Analysts Set Expectations for Open Lending FY2025 Earnings

Open Lending Co. (NASDAQ:LPRO - Free Report) - Analysts at Northland Capmk dropped their FY2025 earnings estimates for Open Lending in a report released on Tuesday, April 1st. Northland Capmk analyst M. Grondahl now anticipates that the company will earn $0.09 per share for the year, down from their prior forecast of $0.26. The consensus estimate for Open Lending's current full-year earnings is $0.10 per share. Northland Capmk also issued estimates for Open Lending's FY2025 earnings at $0.09 EPS.

A number of other analysts have also recently commented on LPRO. Jefferies Financial Group cut Open Lending from a "buy" rating to a "hold" rating and cut their target price for the stock from $8.00 to $3.70 in a research report on Thursday, March 20th. DA Davidson dropped their price target on shares of Open Lending from $8.00 to $4.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Citizens Jmp started coverage on Open Lending in a report on Friday, April 4th. They set a "market perform" rating on the stock. Finally, Needham & Company LLC dropped their target price on shares of Open Lending from $7.00 to $2.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $4.62.

Open Lending Stock Up 11.5 %

Shares of LPRO traded up $0.11 during midday trading on Friday, reaching $1.05. The stock had a trading volume of 3,990,388 shares, compared to its average volume of 696,121. The company has a market cap of $124.72 million, a price-to-earnings ratio of 34.83 and a beta of 1.57. The company has a debt-to-equity ratio of 0.61, a current ratio of 9.42 and a quick ratio of 9.42. The company's fifty day simple moving average is $4.29 and its two-hundred day simple moving average is $5.32. Open Lending has a 1-year low of $0.90 and a 1-year high of $6.97.

Open Lending (NASDAQ:LPRO - Get Free Report) last announced its earnings results on Monday, March 31st. The company reported ($1.21) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($1.23). Open Lending had a return on equity of 2.15% and a net margin of 4.78%. The business had revenue of $24.23 million for the quarter, compared to analyst estimates of $24.03 million. During the same period in the previous year, the company earned ($0.04) earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in Open Lending in the fourth quarter worth about $25,000. Quantbot Technologies LP acquired a new stake in Open Lending during the fourth quarter worth about $54,000. Quantinno Capital Management LP acquired a new stake in shares of Open Lending during the 3rd quarter worth approximately $68,000. Ameriprise Financial Inc. bought a new stake in shares of Open Lending in the 4th quarter worth approximately $80,000. Finally, BNP Paribas Financial Markets acquired a new position in Open Lending during the 4th quarter valued at approximately $87,000. 78.06% of the stock is currently owned by institutional investors.

Open Lending Company Profile

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.