Northland Capmk Reduces Earnings Estimates for Open Lending

Open Lending Co. (NASDAQ:LPRO - Free Report) - Equities research analysts at Northland Capmk lowered their Q1 2025 earnings estimates for Open Lending in a report released on Tuesday, April 1st. Northland Capmk analyst M. Grondahl now expects that the company will post earnings per share of $0.02 for the quarter, down from their previous estimate of $0.05. The consensus estimate for Open Lending's current full-year earnings is $0.10 per share. Northland Capmk also issued estimates for Open Lending's Q2 2025 earnings at $0.02 EPS, Q3 2025 earnings at $0.02 EPS and Q4 2025 earnings at $0.02 EPS.

Several other analysts also recently issued reports on LPRO. Citizens Jmp began coverage on shares of Open Lending in a research report on Friday. They issued a "market perform" rating for the company. Jefferies Financial Group lowered shares of Open Lending from a "buy" rating to a "hold" rating and lowered their price target for the company from $8.00 to $3.70 in a report on Thursday, March 20th. Needham & Company LLC cut their price objective on shares of Open Lending from $7.00 to $2.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, DA Davidson lowered their target price on Open Lending from $8.00 to $4.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Open Lending currently has a consensus rating of "Hold" and an average target price of $4.62.

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Open Lending Stock Up 0.3 %

Shares of LPRO traded up $0.00 during midday trading on Thursday, reaching $0.99. 4,115,942 shares of the company were exchanged, compared to its average volume of 669,866. The company has a market cap of $117.92 million, a price-to-earnings ratio of 32.87 and a beta of 1.57. The company has a current ratio of 9.42, a quick ratio of 9.42 and a debt-to-equity ratio of 0.61. Open Lending has a 1-year low of $0.93 and a 1-year high of $6.97. The stock has a 50-day moving average price of $4.49 and a 200-day moving average price of $5.38.

Open Lending (NASDAQ:LPRO - Get Free Report) last released its quarterly earnings data on Monday, March 31st. The company reported ($1.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($1.23). Open Lending had a return on equity of 2.15% and a net margin of 4.78%. The business had revenue of $24.23 million during the quarter, compared to analyst estimates of $24.03 million. During the same period in the previous year, the company earned ($0.04) EPS.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LPRO. Wasatch Advisors LP lifted its position in shares of Open Lending by 0.6% during the fourth quarter. Wasatch Advisors LP now owns 16,736,229 shares of the company's stock worth $99,915,000 after purchasing an additional 105,449 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Open Lending by 7.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,655,364 shares of the company's stock worth $75,554,000 after buying an additional 920,630 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Open Lending by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 10,178,916 shares of the company's stock worth $60,768,000 after acquiring an additional 160,617 shares in the last quarter. State Street Corp increased its holdings in shares of Open Lending by 2.6% in the 3rd quarter. State Street Corp now owns 2,545,783 shares of the company's stock valued at $15,580,000 after acquiring an additional 63,450 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Open Lending by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,393,519 shares of the company's stock valued at $14,293,000 after acquiring an additional 28,253 shares during the last quarter. 78.06% of the stock is 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.