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Oportun Financial Corp - OPRT STOCK NEWS

Welcome to our dedicated news page for Oportun Financial (Ticker: OPRT), a resource for investors and traders seeking the latest updates and insights on Oportun Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Oportun Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Oportun Financial's position in the market.

News
Oportun Announces Preliminary Q1 2024 Financial Information
Rhea-AI Summary
Oportun Financial , a mission-driven fintech, announced preliminary unaudited financial metrics for Q1 2024. Total Revenue expected at $248-$250 million, Net Charge-Off Rate at 12.0%, 30+ Day Delinquency Rate at 5.2%, Net Loss at $(30)-$(26) million, Adjusted EBITDA at $0-$4 million, and Adjusted Net Income at $0-$4 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
40%
Tags
earnings
-
News
Oportun Appoints Scott Parker to its Board of Directors in Cooperation with Findell Capital
Rhea-AI Summary
Oportun, a mission-driven fintech company, appoints Scott Parker as a new independent director and Richard Tambor as an observer to its Board of Directors. The appointments are in cooperation with Findell Capital Management , an investment firm owning approximately 7.7% of Oportun's outstanding common shares. The move is part of a Board refreshment process to enhance shareholder value and leverage their expertise in consumer finance and risk management. The Agreement includes standstill, voting, non-disparagement, and other provisions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
40%
Tags
management
-
News
Concerned Shareholders Issue Letter to Oportun Financial Corporation’s Board of Directors Regarding the Urgent Need for Changes in Management and Strategy
Rhea-AI Summary
Bradley Radoff and Josh Schechter, Concerned Shareholders of Oportun Financial (OPRT), urge the Board to replace CEO Raul Vazquez due to significant share price decline and poor financial performance. They emphasize the need for a CEO with relevant industry experience to prevent further value destruction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.47%
Tags
management
News
Oportun Wins “Best Use of AI in FinTech” at 2024 FinTech Breakthrough Awards
Rhea-AI Summary
Oportun (OPRT) wins the 'Best Use of AI in FinTech' award at the 2024 FinTech Breakthrough Awards for its innovative AI-powered financial solutions. The company has been honored multiple times for its consumer lending products and services, showcasing its commitment to financial inclusion and empowerment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.07%
Tags
AI
-
News
Oportun Reports Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
Oportun Financial Corporation (OPRT) reports strong financial results for Q4 2023 and full year 2023 with total revenue reaching $1.1 billion, an 11% increase year-over-year. Operating expenses decreased by 15%, with an additional $30 million in expense reductions announced. The company completed a $200 million ABS deal in February at lower pricing compared to a previous transaction. Full Year 2024 guidance anticipates improved profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.2%
Tags
earnings
-
News
Oportun to Present at Sidoti March Virtual Investor Conference
Rhea-AI Summary
Oportun (OPRT) to participate in Sidoti March Virtual Investor Conference with CEO and CFO presenting. Presentation scheduled for March 14th at 2:30 pm ET. Replay available for 90 days post-conference.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.77%
Tags
conferences
News
Oportun to Report Fourth Quarter 2023 Financial Results on Tuesday, March 12, 2024
Rhea-AI Summary
Oportun (OPRT) to announce Q4 2023 financial results on March 12, 2024. Conference call and webcast scheduled for investors. Details on accessing the call and webcast provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.2%
Tags
conferences earnings
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News
Oportun Completes $200 Million Asset Backed Securitization
Rhea-AI Summary
Oportun (OPRT) announced the issuance of $200 million of fixed rate asset-backed notes secured by a pool of installment loans. The offering included four classes of notes with ratings from KBRA. The weighted average coupon was 8.434%, showcasing investor confidence in Oportun's consumer loans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.24%
Tags
none
-
News
5 Questions With Angel Jordan, Oportun's Senior Manager Security Engagement & Education
Rhea-AI Summary
Oportun's Senior Manager Security Engagement & Education, Angel N. J., discusses the company's efforts in data privacy and cybersecurity awareness. She explains her role in creating protections against cyber attacks and educating team members on security practices. Angel shares her journey into the field and her work at Oportun, highlighting her focus on cybersecurity education and talent upskilling.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.76%
Tags
none
News
Oportun Appoints Two New Independent Members to its Board of Directors
Rhea-AI Summary
Oportun (OPRT) has appointed two new independent board members, Carlos Minetti and Mohit Daswani, expanding the board to nine members. Carlos Minetti brings over 35 years of experience in consumer lending and credit risk, previously serving as President, Consumer Banking at Discover Financial Services. Mohit Daswani, the Chief Financial Officer of ThoughtSpot, Inc., has a background in finance, accounting, and executive leadership at companies like Square and PayPal. The additions are expected to strengthen Oportun's board and leadership team, providing extensive knowledge in consumer-related financial services and driving profitable, sustainable growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.76%
Tags
management
Stock OPRT logo
Oportun Financial Corp

Nasdaq:OPRT

OPRT Rankings

#4212 Ranked by Market Cap
#1985 Ranked by Stock Gains
N/A Ranked by Dividends

OPRT Stock Data

79.14M
23.63M
8.54%
86.61%
0.51%
Credit Card Issuing
Finance and Insurance
Link
US
San Carlos

About OPRT

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