Oportun financial corp chief credit officer sells $271,592 in stock

SAN CARLOS, CA—Patrick Kirscht, the Chief Credit Officer of Oportun Financial Corp (NASDAQ:OPRT), recently sold a significant portion of his holdings in the company. According to a regulatory filing, Kirscht sold a total of 45,341 shares of common stock on March 10, 2025, at an average price of $5.99 per share. The transactions amounted to a total value of $271,592. The sale comes as InvestingPro data shows OPRT trading below its Fair Value, with the stock showing strong momentum, up 146% over the past six months despite recent volatility.

The sales were conducted in multiple transactions with prices ranging from $5.69 to $6.33 per share. Following these transactions, Kirscht retains 288,019 shares in direct ownership. Additionally, he holds indirect ownership of 2,900 shares each through two separate accounts for his children, though he disclaims beneficial ownership of these shares. InvestingPro analysis reveals the company maintains strong liquidity with a current ratio of 9.47, while analysts expect profitability this year with projected earnings of $1.53 per share.

Investors will note that these transactions reflect a reduction in Kirscht’s direct stake in the company, which may be of interest as they assess the executive’s confidence in Oportun Financial’s future performance. Get deeper insights into OPRT’s valuation and 8 additional ProTips with InvestingPro’s comprehensive research report, part of its coverage of over 1,400 US stocks.

In other recent news, Oportun Financial Corp reported strong financial results for the fourth quarter of 2024, significantly surpassing earnings expectations. The company achieved an earnings per share (EPS) of $0.49, which was well above the forecast of $0.0013, and reported a total revenue of $251 million, exceeding projections. Oportun Financial’s adjusted EBITDA increased by 315% year-over-year, with a GAAP net income of $9 million, marking a $51 million improvement from the previous year. Additionally, the company reduced its operating expenses by 31% year-over-year, demonstrating effective cost management.

In analyst updates, BTIG initiated coverage on Oportun Financial with a Buy rating and set a price target of $10. The firm anticipates that the company could achieve a 211% year-over-year GAAP EPS growth in 2026 and a further 22% increase in 2027. BTIG’s analysis suggests that Oportun Financial is positioned to align its economic performance with peers like OneMain Financial and Regional Management (NYSE:RM). The analyst expressed optimism about the company’s potential for continued earnings growth and market valuation adjustments.

These recent developments highlight Oportun Financial’s strategic focus on improving its financial performance and operational efficiency. The company has projected a positive outlook for 2025, with expected total revenue between $945 million and $970 million and adjusted net income ranging from $53 million to $63 million. CEO Raul Vasquez noted the company’s turnaround, emphasizing their goal to maintain profitability on a GAAP basis for the full year 2025.

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