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Open Lending Corporation (LPRO) Volatility At 3.48%, Should You Add A Position?

204 institutions hold shares in Open Lending Corporation (LPRO), with 17.1M shares held by insiders accounting for 13.48% while institutional investors hold 63.57% of the company’s shares. The shares outstanding are 128.15M, and float is at 91.07M with Short Float at 3.36%. Institutions hold 55.00% of the Float.

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The top institutional shareholder in the company is Bregal Sagemount I, L.P. with over 14.93 million shares valued at $522.07 million. The investor’s holdings represent 11.78% of the LPRO Shares outstanding. As of Dec 30, 2020, the second largest holder is Bregal North America General Partner Jersey Limited with 14.93 million shares valued at $522.07 million to account for 11.78% of the shares outstanding. The other top investors are Bregal Investments, Inc. which holds 14.93 million shares representing 11.78% and valued at over $522.07 million, while Wasatch Advisors Inc holds 7.79% of the shares totaling 9.88 million with a market value of $345.49 million.

Open Lending Corporation (NASDAQ: LPRO) is 14.22% higher on its value in year-to-date trading and has touched a low of $9.37 and a high of $43.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LPRO stock was last observed hovering at around $38.24 in the last trading session, with the day’s gains setting it 1.69% off its average median price target of $45.00 for the next 12 months. It is also 33.45% off the consensus price target high of $60.00 offered by 13 analysts, but current levels are -5.08% lower than the price target low of $38.00 for the same period.

Currently trading at $39.93, the stock is 5.86% and 5.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.58 million and changing 4.42% at the moment leaves the stock 33.49% off its SMA200. LPRO registered 290.32% gain for a year compared to 6-month gain of 48.60%. The firm has a 50-day simple moving average (SMA 50) of $37.97 and a 200-day simple moving average (SMA200) of $34.22.

The stock witnessed a 10.73% loss in the last 1 month and extending the period to 3 months gives it a 26.60%, and is 8.33% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.48% over the week and 5.02% over the month.

Open Lending Corporation (LPRO) has around 104 employees, a market worth around $4.99B and $108.90M in sales. Fwd P/E is 34.45. Profit margin for the company is -83.30%. Distance from 52-week low is 326.15% and -7.14% from its 52-week high. The company has generated returns on investments over the last 12 months (27.20%).

Open Lending Corporation (LPRO) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Open Lending Corporation (LPRO) is a “Buy”. 13 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 0 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Open Lending Corporation is expected to release its quarterly report on 08/17/2021 and quarterly earnings per share for the current quarter are estimated at $0.14 with sales reaching $40.91M over the same period.The EPS is expected to shrink by -390.00% this year, but quarterly earnings will post 96.00% year-over-year.

Open Lending Corporation (LPRO) Insider Activity

A total of 5 insider transactions have happened at Open Lending Corporation (LPRO) in the last six months, with sales accounting for 5 and purchases happening 0 times. The most recent transaction is an insider sale by Jessup Ross M.. SEC filings show that Jessup Ross M. sold 242,351 shares of the company’s common stock on Apr 06 at a price of $32.64 per share for a total of $7.91 million. Following the sale, the insider now owns 3.55 million shares.

Open Lending Corporation disclosed in a document filed with the SEC on Apr 06 that Flynn John Joseph sold a total of 226,194 shares of the company’s common stock. The trade occurred on Apr 06 and was made at $32.64 per share for $7.38 million. Following the transaction, the insider now directly holds 3.1 million shares of the LPRO stock.

Still, SEC filings show that on Apr 06, Greenberg Blair J. (Director) disposed off 5,331,321 shares at an average price of $34.00 for $181.26 million. The insider now directly holds 0 shares of Open Lending Corporation (LPRO).

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