Open Lending Co. (NASDAQ: LPRO) Insider Sells $ 1,059,300.00 in Stock


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.

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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 “buy” 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 “buy” 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 “hold” rating to a “sell” 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 “Buy” 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.

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Insider buys and sells by quarter for open loans (NASDAQ: LPRO)

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