Asset Management LLC now owns 35,000 shares of the company's stock valued at $102,000 after acquiring an additional 15,000 shares during the last quarter. Acuitas Investments LLC purchased a new position in shares of Oportun Financial during the second quarter valued at about $1,577,000. Renaissance Technologies LLC increased its holdings in shares of Oportun Financial by 16.1% in the second quarter. Renaissance Technologies LLC now owns 227,000 shares of the company's stock worth $658,000 after purchasing an additional 31,415 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Oportun Financial by 53.3% in the second quarter. Marshall Wace LLP now owns 274,969 shares of the company's stock worth $797,000 after buying an additional 95,637 shares in the last quarter. Finally, 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 valued at $4,370,000 after buying an additional 314,553 shares during the last quarter. Hedge funds and other institutional investors own 82.70% of the company's stock.
About Oportun Financial
(
Get Free Report)
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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