Open Lending (LPRO) Expected to Announce Quarterly Earnings on Tuesday

Open Lending (NASDAQ:LPRO - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $24.03 million for the quarter.

Open Lending Price Performance

NASDAQ LPRO traded down $0.27 during mid-day trading on Friday, hitting $5.18. The stock had a trading volume of 724,663 shares, compared to its average volume of 392,949. Open Lending has a 52-week low of $4.57 and a 52-week high of $8.14. The company has a market cap of $617.64 million, a price-to-earnings ratio of 172.50 and a beta of 1.16. The company has a 50 day simple moving average of $5.72 and a 200 day simple moving average of $5.81. The company has a quick ratio of 9.42, a current ratio of 9.42 and a debt-to-equity ratio of 0.61.

Analysts Set New Price Targets

Separately, Needham & Company LLC raised Open Lending from a "hold" rating to a "buy" rating and set a $7.00 price target for the company in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $6.83.

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.