OPRT Oportun Financial
Oportun Financial Corp. is a holding company, which engages in the provision of financial services for customers with credit invisibles. It offers small dollar, unsecured instalment loans through its proprietary lending platform. The company was founded in August 2005 and is headquartered in San Carlos, CA.
Company profile
Ticker
OPRT
Exchange
Website
CEO
Raul Vazquez
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
Progreso Financiero Holdings, Inc.
SEC CIK
Corporate docs
IRS number
453361983
OPRT stock data
()
News
Stocks That Hit 52-Week Highs On Monday
15 Mar 21
Stocks That Hit 52-Week Highs On Wednesday
10 Mar 21
Oportun Financial Says On March 3 Received Civil Investigative Demand From Consumer Financial Protection Bureau
4 Mar 21
Barclays Maintains Overweight on Oportun Financial, Raises Price Target to $24
19 Feb 21
Oportun Financial: Q4 Earnings Insights
18 Feb 21
Press releases
Oportun to report first quarter 2021 financial results on Thursday, May 6, 2021
15 Apr 21
Oportun Completes $375 Million Asset-backed Securitization
8 Mar 21
Oportun Reports Fourth Quarter 2020 Results
18 Feb 21
Oportun Financial Corp to Host Earnings Call
18 Feb 21
Oportun to report fourth quarter 2020 financial results on Thursday, February 18, 2021
1 Feb 21
Investment data
Securities sold
Number of investors
Calendar
22 Feb 21
19 Apr 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Annual (USD) |
Dec 20 | Dec 19 | |
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Financial data from company earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 168.59M | 168.59M | 168.59M | 168.59M | 168.59M | 168.59M |
| Cash burn (monthly) | (positive/no burn) | (positive/no burn) | (positive/no burn) | 4.84M | 19.59M | 5.64M |
| Cash used (since last report) | n/a | n/a | n/a | 17.52M | 70.92M | 20.43M |
| Cash remaining | n/a | n/a | n/a | 151.07M | 97.67M | 148.16M |
| Runway (months of cash) | n/a | n/a | n/a | 31.2 | 5.0 | 26.3 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 21 | Williams R Neil | Common Stock | Grant | Aquire A | No | No | 0 | 794 | 0 | 18,627 |
| 31 Mar 21 | Pascarella Carl | Common Stock | Grant | Aquire A | No | No | 0 | 993 | 0 | 135,231 |
| 31 Mar 21 | Strohm David N | Common Stock | Grant | Aquire A | No | No | 0 | 755 | 0 | 18,397 |
| 30 Mar 21 | Joan Aristei | Common Stock | Payment of exercise | Dispose F | No | No | 20.24 | 293 | 5.93K | 64,681 |
| 30 Mar 21 | Joan Aristei | Common Stock | Option exercise | Aquire M | No | No | 0 | 847 | 0 | 64,974 |
| 30 Mar 21 | Joan Aristei | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 847 | 0 | 0 |
| 30 Mar 21 | David Anthony Needham | Common Stock | Payment of exercise | Dispose F | No | No | 20.24 | 40 | 809.6 | 43,530 |
| 30 Mar 21 | David Anthony Needham | Common Stock | Option exercise | Aquire M | No | No | 0 | 114 | 0 | 43,570 |
| 30 Mar 21 | David Anthony Needham | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 114 | 0 | 0 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
81.4% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 75 |
| Opened positions | 12 |
| Closed positions | 3 |
| Increased positions | 32 |
| Reduced positions | 13 |
13F shares |
Current |
|---|---|
| Total value | 435.49M |
| Total shares | 22.48M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| Institutional Venture Management XIV | 3.85M | $74.55M |
| Kayne Anderson Rudnick Investment Management | 3.57M | $69.12M |
| Greylock XII Limited Partnership | 2.88M | $55.88M |
| BLK Blackrock | 1.97M | $38.17M |
| Madrone Partners | 1.54M | $29.84M |
| Ashford Capital Management | 1.2M | $23.29M |
| GLYNN Capital Management | 1.19M | $22.98M |
| Vanguard | 958.86K | $18.57M |
| Clearbridge Advisors | 831.42K | $16.11M |
| CRV | 819.76K | $15.88M |
Financial report summary
?Risks
- The global COVID-19 pandemic has and may continue to adversely impact our business operations, financial performance and results of operations.
- Our business may be adversely affected by disruptions in the credit markets, including reduction in our ability to finance our business.
- We may change our strategy or underwriting and servicing practices, which may adversely affect our business.
- You may be diluted by the future issuance of additional common stock in connection with our equity incentive plans, acquisitions or otherwise.
- The price of our common stock may be volatile, and you could lose all or part of your investment.
- If financial or industry analysts do not publish research or reports about our business, or if they issue an adverse or misleading opinion regarding our stock, our stock price and trading volume could decline.
- Our directors, officers, and principal stockholders have substantial control over our company, which could limit your ability to influence the outcome of key transactions, including a change of control.
- The requirements of being a public company may strain our resources, divert management’s attention and affect our ability to attract and retain qualified Board members.
- Our amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware or the U.S. federal district courts will be the exclusive forums for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or other employees.
Management Discussion
- Total Revenue. Total revenue decreased by $16.4 million, or 2.7%, from $600.1 million for 2019 to $583.7 million for 2020.
- Interest income. Total interest income increased by $1.3 million, or 0.2%, from $544.1 million for 2019 to $545.5 million for 2020. The increase is primarily attributable to growth in our Average Daily Principal Balance, which grew from $1.62 billion for 2019 to $1.70 billion for 2020, an increase of 4.8%. The increase is the result of the stabilization of the portfolio subsequent to the issuance of shelter in place orders which began in March 2020 as a result of the onset of the COVID-19 pandemic and a strong rebound in originations beginning in the second quarter of 2020 and continuing through year-end. This was offset by a decrease in portfolio yield of 143 basis points as we originated more loans to returning customers, who generally receive lower rates, due to having tightened our underwriting criteria in response to the COVID-19 pandemic and our decision to cap the APR at 36% on all new originations as of August 6, 2020, which reduced the interest rates and origination fees on new loans.
- Non-interest income. Total non-interest income decreased by $17.8 million, or 31.7%, from $56.0 million for 2019 to $38.3 million for 2020. Under our whole loan sale programs, gain on loans sold decreased by $16.2 million, or 44.4% due to a decline in loans sold resulting from lower originations as a result of the impact of the COVID-19 pandemic and our decision to sell 10% versus 15% of originated loans.
Content analysis
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H.S. junior Good
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Current reports
8-K
Termination of a Material Definitive Agreement
9 Apr 21
8-K
Oportun Completes $375 Million Asset-backed Securitization
8 Mar 21
8-K
Other Events
4 Mar 21
8-K
Oportun Reports Fourth Quarter 2020 Results
18 Feb 21
8-K
Entry into a Material Definitive Agreement
11 Feb 21
8-K
Regulation FD Disclosure
23 Nov 20
8-K
Oportun Reports Third Quarter 2020 Financial Results
10 Nov 20
8-K
Entry into a Material Definitive Agreement
5 Nov 20
8-K
Departure of Directors or Certain Officers
14 Sep 20
8-K
Oportun Reports Second Quarter 2020 Financial Results
6 Aug 20
Registration and prospectus
S-8
Registration of securities for employees
22 Feb 21
S-8
Registration of securities for employees
4 Mar 20
S-8
Registration of securities for employees
27 Sep 19
424B4
Prospectus supplement with pricing info
26 Sep 19
8-A12B
Registration of securities on exchange
16 Sep 19
S-1/A
IPO registration (amended)
16 Sep 19
S-1/A
IPO registration (amended)
23 Aug 19
S-1
IPO registration
17 Jul 19
DRS/A
Draft registration statement (amended)
24 Jun 19
DRSLTR
Correspondence regarding draft registration statement
24 Jun 19
Ownership
4
Oportun Financial / DAVID N STROHM ownership change
1 Apr 21
4
Oportun Financial / CARL PASCARELLA ownership change
1 Apr 21
4
Oportun Financial / R Neil Williams ownership change
1 Apr 21
4
Oportun Financial / David Anthony Needham ownership change
31 Mar 21
4
Oportun Financial / Joan Aristei ownership change
31 Mar 21
4
Oportun Financial / Patrick Kirscht ownership change
25 Mar 21
4
Oportun Financial / JONATHAN AARON COBLENTZ ownership change
12 Mar 21
4
Oportun Financial / David Anthony Needham ownership change
12 Mar 21
4
Oportun Financial / Raul Vazquez ownership change
12 Mar 21
4
Oportun Financial / Patrick Kirscht ownership change
12 Mar 21
Reddit threads
Daily Discussion Thread - February 18th, 2021
18 Feb 21
Daily Discussion Thread - February 17th, 2021
17 Feb 21
Daily Discussion Thread - February 16th, 2021
16 Feb 21
Daily Discussion Thread - February 15th, 2021
15 Feb 21
Daily Discussion Thread - November 10th, 2020
10 Nov 20
Daily Discussion Thread - November 9th, 2020
9 Nov 20