Open Lending Co. Expected to Post Q1 2025 Earnings of $0.07 Per Share (NASDAQ:LPRO)

Open Lending Co. (NASDAQ:LPRO - Free Report) - Equities researchers at Northland Capmk issued their Q1 2025 earnings estimates for shares of Open Lending in a research note issued on Monday, October 14th. Northland Capmk analyst M. Grondahl anticipates that the company will earn $0.07 per share for the quarter. The consensus estimate for Open Lending's current full-year earnings is $0.18 per share. Northland Capmk also issued estimates for Open Lending's Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.07 EPS and FY2025 earnings at $0.29 EPS.

LPRO has been the topic of a number of other research reports. DA Davidson cut their target price on shares of Open Lending from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Monday, August 12th. Morgan Stanley cut their price objective on shares of Open Lending from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Friday, August 9th. JMP Securities reduced their price objective on shares of Open Lending from $8.00 to $7.00 and set a "market outperform" rating for the company in a research note on Friday, August 9th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Open Lending in a research report on Wednesday, October 2nd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $6.56.

Open Lending Stock Up 0.7 %

Shares of Open Lending stock traded up $0.04 during trading on Wednesday, hitting $5.97. 428,313 shares of the stock traded hands, compared to its average volume of 432,101. The company has a current ratio of 13.32, a quick ratio of 13.32 and a debt-to-equity ratio of 0.63. The stock's fifty day simple moving average is $5.69 and its 200 day simple moving average is $5.76. The firm has a market cap of $711.42 million, a P/E ratio of 53.91 and a beta of 1.12. Open Lending has a 52-week low of $4.57 and a 52-week high of $8.70.

Open Lending (NASDAQ:LPRO - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). The firm had revenue of $26.73 million during the quarter, compared to the consensus estimate of $31.03 million. Open Lending had a return on equity of 2.90% and a net margin of 6.25%. The firm's revenue for the quarter was down 29.9% compared to the same quarter last year. During the same period last year, the company earned $0.09 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new position in Open Lending during the 2nd quarter valued at approximately $33,000. SlateStone Wealth LLC acquired a new position in shares of Open Lending in the 2nd quarter valued at $70,000. QRG Capital Management Inc. increased its position in shares of Open Lending by 24.0% in the 2nd quarter. QRG Capital Management Inc. now owns 14,587 shares of the company's stock valued at $81,000 after acquiring an additional 2,824 shares during the period. Point72 Asset Management L.P. purchased a new position in Open Lending in the 2nd quarter worth $110,000. Finally, SkyView Investment Advisors LLC lifted its position in Open Lending by 100.0% during the 2nd quarter. SkyView Investment Advisors LLC now owns 20,000 shares of the company's stock worth $112,000 after acquiring an additional 10,000 shares during the period. 78.06% of the stock is currently owned by hedge funds and other institutional investors.

About Open Lending

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.