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

Oportun Financial Co. (NASDAQ:OPRT) insider Patrick Kirscht sold 8,403 shares of the company’s stock in a transaction that occurred on 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 directly owns 333,360 shares in the company, valued at $1,266,768. The trade was a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Oportun Financial Price Performance

Shares of OPRT opened at $3.87 on Friday. Oportun Financial Co. has a 52 week low of $2.05 and a 52 week high of $4.60. The stock has a 50 day moving average price of $3.10 and a two-hundred day moving average price of $2.99.

Institutional Investors Weigh In On Oportun Financial

Institutional investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Oportun Financial during the 3rd quarter worth $52,000. Flaharty Asset Management LLC lifted its position in shares of Oportun Financial by 75.0% during the second quarter. Flaharty Asset Management LLC now owns 35,000 shares of the company’s stock valued at $102,000 after purchasing an additional 15,000 shares in the last quarter. SkyView Investment Advisors LLC boosted its holdings in Oportun Financial by 28.6% during the second quarter. SkyView Investment Advisors LLC now owns 67,500 shares of the company’s stock worth $196,000 after purchasing an additional 15,000 shares during the last quarter. Empowered Funds LLC boosted its holdings in Oportun Financial by 5.4% during the third quarter. Empowered Funds LLC now owns 110,620 shares of the company’s stock worth $311,000 after purchasing an additional 5,628 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Oportun Financial by 16.1% during the 2nd quarter. Renaissance Technologies LLC now owns 227,000 shares of the company’s stock worth $658,000 after buying an additional 31,415 shares in the last quarter. Institutional investors own 82.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Singular Research upgraded shares of Oportun Financial to a “strong-buy” rating in a research note on Friday, September 20th. Three research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

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.