Jump Financial LLC Buys Shares of 55,988 Open Lending Co. (NASDAQ:LPRO)

Jump Financial LLC acquired a new position in shares of Open Lending Co. (NASDAQ:LPROFree Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 55,988 shares of the company’s stock, valued at approximately $410,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Versor Investments LP boosted its position in shares of Open Lending by 167.7% during the 3rd quarter. Versor Investments LP now owns 103,345 shares of the company’s stock worth $756,000 after acquiring an additional 64,745 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in Open Lending by 60.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 110,749 shares of the company’s stock worth $811,000 after acquiring an additional 41,894 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Open Lending by 30.5% in the third quarter. Principal Financial Group Inc. now owns 40,467 shares of the company’s stock valued at $296,000 after acquiring an additional 9,454 shares in the last quarter. Olympiad Research LP purchased a new position in shares of Open Lending during the third quarter worth about $193,000. Finally, Gilbert & Cook Inc. acquired a new stake in shares of Open Lending during the third quarter worth about $92,000. 88.87% of the stock is owned by institutional investors and hedge funds.

Open Lending Price Performance

Shares of NASDAQ:LPRO opened at $7.50 on Monday. Open Lending Co. has a 52 week low of $4.89 and a 52 week high of $11.99. The company has a 50-day moving average price of $7.58 and a 200 day moving average price of $7.51. The company has a market cap of $898.13 million, a P/E ratio of 41.67 and a beta of 1.02. The company has a quick ratio of 14.71, a current ratio of 14.71 and a debt-to-equity ratio of 0.66.

Insider Activity

In related news, Director John Joseph Flynn sold 50,000 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $7.83, for a total transaction of $391,500.00. Following the transaction, the director now owns 2,179,666 shares of the company’s stock, valued at $17,066,784.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 200,000 shares of company stock valued at $1,549,500 in the last three months. 18.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stephens decreased their target price on Open Lending from $9.00 to $6.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 8th. Raymond James lowered their target price on shares of Open Lending from $12.00 to $8.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 8th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $5.50 target price (down from $20.00) on shares of Open Lending in a report on Wednesday, November 8th. Needham & Company LLC lowered their price objective on shares of Open Lending from $13.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, November 9th. Finally, Canaccord Genuity Group cut shares of Open Lending from a “buy” rating to a “hold” rating and reduced their target price for the company from $20.00 to $5.50 in a report on Wednesday, November 8th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Open Lending presently has a consensus rating of “Hold” and a consensus target price of $7.67.

View Our Latest Stock Analysis on Open Lending

Open Lending Profile

(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.

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Institutional Ownership by Quarter for Open Lending (NASDAQ:LPRO)

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