Open Lending Corp (LPRO): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Credit Services industry segment, falling under the Financial sector. The current market capitalization of Open Lending Corp is $698.20M. A total of 0.82 million shares were traded on the day, compared to an average of 341.01K shares.

In the most recent transaction, Flynn John Joseph sold 50,000 shares of LPRO for 7.35 per share on Mar 21 ’24. After the transaction, the Director now owns 1,993,762 company shares. In a previous transaction on Feb 21 ’24, Flynn John Joseph sold 50,000 shares at 7.96 per share. LPRO shares that Director owns now total 2,029,666.

Among the insiders who sold shares, Flynn John Joseph disposed of 50,000 shares on Feb 07 ’24 at a per-share price of $7.25. This resulted in the Director holding 2,079,666 shares of LPRO after the transaction. In another insider transaction, Flynn John Joseph sold 50,000 shares at $7.60 per share on Jan 22 ’24. Company shares held by the Director now total 2,129,666.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, LPRO has a high of $8.70 and a low of $4.57.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. LPRO’s latest balance sheet shows that the firm has $116.45M in Cash & Short Term Investments as of fiscal 2021. There were $151.40M in debt and $12.06M in liabilities at the time. Its Book Value Per Share was $1.85, while its Total Shareholder’s Equity was $158.98M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LPRO is Buy with a score of 4.00.

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