Open Lending (NASDAQ:LPRO - Get Free Report) released its quarterly earnings results on Monday. The company reported ($1.21) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($1.23), Briefing.com reports. 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 period in the previous year, the company posted ($0.04) earnings per share.
Open Lending Stock Performance
Shares of NASDAQ:LPRO traded down $0.09 during midday trading on Friday, reaching $1.12. 453,883 shares of the company traded hands, compared to its average volume of 606,751. Open Lending has a 12 month low of $1.11 and a 12 month high of $6.97. The firm's fifty day moving average price is $4.66 and its two-hundred day moving average price is $5.46. The company has a quick ratio of 9.42, a current ratio of 9.42 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $133.08 million, a price-to-earnings ratio of 37.17 and a beta of 1.57.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Jefferies Financial Group lowered shares of Open Lending from a "buy" rating to a "hold" rating and decreased their price objective for the company from $8.00 to $3.70 in a research note on Thursday, March 20th. Citizens Jmp started coverage on Open Lending in a research note on Friday. They issued a "market perform" rating for the company. Needham & Company LLC decreased their price objective on shares of Open Lending from $7.00 to $2.00 and set a "buy" rating for the company in a report on Wednesday. Finally, DA Davidson dropped their target price 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $4.62.
Check Out Our Latest Analysis on LPRO
About Open Lending
(
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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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