Shares of Open Lending Corporation (NASDAQ:LPRO) traded today at $37.51, eclipsing its 52-week high. Approximately 414,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.
Open Lending Corp is engaged in providing automated lending services to financial institutions. The company offers loan analytics, risk-based pricing, risk modeling, and automated decision technology. Its Lenders Protection Program (“LPP”), enables automotive lenders to make loans that are largely insured against losses from defaults.
Over the past year, Open Lending Corporation has traded in a range of $9.37 to $37.51 and is now at $37.38, 299% above that low.
Based on a current price of $37.38, Open Lending Corporation is currently 71.6% above its average consensus analyst price target of $10.63.
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