Meros Investment Management LP Acquires Shares of 1,125,231 Oportun Financial Corporation $OPRT

Meros Investment Management LP purchased a new stake in shares of Oportun Financial Corporation (NASDAQ:OPRT) during the 2nd quarter, Holdings Channel reports. The fund purchased 1,125,231 shares of the company’s stock, valued at approximately $6,425,069,000. Oportun Financial comprises 2.0% of Meros Investment Management LP’s investment portfolio, making the stock its 19th biggest position.

A number of other hedge funds have also modified their holdings of OPRT. Kemnay Advisory Services Inc. acquired a new stake in Oportun Financial during the 4th quarter worth approximately $28,000. Clearstead Advisors LLC increased its position in shares of Oportun Financial by 192.9% during the 4th quarter. Clearstead Advisors LLC now owns 5,574 shares of the company’s stock worth $29,000 after purchasing an additional 3,671 shares during the last quarter. Pinnacle Holdings LLC bought a new stake in shares of Oportun Financial during the 2nd quarter worth approximately $33,000. Abel Hall LLC bought a new stake in shares of Oportun Financial during the 1st quarter worth approximately $57,000. Finally, Virtu Financial LLC acquired a new stake in shares of Oportun Financial in the 3rd quarter valued at approximately $64,000. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Oportun Financial Trading Down 1.2%

NASDAQ OPRT opened at $7.51 on Wednesday. The firm’s 50 day simple moving average is $6.24 and its 200 day simple moving average is $5.53. The firm has a market capitalization of $345.38 million, a price-to-earnings ratio of 18.78 and a beta of 1.22. Oportun Financial Corporation has a 1 year low of $4.03 and a 1 year high of $8.30.

Oportun Financial (NASDAQ:OPRT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. Oportun Financial had a net margin of 2.05% and a return on equity of 13.41%. The business had revenue of $233.23 million during the quarter, compared to the consensus estimate of $230.68 million. Oportun Financial has set its FY 2026 guidance at 1.500-1.650 EPS. On average, equities research analysts forecast that Oportun Financial Corporation will post 1.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

OPRT has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Oportun Financial in a research note on Wednesday, June 24th. Stephens increased their target price on Oportun Financial from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded Oportun Financial from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.33.

About Oportun Financial

Oportun Financial Corporation (NASDAQ: OPRT) is a financial technology company that provides consumer lending products aimed at serving the underbanked and credit-invisible population in the United States. Headquartered in Redwood City, California, Oportun operates a digital platform that enables borrowers to access credit through unsecured personal installment loans, secured credit-builder loans and a proprietary mobile wallet. The company leverages machine learning and alternative data sources to assess creditworthiness, extending financial services to customers with limited or no traditional credit history.

The company’s core offerings include fixed-term installment loans designed to help individuals cover unexpected expenses, consolidate debt or build credit.