Open Lending Co. (NASDAQ:LPRO - Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $4.27 and last traded at $4.35, with a volume of 184869 shares trading hands. The stock had previously closed at $4.50.
Analyst Upgrades and Downgrades
Separately, Needham & Company LLC upgraded shares of Open Lending from a "hold" rating to a "buy" rating and set a $7.00 price target on the stock 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. Based on data from MarketBeat, Open Lending currently has a consensus rating of "Moderate Buy" and an average price target of $6.83.
Read Our Latest Stock Report on LPRO
Open Lending Stock Performance
The stock has a market cap of $514.40 million, a PE ratio of 143.67 and a beta of 1.25. 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 business has a 50 day moving average price of $5.35 and a two-hundred day moving average price of $5.73.
Institutional Trading of Open Lending
A number of institutional investors have recently made changes to their positions in LPRO. R Squared Ltd purchased a new stake in shares of Open Lending during the fourth quarter valued at approximately $25,000. Quantbot Technologies LP purchased a new stake in shares of Open Lending during the fourth quarter valued at approximately $54,000. Quantinno Capital Management LP purchased a new stake in Open Lending in the third quarter worth $68,000. Ameriprise Financial Inc. purchased a new stake in Open Lending in the fourth quarter worth $80,000. Finally, BNP Paribas Financial Markets purchased a new stake in Open Lending in the fourth quarter worth $87,000. Hedge funds and other institutional investors own 78.06% of the company's stock.
Open Lending Company Profile
(
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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.
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