Open Lending Corp (NASDAQ: LPRO) is -24.79% lower on its value in year-to-date trading and has touched a low of $4.57 and a high of $8.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LPRO stock was last observed hovering at around $6.36 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $6.40, the stock is 1.66% and 6.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 0.63% at the moment leaves the stock 6.19% off its SMA200. LPRO registered 0.00% loss for a year compared to 6-month loss of 1.27%. The firm has a 50-day simple moving average (SMA 50) of $5.9943 and a 200-day simple moving average (SMA200) of $6.0334.
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The stock witnessed a 16.36% gain in the last 1 month and extending the period to 3 months gives it a 11.89%, and is 2.73% 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 3.17% over the week and 5.17% over the month.
Open Lending Corp (LPRO) has around 210 employees, a market worth around $763.84M and $95.89M in sales. Current P/E ratio is 166.67 and Fwd P/E is 32.45. Profit margin for the company is 4.78%. Distance from 52-week low is 40.04% and -26.44% from its 52-week high. The company has generated returns on investments over the last 12 months (1.28%).
Open Lending Corp quarterly earnings per share for the current quarter are estimated at 0.02 with sales reaching $24.07M over the same period.The EPS is expected to shrink by -46.20% this year, but quarterly earnings will post -10.60% year-over-year. Quarterly sales are estimated to grow 61.11% in year-over-year returns.
199.0 institutions hold shares in Open Lending Corp (LPRO), with institutional investors hold 86.83% of the company’s shares. The shares outstanding are 118.82M, and float is at 108.45M with Short Float at 3.10%. Institutions hold 84.50% of the Float.
The top institutional shareholder in the company is WASATCH ADVISORS LP with over 16.41 million shares valued at $91.56 million. The investor’s holdings represent 13.7966 of the LPRO Shares outstanding. As of 2024-06-30, the second largest holder is PRICE T ROWE ASSOCIATES INC /MD/ with 10.75 million shares valued at $59.97 million to account for 9.0373 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 9.8 million shares representing 8.2383 and valued at over $54.67 million, while WORKING CAPITAL ADVISORS (UK) LTD. holds 7.6516 of the shares totaling 9.1 million with a market value of $50.78 million.
Open Lending Corp (LPRO) Insider Activity
The most recent transaction is an insider sale by Flynn John Joseph, the company’s Director. SEC filings show that Flynn John Joseph sold 50,000 shares of the company’s common stock on Mar 21 ’24 at a price of $7.35 per share for a total of $0.37 million. Following the sale, the insider now owns 1.99 million shares.
Open Lending Corp disclosed in a document filed with the SEC on Feb 21 ’24 that Flynn John Joseph (Director) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Feb 21 ’24 and was made at $7.96 per share for $0.4 million. Following the transaction, the insider now directly holds 2.03 million shares of the LPRO stock.
Still, SEC filings show that on Feb 07 ’24, Flynn John Joseph (Director) disposed off 50,000 shares at an average price of $7.25 for $0.36 million. The insider now directly holds 2,079,666 shares of Open Lending Corp (LPRO).
