24/7 Market News Snapshot 14 February, 2025 – Oportun Financial Corporation Common Stock (NASDAQ:OPRT)

February 14, 2025

DENVER, Colo., 14 February, 2025 (247marketnews.com) – (NASDAQ:OPRT) are discussed in this article.
Oportun Financial Corporation has recently demonstrated substantial momentum in the market, opening at $6.55 and surging by nearly 25% to reach a current trading price of $8.00, with trading volumes hitting 1.74 million shares. This rise not only reflects heightened investor interest but also signals a robust market sentiment around the company’s financial performance and strategic innovations in providing accessible financial solutions.

In a noteworthy announcement, Oportun reported remarkable achievements in its financial performance for the fourth quarter and full year 2024. The company returned to GAAP profitability with Q4 earnings surpassing expectations, achieving total revenues of $251 million. Adjusted earnings per share (EPS) for Q4 were $0.49, a significant improvement from $(0.21) in the same quarter last year, while adjusted EPS for the full year rose to $0.69 from $(1.93) in 2023. This dramatic turnaround highlights the firm’s commitment to restoring value to its stakeholders amidst a challenging economic landscape.

Oportun’s operational metrics also showcased substantive improvements, with total loan originations increasing to $522.1 million, marking a robust 19.4% year-over-year growth. The company successfully reduced its annualized net charge-off rate to 11.7%, the lowest since Q3 2022, indicating enhanced credit quality and effective risk management strategies.

Moreover, through strategic cost management, adjusted operating expenses decreased by 17% year-over-year. With ambitious revenue projections of $945-$970 million for FY 2025 and adjusted EBITDA anticipated between $135-$145 million, Oportun is focused on driving growth. The company expects a continued yearly loan origination increase of 10-15% along with an annualized net charge-off rate target of 11.5%. With a long-term goal of achieving a return on equity of 20%-28%, Oportun remains dedicated to empowering consumers through responsible and innovative financial services.

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