Open Lending Co. (NASDAQ:LPRO) Receives $4.62 Consensus PT from Analysts

Shares of Open Lending Co. (NASDAQ:LPRO - Get Free Report) have received an average rating of "Hold" from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $4.62.

LPRO has been the subject of a number of recent analyst reports. Needham & Company LLC reduced their price objective on shares of Open Lending from $7.00 to $2.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Jefferies Financial Group cut shares of Open Lending from a "buy" rating to a "hold" rating and lowered their price target for the stock from $8.00 to $3.70 in a research note on Thursday, March 20th. DA Davidson reissued a "buy" rating and set a $4.00 price objective on shares of Open Lending in a report on Wednesday. Finally, Citizens Jmp started coverage on shares of Open Lending in a report on Friday, April 4th. They issued a "market perform" rating for the company.

Open Lending Stock Performance

Shares of NASDAQ:LPRO traded down $0.02 on Monday, reaching $0.83. The company's stock had a trading volume of 5,637,636 shares, compared to its average volume of 858,824. Open Lending has a 52-week low of $0.70 and a 52-week high of $6.97. The stock has a market capitalization of $99.89 million, a P/E ratio of 27.80 and a beta of 1.57. The stock's 50-day moving average is $3.42 and its two-hundred day moving average is $5.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 9.42 and a quick ratio of 9.42.

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). The company had revenue of $24.23 million during the quarter, compared to analysts' expectations of $24.03 million. Open Lending had a net margin of 4.78% and a return on equity of 2.15%. During the same quarter last year, the business posted ($0.04) earnings per share. As a group, sell-side analysts forecast that Open Lending will post 0.1 EPS for the current year.

Institutional Trading of Open Lending

Large investors have recently modified their holdings of the business. R Squared Ltd purchased a new stake in Open Lending in the 4th quarter valued at approximately $25,000. Quantbot Technologies LP acquired a new stake in shares of Open Lending during the fourth quarter valued at $54,000. Quantinno Capital Management LP purchased a new stake in Open Lending during the 3rd quarter worth about $68,000. Ameriprise Financial Inc. purchased a new position in Open Lending in the 4th quarter valued at about $80,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Open Lending during the 4th quarter worth about $87,000. 78.06% of the stock is currently owned by institutional investors and hedge funds.

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.