Open Lending Co. (NASDAQ:LPRO - Get Free Report)'s stock price hit a new 52-week low on Tuesday . The stock traded as low as $4.42 and last traded at $4.48, with a volume of 17847 shares traded. The stock had previously closed at $4.58.
Wall Street Analyst Weigh In
Separately, Needham & Company LLC raised Open Lending from a "hold" rating to a "buy" rating and set a $7.00 price objective for the company in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $6.83.
Check Out Our Latest Stock Report on LPRO
Open Lending Price Performance
The company has a debt-to-equity ratio of 0.61, a quick ratio of 9.42 and a current ratio of 9.42. The company has a 50-day moving average price of $5.50 and a 200-day moving average price of $5.77. The company has a market capitalization of $569.30 million, a price-to-earnings ratio of 159.00 and a beta of 1.25.
Hedge Funds Weigh In On Open Lending
Several institutional investors and hedge funds have recently modified their holdings of LPRO. QRG Capital Management Inc. grew its position in shares of Open Lending by 24.4% in the 3rd quarter. QRG Capital Management Inc. now owns 18,148 shares of the company's stock valued at $111,000 after purchasing an additional 3,561 shares during the period. Royce & Associates LP boosted its position in Open Lending by 152.1% during the 3rd quarter. Royce & Associates LP now owns 481,640 shares of the company's stock worth $2,948,000 after acquiring an additional 290,602 shares during the last quarter. Gilbert & Cook Inc. acquired a new position in Open Lending during the 3rd quarter worth approximately $205,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Open Lending during the 3rd quarter worth approximately $1,153,000. Finally, King Luther Capital Management Corp boosted its position in Open Lending by 100.0% during the 3rd quarter. King Luther Capital Management Corp now owns 200,000 shares of the company's stock worth $1,224,000 after acquiring an additional 100,000 shares during the last quarter. 78.06% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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