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SAN CARLOS, CA—Kathleen Layton, Chief Legal Officer of Oportun Financial Corp (NASDAQ:OPRT), recently disposed of a portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, Layton sold a total of 12,717 shares of common stock on March 10, 2025. The shares were sold at a weighted average price of $5.99 per share, amounting to a total transaction value of approximately $76,174. The transaction comes as OPRT’s stock has experienced significant volatility, dropping 13% in the past week despite a remarkable 145% gain over the last six months.
The sales were conducted in multiple transactions, with prices ranging from $5.69 to $6.34 per share. Following these transactions, Layton retains ownership of 89,868 shares in Oportun Financial Corp.
Investors often keep a close eye on insider transactions, as they can provide insights into the executives’ perspectives on the company’s future performance.
In other recent news, Oportun Financial Corp reported a strong financial performance in the fourth quarter of 2024, exceeding earnings expectations. The company achieved an earnings per share (EPS) of $0.49, significantly outperforming the forecast of $0.0013. Revenue for the quarter reached $251 million, surpassing expectations and contributing to a GAAP net income of $9 million, marking a $51 million improvement year-over-year. BTIG initiated coverage on Oportun Financial with a Buy rating and a $10 price target, citing the company’s potential for earnings growth and a recent 80% increase in stock value. The firm anticipates a 211% growth in GAAP EPS for 2026 and a 22% increase in 2027. Oportun Financial’s strategic focus on refining its credit model and secured personal loans has contributed to its financial gains, with adjusted EBITDA increasing by 315% year-over-year. The company projects total revenue between $945 million and $970 million for 2025, with adjusted net income expected to range from $53 million to $63 million. CEO Raul Vasquez highlighted the company’s turnaround and expressed confidence in future profitability, stating expectations for GAAP profitability for the full year 2025.
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