oportun was formerly known as progreso financiero. only the name has changed. we continue our commitment to our mission: to provide responsible, affordable loans that help the underserved hispanic community establish credit and build a better future. oportun’s advanced data analytics and technology determines every applicant’s ability to repay, including those who do not have credit, and enables back-office efficiency. the company delivers a very supportive and welcoming service experience with bilingual staff across channels and operates over 170 locations in ca, il, tx, ut and nv. why we do it: we are committed to providing affordable and responsible credit services to the hispanic community. it is estimated that 23 million hispanics in the united states have limited or no credit history. in fact, approximately half of the company’s first-time customers do not have a credit score at all. oportun reports performance of all loans to two of the credit bureaus and enables customers
Company profile
Ticker
OPRT
Exchange
Website
CEO
Raul Vazquez
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Progreso Financiero Holdings, Inc.
SEC CIK
Corporate docs
Subsidiaries
Digit Advisors, LLC • Oportun CCW Depositor, LLC • Oportun CL Depositor, LLC • Oportun Depositor, LLC • Oportun Funding XIII, LLC • Oportun Funding XIV, LLC • Oportun Global Holdings, Inc. • Oportun Funding A, LLC • Oportun PLW Depositor, LLC • Oportun Receivables Holdings, LLC ...
IRS number
453361983
OPRT stock data
Latest filings (excl ownership)
S-8
Registration of securities for employees
18 Mar 24
10-K
2023 FY
Annual report
15 Mar 24
8-K
Entry into a Material Definitive Agreement
14 Mar 24
8-K
Oportun Reports Fourth Quarter and Full Year 2023 Financial Results
12 Mar 24
8-K
Oportun Completes $200 Million Asset Backed Securitization
14 Feb 24
8-K
Oportun Appoints Two New Independent Members to its Board of Directors
5 Feb 24
8-K
Entry into a Material Definitive Agreement
26 Dec 23
8-K
Departure of Directors or Certain Officers
11 Dec 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
Oportun Reports Third Quarter 2023 Financial Results
6 Nov 23
Transcripts
OPRT
Earnings call transcript
2023 Q4
12 Mar 24
OPRT
Earnings call transcript
2023 Q3
6 Nov 23
OPRT
Earnings call transcript
2023 Q2
8 Aug 23
OPRT
Earnings call transcript
2023 Q1
8 May 23
OPRT
Earnings call transcript
2022 Q4
13 Mar 23
OPRT
Earnings call transcript
2022 Q3
8 Nov 22
OPRT
Earnings call transcript
2022 Q2
9 Aug 22
OPRT
Earnings call transcript
2022 Q1
10 May 22
OPRT
Earnings call transcript
2021 Q4
26 Feb 22
OPRT
Earnings call transcript
2021 Q4
24 Feb 22
Latest ownership filings
SC 13G
Long Focus Capital Management, LLC
17 Apr 24
SC 13D/A
Findell Capital Partners LP
19 Mar 24
4
Casey Mueller
19 Mar 24
4
Patrick Kirscht
19 Mar 24
4
Kathleen I. Layton
19 Mar 24
4
JONATHAN AARON COBLENTZ
19 Mar 24
4
Raul Vazquez
19 Mar 24
144
Notice of proposed sale of securities
15 Mar 24
144
Notice of proposed sale of securities
15 Mar 24
144
Notice of proposed sale of securities
15 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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Operating income | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 199.65 mm | 199.65 mm | 199.65 mm | 199.65 mm | 199.65 mm | 199.65 mm |
Cash burn (monthly) | 896.67 k | 6.05 mm | 12.46 mm | 17.02 mm | (no burn) | (no burn) |
Cash used (since last report) | 6.01 mm | 40.50 mm | 83.43 mm | 114.03 mm | n/a | n/a |
Cash remaining | 193.64 mm | 159.14 mm | 116.21 mm | 85.61 mm | n/a | n/a |
Runway (months of cash) | 216.0 | 26.3 | 9.3 | 5.0 | n/a | n/a |
Institutional ownership, Q3 2023
88.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 94 |
Opened positions | 18 |
Closed positions | 20 |
Increased positions | 29 |
Reduced positions | 26 |
13F shares | Current |
---|---|
Total value | 153.26 bn |
Total shares | 30.41 mm |
Total puts | 800.00 |
Total calls | 5.30 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Institutional Venture Partners XIV | 3.41 mm | $69.03 mm |
Institutional Venture Management XIV | 3.05 mm | $22.01 bn |
Ellington Management | 2.73 mm | $7.74 mm |
EMG | 2.49 mm | $18.01 bn |
Kayne Anderson Rudnick Investment Management | 2.15 mm | $15.49 bn |
Greylock XII Limited Partnership | 1.48 mm | $0.00 |
BLK Blackrock | 1.47 mm | $10.62 bn |
Vanguard | 1.43 mm | $10.29 bn |
Park West Asset Management | 1.34 mm | $9.70 bn |
Long Focus Capital Management | 1.07 mm | $7.69 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 24 | Casey Mueller | Common Stock | Payment of exercise | Dispose F | No | No | 3.03 | 2,759 | 8.36 k | 184,735 |
15 Mar 24 | Casey Mueller | Common Stock | Payment of exercise | Dispose F | No | No | 3.03 | 667 | 2.02 k | 187,494 |
15 Mar 24 | Casey Mueller | Common Stock | Payment of exercise | Dispose F | No | No | 3.03 | 142 | 430.26 | 188,161 |
15 Mar 24 | Casey Mueller | Common Stock | Payment of exercise | Dispose F | No | No | 3.03 | 717 | 2.17 k | 188,303 |
15 Mar 24 | Kathleen I. Layton | Common Stock | Payment of exercise | Dispose F | No | No | 3.03 | 5,652 | 17.13 k | 77,338 |
15 Mar 24 | Kathleen I. Layton | Common Stock | Payment of exercise | Dispose F | No | No | 3.03 | 1,545 | 4.68 k | 82,990 |
15 Mar 24 | Kathleen I. Layton | Common Stock | Payment of exercise | Dispose F | No | No | 3.03 | 505 | 1.53 k | 84,535 |
15 Mar 24 | Kathleen I. Layton | Common Stock | Payment of exercise | Dispose F | No | No | 3.03 | 660 | 2.00 k | 85,040 |
15 Mar 24 | Jonathan Aaron Coblentz | Common Stock | Payment of exercise | Dispose F | No | No | 3.52 | 2,335 | 8.22 k | 211,521 |
15 Mar 24 | Jonathan Aaron Coblentz | Common Stock | Payment of exercise | Dispose F | No | No | 3.52 | 6,210 | 21.86 k | 213,856 |
News
JMP Securities Downgrades Oportun Financial to Market Perform
15 Mar 24
Keefe, Bruyette & Woods Maintains Market Perform on Oportun Financial, Lowers Price Target to $4
14 Mar 24
Jefferies Downgrades Oportun Financial to Hold, Lowers Price Target to $3.5
14 Mar 24
JMP Securities Reiterates Market Outperform on Oportun Financial, Maintains $6.5 Price Target
13 Mar 24
Oportun Financial Q4 2023 Adj EPS $(0.54) Misses $(0.37) Estimate, Sales $262.600M Beat $262.305M Estimate
12 Mar 24
Press releases
Concerned Shareholders Issue Letter to Oportun Financial Corporation's Board of Directors Regarding the Urgent Need for Changes in Management and Strategy
1 Apr 24
Oportun Wins "Best Use of AI in FinTech" at 2024 FinTech Breakthrough Awards
18 Mar 24
Sidoti Events, LLC's Virtual March Small-Cap Conference
12 Mar 24
Oportun Completes $200 Million Asset Backed Securitization
13 Feb 24
Oportun Appoints Two New Independent Members to its Board of Directors
5 Feb 24