Oportun Financial Corporation provides financial services in the United States. It offers personal loans, auto loans, and credit cards. The company serves customers online and over-the-phone, as well as through retail locations. Oportun Financial Corporation was founded in 2005 and is headquartered in San Carlos, California.
IPO Year: 2019
Exchange: NASDAQ
Website: oportun.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/5/2025 | $10.00 | Buy | BTIG Research |
| 3/15/2024 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 3/14/2024 | $9.00 → $3.50 | Buy → Hold | Jefferies |
| 10/17/2023 | $7.00 → $8.00 | Overweight → Neutral | JP Morgan |
| 6/29/2023 | $9.00 | Buy | B. Riley Securities |
| 6/14/2023 | $7.00 | Buy | BTIG Research |
| 3/14/2023 | $9.00 → $4.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 1/6/2023 | $7.00 → $6.00 | Overweight → Equal Weight | Barclays |
| 3/14/2022 | $24.00 | Buy | Loop Capital |
| 1/19/2022 | $27.00 → $23.00 | Neutral → Overweight | JP Morgan |
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GAAP Net income of $9.8 million increased $36 million year-over-year GAAP EPS of $0.21 increased $0.89 year-over-year Adjusted EPS of $0.40 increased $0.31 year-over-year Operating expenses of $93 million reduced 15% year-over-year Reiterating full year 2025 credit performance and profit expectations SAN CARLOS, Calif., May 08, 2025 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ:OPRT) ("Oportun", or the "Company") today reported financial results for the first quarter ended March 31, 2025. "We started 2025 with a strong first quarter, building on the momentum from last year. I'm pleased to report our second consecutive quarter of GAAP profitability, with net
Highlights that the Legacy Directors' Latest Entrenchment Maneuver Appears to be an Attempt to Allow Them to Retain Control of the Board Over New Independent Directors Criticizes Decision Not to Re-Nominate Highly Qualified Director Scott Parker Urges Stockholders to Replace Raul Vazquez on Board with Warren Wilcox at 2025 Annual Meeting NEW YORK, May 8, 2025 /PRNewswire/ -- Findell Capital Management LLC (collectively with its affiliates, "Findell" or "we"), the single largest stockholder of Oportun Financial Corporation (NASDAQ:OPRT) ("Oportun" or the "Company"), responded today to Oportun's announcement that the size of its Board of Directors (the "Board") would be reduced from 10 to eigh
SAN CARLOS, Calif., May 07, 2025 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, today announced that its Board of Directors will nominate Carlos Minetti and Raul Vazquez for election at the Company's 2025 Annual Meeting of Shareholders (the "Annual Meeting"). Scott Parker and R. Neil Williams will not stand for reelection at the Annual Meeting, and the Board will be reduced from ten to eight members at that time. If the Board's recommended candidates are elected, three of the Board's seven independent directors will have joined the Board within eighteen months of the Annual Meeting. Following the conclusion of Mr. Williams' tenure on the Board, the
Calls for Urgent Board Change Following Years of Strategic Missteps and Value Destruction Urges Stockholders to Elect Warren Wilcox, an Independent Director Candidate with Deep Consumer Finance Experience, to End Majority Control by Entrenched Legacy Board Members Believes Oportun Must Refocus on Lending and Improve Governance to Realize Full Potential Launches Campaign Website: www.OpportunityAtOportun.com NEW YORK, May 5, 2025 /PRNewswire/ -- Findell Capital Management LLC (collectively with its affiliates, "Findell" or "we"), which beneficially owns approximately 9.5% of the outstanding common stock of Oportun Financial Corporation (the "Company") (NASDAQ:OPRT), today issued a public let
SAN CARLOS, Calif., April 24, 2025 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, will release financial results for its first quarter 2025 on Thursday, May 8, 2025, after market close. Oportun will host a conference call and earnings webcast to discuss results on Thursday, May 8, 2025, 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 1-888-396-8049 (toll-free) or 1-416-764-8646 (international). Participants should call in 10 minutes prior to the sc
SAN CARLOS, Calif., April 02, 2025 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, today announced the closing of a new warehouse facility. Features of this facility include: $187.5 million total commitmentNatixis Corporate & Investment Banking, as senior lenderNeuberger Berman, on behalf of client funds, as mezzanine lenderTwo-year revolving periodCollateralization by Oportun's unsecured and secured personal loan originations "This new warehouse facility materially increases Oportun's warehouse capacity with a diversified group of lenders," said Paul Appleton, Interim Chief Financial Officer of Oportun. "With the support of Natixis and Neuberger B
SAN CARLOS, Calif., March 27, 2025 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, today confirmed receipt of a notice from Findell Capital Management LLC ("Findell") nominating two directors to stand for election to the Oportun Board of Directors (the "Board") at the Company's 2025 Annual Meeting of Shareholders. The Board issued the following statement in response: Over the past three years, the Oportun Board of Directors has overseen decisive and deliberate actions to put the company on a strong path for long-term profitable growth. These actions, which we summarized in our press release on March 20, 2025, have led to improved credit performance,
Expresses Confidence in Expertise and Experience of Ms. Bell and Mr. Wilcox to Drive Much-Needed Governance and Operational Improvements Points Out Record of Value Destruction by Management and Legacy Board, Credits Recent Stock Price Improvement to Findell's Involvement and Oversight Provided by New Directors NEW YORK, March 27, 2025 /PRNewswire/ -- Findell Capital Management LLC ("Findell"), which beneficially owns approximately 9.2% of the outstanding common stock of Oportun Financial Corporation ("Oportun"), today issued an open letter to the board of directors ("Board") and shareholders of Oportun (NASDAQ:OPRT) responding to the Board's comments of March 20, 2025 and announcing that it
SAN CARLOS, Calif., March 20, 2025 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, today issued the following statement regarding a public letter from Findell Capital Management LLC ("Findell"): Oportun's management team and Board of Directors maintain consistent and open dialogue with our shareholders and welcome constructive feedback. We have engaged actively, repeatedly and in good faith with Findell for some time, striving to foster a constructive and collaborative relationship, with the goal of enhancing value for all shareholders. The Board and management have driven significant improvements in Oportun's performance by taking decisive act
Announces Intent to Nominate Two Highly Qualified Director Candidates With Lending Experience to Replace CEO Raul Vasquez and Lead Director R. Neil Williams Criticizes Inexperienced Legacy Board Members for Standing in the Way of Significant Shareholder Value Creation Believes Oportun Is Significantly Undervalued NEW YORK, March 20, 2025 /PRNewswire/ -- Findell Capital Management LLC ("Findell"), which beneficially owns approximately 9.1% of the outstanding common stock of Oportun Financial Corporation ("Oportun" or the "Company"), today issued an open letter to the board of directors ("Board") and shareholders of Oportun (NASDAQ:OPRT) laying out the case for change to the leadership and co
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Calls for Urgent Board Change Following Years of Strategic Missteps and Value Destruction Urges Stockholders to Elect Warren Wilcox, an Independent Director Candidate with Deep Consumer Finance Experience, to End Majority Control by Entrenched Legacy Board Members Believes Oportun Must Refocus on Lending and Improve Governance to Realize Full Potential Launches Campaign Website: www.OpportunityAtOportun.com NEW YORK, May 5, 2025 /PRNewswire/ -- Findell Capital Management LLC (collectively with its affiliates, "Findell" or "we"), which beneficially owns approximately 9.5% of the outstanding common stock of Oportun Financial Corporation (the "Company") (NASDAQ:OPRT), today issued a public let
SAN CARLOS, Calif., March 27, 2025 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, today confirmed receipt of a notice from Findell Capital Management LLC ("Findell") nominating two directors to stand for election to the Oportun Board of Directors (the "Board") at the Company's 2025 Annual Meeting of Shareholders. The Board issued the following statement in response: Over the past three years, the Oportun Board of Directors has overseen decisive and deliberate actions to put the company on a strong path for long-term profitable growth. These actions, which we summarized in our press release on March 20, 2025, have led to improved credit performance,
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
GAAP Net income of $9.8 million increased $36 million year-over-year GAAP EPS of $0.21 increased $0.89 year-over-year Adjusted EPS of $0.40 increased $0.31 year-over-year Operating expenses of $93 million reduced 15% year-over-year Reiterating full year 2025 credit performance and profit expectations SAN CARLOS, Calif., May 08, 2025 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ:OPRT) ("Oportun", or the "Company") today reported financial results for the first quarter ended March 31, 2025. "We started 2025 with a strong first quarter, building on the momentum from last year. I'm pleased to report our second consecutive quarter of GAAP profitability, with net
SAN CARLOS, Calif., April 24, 2025 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, will release financial results for its first quarter 2025 on Thursday, May 8, 2025, after market close. Oportun will host a conference call and earnings webcast to discuss results on Thursday, May 8, 2025, 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 1-888-396-8049 (toll-free) or 1-416-764-8646 (international). Participants should call in 10 minutes prior to the sc
Returned to GAAP profitability with net income of $9 million in fourth quarter Adjusted EBITDA of $41 million, up 315% year-over-year Quarterly annualized net charge-off rate of 11.7%, lowest since third quarter of 2022 Total quarterly operating expenses of $89 million, reduced 31% year-over-year Raising full year 2025 expectations SAN CARLOS, Calif., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (NASDAQ:OPRT) ("Oportun", or the "Company") reported financial results today for the fourth quarter and full year ended December 31, 2024. "We finished the year stronger than anticipated and believe that we've turned the corner, well-poised to capitalize on our momentum a
SAN CARLOS, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, will release financial results for its fourth quarter 2024 on Wednesday, February 12, 2025, after market close. Oportun will host a conference call and earnings webcast to discuss results on Wednesday, February 12, 2025, 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 p
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
BTIG Research initiated coverage of Oportun Financial with a rating of Buy and set a new price target of $10.00
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