SAN CARLOS, Calif., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT) today shared results from its 2024 Holiday Savings Report showing that annual holiday have been higher than standard and people are now using set-aside funds to pay for holiday expenses. The report analyzes member year-over-year savings amounts and behaviors for those savings goals tagged as "holiday" in its Set & SaveTM product. "The 2024 Holiday Savings Report shows that setting goals and saving towards them works," said Oportun Head of Savings, Annie Ma. "Our members have saved hundreds of dollars for holiday spending this year – more than they have in recent years – and we believe they are now withdrawing that

Met or outperformed each guidance metric Total operating expenses declined 17% year-over-year Credit card portfolio sale complete Corporate debt refinancing expected to close on November 14th   SAN CARLOS, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ:OPRT) ("Oportun", or the "Company") today reported financial results for the third quarter ended September 30, 2024. "I'm pleased that our third quarter results met or exceeded our expectations on each of our guidance metrics," said Raul Vazquez, CEO of Oportun. "We generated total revenue of $250 million, while our Annualized Net Charge-Off Rate declined 40 basis points sequentially to 11.9% as we report

SAN CARLOS, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, today announced that it has closed the previously agreed upon sale of its credit card portfolio to Continental Finance. Completing the transaction reflects a key milestone towards Oportun's initiative to enhance profitability in 2024 and beyond by simplifying the business and driving performance in its three core products: unsecured personal loans, secured personal loans, and its award-winning Set & Save™ savings product. "We expect that closing the credit card portfolio sale will be highly accretive for our shareholders, and I'm pleased to reiterate our expectation th

SAN CARLOS, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, will release financial results for its third quarter 2024 on Tuesday, November 12, 2024, after market close. Oportun will host a conference call and earnings webcast to discuss results on Tuesday, November 12, 2024, at 5:00 pm ET / 2:00 pm PT. A live webcast of the call will be accessible from Oportun's investor relations website at investor.oportun.com, and a webcast replay of the call will be available for one year. The dial-in number for the conference call is 1-866-604-1698 (toll-free) or 1-201-389-0844 (international). Participants should call in 10 minutes prior

SAN CARLOS, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT) ("Oportun", or the "Company"), a mission-driven financial services company, announced today another important step in its plans to optimize the Company's capital structure and drive improved profitability. Following an extensive review of a range of alternatives led by the Board of Directors, Oportun has entered into a Credit Agreement to refinance its existing corporate financing facility with a new $235 million Senior Secured Term Loan ("Term Loan"). The refinancing will improve Oportun's operational and balance sheet flexibility with covenants that reflect the performance improvements made by the Company to date

SAN CARLOS, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, today announced that it has signed a definitive agreement to sell its credit card portfolio to Continental Finance. This transaction reflects a key milestone towards Oportun's initiative to enhance profitability in 2024 and beyond by simplifying the business and driving performance in its three core products: unsecured personal loans, secured personal loans, and its award-winning Set & Save™ savings product. The closing date is now anticipated to be on or around November 10, 2024, rather than by the end of the third quarter as indicated on the August 8th second quarte

SAN CARLOS, Calif., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, today announced the closing of an amendment and extension to its long-term warehouse facility. Features of this facility include: $306 million total commitmentGoldman Sachs as senior lender – and Jefferies, as mezzanine lender – both existing, longstanding lenders to OportunA new two-year revolving periodCollateralized by Oportun's unsecured and secured personal loan originations "This warehouse facility extension expands on Oportun's longstanding lending relationships", said Jonathan Coblentz, Chief Financial Officer of Oportun. "With the support of

LOS ANGELES, CA / ACCESSWIRE / September 20, 2024 / Singular Research initiates coverage on Oportun Financial Corp (NASDAQ:OPRT), a leading financial services company focused on providing credit to underserved thin-file or no-file borrowers with a Buy rating and a target price of $5.50. This target reflects a capital appreciation potential of 90% (as of the closing price on 9/19/24), driven by the Company's unique ability to effectively evaluate creditworthiness and manage risk among individuals with limited or no credit history.Oportun addresses the large potential market of low-to-moderate-income (LMI) individuals in the United States, who are often overlooked by traditional financial inst

SAN CARLOS, Calif., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven fintech, today announced that it will participate in the upcoming Sidoti September Virtual Investor Conference. Oportun's Chief Executive Officer, Raul Vazquez, and Chief Financial Officer & Chief Administrative Officer, Jonathan Coblentz, will present and participate in investor meetings at the conference. The presentation will begin at 2:30 pm ET on September 18th and can be accessed live at this link. A link to the presentation webcast will also be accessible in the "IR calendar" section of Oportun's Investor Relations website under "News & Events" at https://investor.oportun.com. A replay w

SAN CARLOS, Calif., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven fintech, today announced the issuance of $223.25 million of fixed rate asset-backed notes secured by a pool of unsecured and secured installment loans. The offering included four classes of fixed rate notes: Class A, Class B, Class C, and Class D. KBRA rated all classes of notes, assigning ratings of AA-, A-, BBB-, and BB-, respectively. Jefferies served as the sole structuring agent and sole bookrunner while Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC served as co-managers. The weighted average coupon on the transaction was 8.

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SAN CARLOS, Calif., April 22, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT) ("Oportun", or the "Company"), a mission-driven fintech, today announced the appointment of Scott Parker as a new independent director and Richard Tambor as an observer to Oportun's Board of Directors, each effective immediately. Tambor will stand for election to Oportun's Board of Directors at Oportun's 2024 annual shareholder meeting later this year. The appointments are in connection with a cooperation agreement (the "Agreement") the Company has entered into with Findell Capital Management LLC (together, with certain of its affiliates "Findell"). Findell is an investment firm that owns approximately 7.7% of Opo

SAN CARLOS, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT) today announced the addition of two new independent board members to its Board of Directors. Effective as of February 7, 2024, the appointments expand Oportun's board from seven to nine members with the additions of Carlos Minetti and Mohit Daswani. Carlos Minetti has more than 35 years of experience in consumer lending and credit risk. Most recently as President, Consumer Banking, at Discover Financial Services, a position he held from 2010 to 2023. Minetti led the company's diversification into Consumer Banking, which included personal loans, student loans, home loans and on-line banking. At Discover, he also pr

SAN CARLOS, Calif., April 18, 2022 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven fintech and digital banking platform, today announced that Dorian Hare has joined the company as its SVP of Investor Relations. Hare most recently led investor relations at Equifax and previously held a senior IR position at Moody's. "As the leading digital banking platform serving the financial needs of hardworking people, Oportun has many vectors for high levels of multi-year growth and how we communicate our expansive vision with analysts and investors is critical to driving shareholder value," said Raul Vazquez, CEO of Oportun. "Dorian has the experience and expertise to help us communicate

SAN CARLOS, Calif., Sept. 01, 2021 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ:OPRT), a financial services company and digital platform that provides hardworking people with access to responsible and affordable loans, today announced the addition of two new independent board members to its diverse Board of Directors. Effective as of September 1, 2021, the appointments expand Oportun's board from nine to eleven members with the additions of Roy Banks and Rick Welts. Roy Banks is the Chief Executive Officer of Weave Communications, Inc, an all-in-one customer communication and engagement platform for small businesses. With more than 20 years of experience in high-tech softwar

SAN CARLOS, Calif., July 12, 2021 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ:OPRT), a financial services company and digital platform that provides hard working people with responsible, affordable, and credit-building alternatives to payday and auto-title loans, today announced the addition of two new independent board members to its Board of Directors. Effective as of September 1, 2021, the appointments expand Oportun's board from seven to nine members with the additions of Ginny Lee and Sandra Smith. Ms. Lee recently served as the President and Chief Operating Officer of Khan Academy, a globally-recognized non-profit online education technology organization with a mi

Met or outperformed each guidance metric Total operating expenses declined 17% year-over-year Credit card portfolio sale complete Corporate debt refinancing expected to close on November 14th   SAN CARLOS, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ:OPRT) ("Oportun", or the "Company") today reported financial results for the third quarter ended September 30, 2024. "I'm pleased that our third quarter results met or exceeded our expectations on each of our guidance metrics," said Raul Vazquez, CEO of Oportun. "We generated total revenue of $250 million, while our Annualized Net Charge-Off Rate declined 40 basis points sequentially to 11.9% as we report

SAN CARLOS, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, will release financial results for its third quarter 2024 on Tuesday, November 12, 2024, after market close. Oportun will host a conference call and earnings webcast to discuss results on Tuesday, November 12, 2024, at 5:00 pm ET / 2:00 pm PT. A live webcast of the call will be accessible from Oportun's investor relations website at investor.oportun.com, and a webcast replay of the call will be available for one year. The dial-in number for the conference call is 1-866-604-1698 (toll-free) or 1-201-389-0844 (international). Participants should call in 10 minutes prior

Met or exceeded each guidance metric Total operating expenses declined 20% year-over-year New collaboration with Western Union to provide lending service Signed letter of intent to sell credit card portfolio $245M warehouse facility executed after quarter-end   SAN CARLOS, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ:OPRT) ("Oportun", or the "Company") today reported financial results for the second quarter ended June 30, 2024. "Overall, I'm pleased with our second quarter results and the progress we are making towards our long-term profitability targets. In addition, we performed at the better end or outperformed each of, our guidance metrics as we

SAN CARLOS, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven fintech, will release financial results for its second quarter 2024 on Thursday, August 8, 2024, after market close. Oportun will host a conference call and earnings webcast to discuss results on Thursday, August 8, 2024, at 5:00 pm ET / 2:00 pm PT. A live webcast of the call will be accessible from Oportun's investor relations website at investor.oportun.com, and a webcast replay of the call will be available for one year. The dial-in number for the conference call is 1-866-604-1698 (toll-free) or 1-201-389-0844 (international). Participants should call in 10 minutes prior to the scheduled start

Strong performance versus guidance Total operating expenses declined 15% sequentially and 25% year-over-year GAAP net loss sharply reduced by $76M year-over-year, returned to adjusted profitability Additional $150M whole loan sale agreement executed in May Raising full year 2024 Total Revenue and Adjusted EBITDA guidance   SAN CARLOS, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ:OPRT) ("Oportun", or the "Company") today reported financial results for the first quarter ended March 31, 2024. "Our first quarter results reflect an important first step in our 2024 business recovery, as we sharply reduced our prior-year GAAP operating loss by $76 million w

SAN CARLOS, Calif., April 22, 2024 (GLOBE NEWSWIRE) -- Oportun Financial Corporation ("Oportun" or the "Company") (NASDAQ:OPRT), a mission-driven fintech, today announced certain preliminary unaudited financial and operating metrics for the first quarter ended March 31, 2024. Preliminary Financial Results - First Quarter 2024 Based upon management's current expectations, the Company will report Total Revenue, Annualized Net Charge-Off Rate, 30+ Day Delinquency Rate, Net Loss, Adjusted EBITDA and Adjusted Net Income, for the first quarter as follows: MetricPreliminaryGuidance   1Q241Q24 1Q23Total Revenue$248 - $250 million$233 - $238 million $259.5 millionAnnualized Net Charge-Off Ra

4Q23 Total revenue of $263 million, bringing FY23 to $1.1 billion, up 11% year-over-year Quarterly operating expense down 15% $30 million in additional operating expense reductions announced $200 million February ABS deal completed at 160 bps lower pricing than October transaction Full Year 2024 guidance reflects expectations for markedly improved profitability   SAN CARLOS, Calif., March 12, 2024 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ:OPRT) ("Oportun", or the "Company") today reported financial results for the fourth quarter and full year ended December 31, 2023. "We executed well during the fourth quarter and met each of our guidance metrics,"

SAN CARLOS, Calif., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven fintech, will release financial results for its fourth quarter 2023 on Tuesday, March 12, 2024, after market close. Oportun will host a conference call and earnings webcast to discuss results on Tuesday, March 12, 2024, at 5:00 pm ET / 2:00 pm PT. A live webcast of the call will be accessible from Oportun's investor relations website at investor.oportun.com, and a webcast replay of the call will be available for one year. The dial-in number for the conference call is 1-866-604-1698 (toll-free) or 1-201-389-0844 (international). Participants should call in 10 minutes prior to the scheduled start

Expresses Serious Concerns About Oportun's Financial and Stock Price Underperformance Under CEO Raul Vazquez Believes that the Board's Continued Lack of Oversight and Inexplicable Allegiance to CEO Raul Vazquez Demonstrates that More Change Is Needed Believes Oportun Should be Able to Generate $3-4 a Share and be Worth $20 a Share with an Improved Operating Cost Structure Looking to Work Constructively with the Board to Onboard New Independent Directors and Avoid a Costly Proxy Contest but Will Nominate a Competing Slate of Highly Qualified Director Candidates Unless Concrete Progress is Made in Short Order NEW YORK, Dec. 4, 2023 /PRNewswire/ -- Findell Capital Management LLC (together with

Record revenue of $268 million, 7% year-over-year growth Quarterly operating expense of $123 million, lowest in two years Two new personal loan financing agreements totaling up to $267 million executed $80 million in additional annualized operating expense reductions, streamlining product suite   SAN CARLOS, Calif., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ:OPRT) ("Oportun", or the "Company") today reported financial results for the third quarter ended September 30, 2023. "Oportun's performance reflected record revenue and our lowest quarterly operating expenses in two years," said Raul Vazquez, CEO of Oportun. "Our top-line remained resilient,

Oportun Financial (NASDAQ:OPRT) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 2 0 0 Last 30D 0 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 2 0 0 3M Ago 0 1 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Oportun Financial, presenting an average target of $5.5, a high estimate of $8.00, and a low estimate of $3.50. This current average has decr

JMP Securities analyst David Scharf reiterates Oportun Financial (NASDAQ:OPRT) with a Market Perform.

Oportun Financial (NASDAQ:OPRT) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $(0.27) by 133.33 percent. This is a 105.29 percent increase over losses of $(1.70) per share from the same period last year. The company reported quarterly sales of $250.500 million which beat the analyst consensus estimate of $240.524 million by 4.15 percent. This is a 3.47 percent decrease over sales of $259.500 million the same period last year.

4 analysts have expressed a variety of opinions on Oportun Financial (NASDAQ:OPRT) over the past quarter, offering a diverse set of opinions from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 2 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 2 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $5.5, a high estimate of $8.00, and a low estimate of $3.50. A negative shift in sentiment is evident as analysts

B. Riley Securities analyst Hal Goetsch maintains Oportun Financial (NASDAQ:OPRT) with a Buy and lowers the price target from $9 to $8.

U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining more than 1% on Tuesday. The Dow traded up 0.68% to 38,499.41 while the NASDAQ rose 1.69% to 15,711.94. The S&P 500 also rose, gaining, 1.24% to 5,072.91. Check This Out: Wall Street’s Most Accurate Analysts’ Views On 3 Energy Stocks With Over 3% Dividend Yields Leading and Lagging SectorsCommunication services shares climbed by 2% on Tuesday. In trading on Tuesday, materials shares fell by 0.5%. Top HeadlineGeneral Motors Company (NYSE:GM) reported better-than-expected earnings for its fiscal first quarter. The company posted quarterly sales growth of 7.6% year-on-year to $43.01 billion, beating

Shares of Nucor Corporation (NYSE:NUE) fell sharply during Tuesday's session after the company reported worse-than-expected quarterly financial results. Nucor reported quarterly earnings of $3.46 per share which missed the analyst consensus estimate of $3.65. Quarterly sales came in at $8.14 billion, missing the analyst consensus estimate of $8.26 billion, according to data from Benzinga Pro. Nucor shares tumbled 6.5% to $179.20 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Cyngn Inc. (NASDAQ:CYN) shares jumped 100% to $0.2419 after the company announced that it has been chosen to supply its DriveMod Tuggers for industrial automation to Joh

U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 200 points on Tuesday. The Dow traded up 0.60% to 38,470.94 while the NASDAQ rose 1.44% to 15,673.22. The S&P 500 also rose, gaining, 1.08% to 5,064.48. Check This Out: Wall Street’s Most Accurate Analysts’ Views On 3 Energy Stocks With Over 3% Dividend Yields Leading and Lagging SectorsCommunication services shares climbed by 1.7% on Tuesday. In trading on Tuesday, materials shares fell by 0.8%. Top Headline The S&P Global services PMI fell to 50.9 in April, recording the weakest level in five months and missing market estimates of 52. Equities Trading UP Cyngn Inc. (NASDAQ:CYN)

JMP Securities downgraded Oportun Financial from Mkt Outperform to Mkt Perform

Jefferies downgraded Oportun Financial from Buy to Hold and set a new price target of $3.50 from $9.00 previously

JP Morgan downgraded Oportun Financial from Overweight to Neutral and set a new price target of $8.00 from $7.00 previously

B. Riley Securities initiated coverage of Oportun Financial with a rating of Buy and set a new price target of $9.00

BTIG Research resumed coverage of Oportun Financial with a rating of Buy and set a new price target of $7.00

Keefe Bruyette downgraded Oportun Financial from Outperform to Mkt Perform and set a new price target of $4.00 from $9.00 previously

Barclays downgraded Oportun Financial from Overweight to Equal Weight and set a new price target of $6.00 from $7.00 previously

Loop Capital initiated coverage of Oportun Financial with a rating of Buy and set a new price target of $24.00

JP Morgan upgraded Oportun Financial from Neutral to Overweight and set a new price target of $23.00 from $27.00 previously

Barclays reiterated coverage of Oportun Financial with a rating of Overweight and set a new price target of $27.00 from $28.00 previously

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