Open Lending Co. (NASDAQ:LPRO) Director Sells $362,500.00 in Stock

Open Lending Co. (NASDAQ:LPROGet Free Report) Director John Joseph Flynn sold 50,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $7.25, for a total value of $362,500.00. Following the transaction, the director now owns 2,079,666 shares of the company’s stock, valued at approximately $15,077,578.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

John Joseph Flynn also recently made the following trade(s):

  • On Monday, January 22nd, John Joseph Flynn sold 50,000 shares of Open Lending stock. The shares were sold at an average price of $7.60, for a total value of $380,000.00.
  • On Monday, January 8th, John Joseph Flynn sold 50,000 shares of Open Lending stock. The shares were sold at an average price of $7.83, for a total value of $391,500.00.
  • On Thursday, December 21st, John Joseph Flynn sold 50,000 shares of Open Lending stock. The shares were sold at an average price of $8.31, for a total value of $415,500.00.

Open Lending Trading Up 1.8 %

Shares of NASDAQ:LPRO opened at $7.50 on Monday. The business’s 50-day moving average is $7.58 and its 200 day moving average is $7.51. Open Lending Co. has a 1 year low of $4.89 and a 1 year high of $11.99. The firm has a market capitalization of $898.13 million, a P/E ratio of 41.67 and a beta of 1.02. The company has a debt-to-equity ratio of 0.66, a current ratio of 14.71 and a quick ratio of 14.71.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LPRO shares. Raymond James decreased their target price on Open Lending from $12.00 to $8.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. JMP Securities boosted their price target on Open Lending from $7.00 to $9.00 and gave the stock a “market outperform” rating in a research report on Friday, January 12th. Canaccord Genuity Group lowered Open Lending from a “buy” rating to a “hold” rating and reduced their price target for the stock from $20.00 to $5.50 in a research report on Wednesday, November 8th. TheStreet lowered Open Lending from a “c” rating to a “d+” rating in a research report on Monday, November 20th. Finally, Needham & Company LLC reduced their price target on Open Lending from $13.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, November 9th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.67.

Get Our Latest Stock Analysis on Open Lending

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Aigen Investment Management LP acquired a new position in Open Lending during the 4th quarter valued at about $121,000. Trexquant Investment LP grew its stake in Open Lending by 77.0% during the 4th quarter. Trexquant Investment LP now owns 77,280 shares of the company’s stock valued at $658,000 after purchasing an additional 33,625 shares during the last quarter. UBS Group AG grew its stake in Open Lending by 2.0% during the 4th quarter. UBS Group AG now owns 128,080 shares of the company’s stock valued at $1,090,000 after purchasing an additional 2,562 shares during the last quarter. Norges Bank purchased a new stake in Open Lending during the 4th quarter valued at about $5,671,000. Finally, Principal Financial Group Inc. grew its stake in Open Lending by 29.7% during the 4th quarter. Principal Financial Group Inc. now owns 52,488 shares of the company’s stock valued at $447,000 after purchasing an additional 12,021 shares during the last quarter. 88.87% of the stock is owned by institutional investors and hedge funds.

Open Lending Company Profile

(Get Free Report)

Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance companies of automakers in the United States. It offers Lenders Protection Program (LPP), which is a cloud-based automotive lending platform that provides loan analytics solutions and automated issuance of credit default insurance with third-party insurance providers.

See Also

Insider Buying and Selling by Quarter for Open Lending (NASDAQ:LPRO)

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