Open Lending Co. insider (NASDAQ: LPRO) John joseph flynn sold 30,000 shares of the company in a transaction dated Wednesday, October 20. The shares were sold at an average price of $ 35.31, for a total trade of $ 1,059,300.00. The sale was disclosed in a file with the SEC, which can be accessed through the SEC website.
John Joseph Flynn also recently completed the following transactions:
- On Monday October 11, John Joseph Flynn sold 30,000 Open Lending shares. The shares were sold at an average price of $ 33.22, for a total trade of $ 996,600.00.
- On Monday, September 20, John Joseph Flynn sold 30,000 shares of Open Lending. The shares were sold at an average price of $ 38.55, for a total trade of $ 1,156,500.00.
NASDAQ LPRO shares traded down $ 1.42 on Friday, reaching $ 33.24. 19,835 shares of the company were traded in the hands, compared to its average volume of 584,022. Open Lending Co. has a 12-month low of $ 24.67 and a 12-month high of $ 44.00. The company’s 50-day simple moving average is $ 36.88 and its two-hundred-day simple moving average is $ 38.00. The company has a market cap of $ 4.19 billion, a price-to-earnings ratio of 168.80 and a beta of 0.38. The company has a rapid ratio of 9.13, a current ratio of 9.13 and a debt ratio of 1.49.
Open Lending (NASDAQ: LPRO) last reported its results on Monday, August 9. The company reported earnings per share of $ 0.60 for the quarter, beating the consensus estimate of $ 0.17 by the Zacks by $ 0.43. Open Lending had a net margin of 18.85% and a return on equity of 158.97%. The company posted revenue of $ 61.13 million in the quarter, compared to a consensus estimate of $ 48.96 million. In the same quarter of last year, the company made earnings per share ($ 1.01). The company’s revenue for the quarter increased 177.0% year-over-year. Analysts expect Open Lending Co. to post earnings per share of 0.86 for the current fiscal year.
Major investors have recently bought and sold shares in the company. Wolverine Asset Management LLC purchased a new equity stake in Open Lending during the first quarter valued at approximately $ 30,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new equity stake in Open Lending during the first quarter valued at approximately $ 33,000. Corsicana & Co. acquired a new equity interest in Open Lending during the second quarter valued at approximately $ 43,000. US Bancorp DE purchased a new equity stake in Open Lending during the second quarter valued at approximately $ 58,000. Finally, PNC Financial Services Group Inc. purchased a new stake in Open Lending shares during the second quarter valued at approximately $ 72,000. Hedge funds and other institutional investors hold 80.97% of the company’s shares.
A number of stock analysts have recently published reports on LPRO stocks. Canaccord Genuity raised its price target for Open Lending stocks from $ 45 to $ 55 and gave the stock a â€œbuyâ€ rating in a research note on Monday, June 28. Needham & Company LLC increased its price target for Open Lending shares from $ 50.00 to $ 53.00 and gave the stock a “buy” rating in a research note on Wednesday August 11. . DA Davidson raised his target price for the Open Lending stocks from $ 45 to $ 50.00 and assigned the stock a â€œbuyâ€ rating in a research note on Friday, August 13. Raymond James reduced his price target on Open Lending shares from $ 57.00 to $ 52.00 and established a strong buy rating for the company in a research note on Wednesday, August 11. Ultimately, Zacks investment research downgraded Open Lending stocks from a â€œholdâ€ rating to a â€œsellâ€ rating in a Wednesday October 13th research note. One stock research analyst rated the stock with a sell rating, three assigned a conservation rating, seven assigned a buy rating, and one assigned a high buy rating to the stock. Based on data from MarketBeat, Open Lending has a consensus rating of â€œBuyâ€ and a consensus price target of $ 44.64.
Open Loan Company Profile
Open Lending Corp. provides loan activation and risk analysis to credit unions, regional banks and OEM Captives. It specializes in risk-based pricing and modeling and provides automated decision technology to auto lenders across the United States.
Featured Article: What’s Included in Gross Domestic Product?
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [emailÂ protected]
Should you invest $ 1,000 in Open Lending right now?
Before you consider Open Lending, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the larger market takes hold ofâ€¦ and Open Lending was not on the list.
While Open Lending currently has a â€œBuyâ€ rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here