2 days Ago By ABMN Staff
Shares of Open Lending Co. ( NASDAQ:LPRO – Get Free Report ) traded up 4.2% during mid-day trading on Tuesday .
The company traded as high as $6.03 and last traded at $6.02.
28,592 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 411,676 shares. The stock had previously closed at $5.78.
Analysts Set New Price Targets Separately, Needham & Company LLC reiterated a “hold” rating on shares of Open Lending in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.
com, Open Lending presently has a consensus rating of “Hold” and a consensus price target of $6.83. Check Out Our Latest Stock Report on LPRO Open Lending Trading Up 3.
3 % Institutional Inflows and Outflows A number of large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in shares of Open Lending by 6.8% during the 2nd quarter.
The Manufacturers Life Insurance Company now owns 41,152 shares of the company’s stock valued at $230,000 after acquiring an additional 2,631 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in Open Lending by 7.5% during the third quarter.
Chicago Partners Investment Group LLC now owns 43,000 shares of the company’s stock worth $263,000 after purchasing an additional 3,000 shares during the last quarter. QRG Capital Management Inc. raised its stake in Open Lending by 24.
4% during the third quarter. QRG Capital Management Inc. now owns 18,148 shares of the company’s stock worth $111,000 after purchasing an additional 3,561 shares during the period.
Cubist Systematic Strategies LLC acquired a new position in shares of Open Lending in the 2nd quarter valued at $33,000. Finally, Verition Fund Management LLC grew its stake in shares of Open Lending by 27.4% during the 3rd quarter.
Verition Fund Management LLC now owns 28,558 shares of the company’s stock valued at $175,000 after buying an additional 6,150 shares during the period. Hedge funds and other institutional investors own 78.06% of the company’s stock.
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. The company 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. Featured Articles Receive News & Ratings for Open Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Open Lending and related companies with MarketBeat.
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