Cases & investigations

Cases & investigations

Oportun Financial Corp.

Kaskela Law LLC is investigating Oportun Financial Corp. (NASDAQ: OPRT) on behalf of the company’s investors.

On November 6, 2023, Oportun reported disappointing financial and operational results for the Third Quarter of Fiscal 2023, including quarterly adjusted earnings per share (“EPS”) of negative $0.46 per share due, in large part, to a reduction in the fair value of certain loans.  Further, Oportun reported adjusted EBITDA of just $16 million for the quarter, which “fell well short of the $35 million to $40 million range” the company provided to investors just three months prior.

Following this news, shares of Oportun’s stock fell $2.85 per share, or 49% in value, to close on November 7, 2023 at $2.97 per share, on unusually heavy trading volume.

The firm’s investigation seeks to determine whether Oportun and/or the company’s officers and directors violated the securities laws or breached their fiduciary duties to the company’s shareholders.

Oportun shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, for additional information about this investigation and their legal rights and options.

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