Oportun appoints Scott Scheirman to its Board of Directors, enhancing leadership with his extensive financial services experience.
Quiver AI Summary
Oportun, a financial services company focused on helping its members achieve their financial goals, announced the appointment of Scott Scheirman to its Board of Directors, effective August 11, 2026. Scheirman will serve as Chair of the Audit & Risk Committee and as a member of the Compensation & Leadership Committee, expanding the Board to eight members. He has over 30 years of experience in executive leadership and finance within the financial services industry and previously served as CEO of CPI Card Group and held various executive roles at Western Union and First Data Corporation. Oportun's leadership highlighted Scheirman’s strategic and operational expertise as valuable for enhancing the company’s strategy and growth.
Potential Positives
- Scott Scheirman brings over three decades of executive leadership and finance experience, enhancing the expertise of Oportun’s Board of Directors.
- His appointment as Chair of the Audit & Risk Committee indicates a strong focus on governance and risk management.
- Oportun's commitment to board refreshment and diverse perspectives aligns with best practices in corporate governance.
- The addition of Scheirman is expected to strengthen Oportun's strategy and execution, contributing to sustainable and profitable growth.
Potential Negatives
- The announcement of a new board member may indicate an acknowledgment of existing governance issues that necessitate board refreshment.
- There is no mention of specific strategic initiatives or solutions to existing challenges facing the company, which may indicate a lack of a clear forward-looking plan.
- Scott Scheirman’s previous leadership role at CPI Card Group Inc., which underwent challenges during his tenure, may raise concerns about his effectiveness in guiding Oportun through its own potential obstacles.
FAQ
Who is Scott Scheirman and what is his new role at Oportun?
Scott Scheirman has joined Oportun's Board of Directors as an independent director and will chair the Audit & Risk Committee.
What experience does Scott Scheirman bring to Oportun's Board?
Scott has over 30 years of executive leadership in financial services, payments, and risk management, enhancing Oportun's expertise.
How many directors are on Oportun's Board now?
With Scott Scheirmann's appointment, Oportun's Board now consists of eight directors.
What is Oportun's mission as a financial services company?
Oportun aims to empower members to achieve their financial goals through intelligent borrowing, savings, and budgeting capabilities.
How has Oportun performed in terms of credit provided to members?
Oportun has provided over $22.7 billion in responsible credit and saved members more than $2.5 billion in interest and fees.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OPRT Insider Trading Activity
$OPRT insiders have traded $OPRT stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $OPRT stock by insiders over the last 6 months:
- PATRICK KIRSCHT (Chief Credit Officer) has made 0 purchases and 4 sales selling 54,299 shares for an estimated $266,065.
- KATHLEEN I. LAYTON (Chief Legal Officer) has made 0 purchases and 3 sales selling 19,355 shares for an estimated $94,839.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$OPRT Revenue
$OPRT had revenues of $233.3M in Q2 2026. This is a decrease of -0.45% from the same period in the prior year.
You can track OPRT financials on Quiver Quantitative's OPRT stock page.
You can access data on OPRT stock through the Quiver Quantitative API.
$OPRT Hedge Fund Activity
We have seen 69 institutional investors add shares of $OPRT stock to their portfolio, and 57 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FORAGER CAPITAL MANAGEMENT, LLC added 981,726 shares (+41.2%) to their portfolio in Q1 2026, for an estimated $4,525,756
- MEROS INVESTMENT MANAGEMENT, LP added 726,385 shares (+inf%) to their portfolio in Q1 2026, for an estimated $3,348,634
- SEGALL BRYANT & HAMILL, LLC removed 638,592 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $3,646,360
- BOSTON PARTNERS removed 597,328 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,753,682
- AQR CAPITAL MANAGEMENT LLC added 589,037 shares (+590.2%) to their portfolio in Q1 2026, for an estimated $2,715,460
- GLYNN CAPITAL MANAGEMENT LLC removed 588,233 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,711,754
- ACADIAN ASSET MANAGEMENT LLC removed 541,542 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,496,508
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$OPRT Price Targets
Multiple analysts have issued price targets for $OPRT recently. We have seen 2 analysts offer price targets for $OPRT in the last 6 months, with a median target of $7.0.
Here are some recent targets:
- Richard Shane from JP Morgan set a target price of $5.0 on 04/09/2026
- Vincent Caintic from BTIG set a target price of $9.0 on 02/27/2026
Full Release
SAN MATEO, Calif., Aug. 13, 2026 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced Scott Scheirman has joined its Board of Directors as an independent Director, effective August 11, 2026. He will serve as Chair of the Board’s Audit & Risk Committee and as a member of its Compensation & Leadership Committee. With his appointment, Oportun’s Board now includes eight directors.
Scheirman brings more than three decades of executive leadership and finance experience across financial services, payments, risk management, and capital markets. He most recently served as President and Chief Executive Officer of CPI Card Group Inc. from October 2017 until his retirement in January 2024, after joining its board of directors in 2016. Previously, Scheirman was Chief Executive Officer and co-founder of JKL Ventures LLC, a private investment and strategic advisory firm. He also served as Executive Vice President and Chief Financial Officer of The Western Union Company and held executive leadership and financial roles at First Data Corporation, now Fiserv. Scheirman began his career at Ernst & Young LLP and holds a Bachelor of Science degree in Business Administration with an emphasis in Accounting from the University of Northern Colorado.
“Oportun is committed to thoughtful Board refreshment and maintaining the right mix of experience and perspectives to support effective oversight. Scott brings significant strategic planning and public company leadership experience as a former CEO and CFO, as well as a deep understanding of financial services, and will be a valuable addition to the Board,” said Ginny Lee, Chair of Oportun’s Nominating, Governance & Social Responsibility Committee.
“Scott brings the perspective of an experienced operator and a practical understanding of how strong financial businesses create value over time,” said Doug Bland, Chief Executive Officer of Oportun. “His perspective will be especially valuable as we continue to enhance our strategy, strengthen execution and build sustainable, profitable growth."
About Oportun
Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members' financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $22.7 billion in responsible and affordable credit, saved its members more than $2.5 billion in interest and fees, and helped its members set aside an average of more than $1,800 annually. For more information, visit oportun.com .
Investor Contact
Dorian Hare
(650) 590-4323
[email protected]
Media Contact
Michael Azzano
Cosmo PR for Oportun
[email protected]
(415) 596-1978
