Open Lending (LPRO) Stock Price, News & Analysis

Company Overview

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. Its LPP products include loan analytics, risk-based loan pricing, risk modeling, and automated decision technology for automotive lenders. Open Lending Corporation was founded in 2000 and is based in Austin, Texas.

Key Stats

• Today's Range: $6.06 to $6.23
• 50-Day Range: $5.35 to $6.75
• 52-Week Range: $4.57 to $8.70
• Volume: 287,247 shs
• Average Volume: 427,190 shs
• Market Capitalization: $743.55 million
• P/E Ratio: 207.67
• Dividend Yield: N/A
• Price Target: $6.83
• Consensus Rating: Hold

Open Lending Stock Analysis - MarketRank™

Open Lending scored higher than 23% of companies evaluated by MarketBeat, and ranked 734th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Open Lending has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Open Lending has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 91.67%

Earnings Growth

Earnings for Open Lending are expected to grow by 91.67% in the coming year, from $0.12 to $0.23 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Open Lending is 207.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Open Lending is 207.67, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 49.34.

Price to Earnings Growth Ratio

Open Lending has a PEG Ratio of 2.70. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Open Lending has a P/B Ratio of 3.60. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.18% of the float of Open Lending has been sold short.

Short Interest Ratio / Days to Cover

Open Lending has a short interest ratio ("days to cover") of 10, which indicates bearish sentiment.

Change versus previous month

Short interest in Open Lending has recently decreased by 0.86%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Open Lending does not currently pay a dividend.

Dividend Growth

Open Lending does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.18% of the float of Open Lending has been sold short.

Short Interest Ratio / Days to Cover

Open Lending has a short interest ratio ("days to cover") of 10, which indicates bearish sentiment.

Change versus previous month

Short interest in Open Lending has recently decreased by 0.86%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: 0.25

News Sentiment

Open Lending has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Open Lending this week, compared to 3 articles on an average week.

MarketBeat Follows

Only 1 people have added Open Lending to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Open Lending insiders have not sold or bought any company stock.

Percentage Held by Insiders

15.00% of the stock of Open Lending is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

78.06% of the stock of Open Lending is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LPRO Stock Analysis - Frequently Asked Questions

How have LPRO shares performed this year?

Open Lending's stock was trading at $8.51 at the start of the year. Since then, LPRO shares have decreased by 26.8% and is now trading at $6.23.
View the best growth stocks for 2024 here.

How were Open Lending's earnings last quarter?

Open Lending Co. (NASDAQ:LPRO) released its quarterly earnings results on Thursday, August, 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by $0.03. The firm's revenue for the quarter was down 29.9% on a year-over-year basis.

Who are Open Lending's major shareholders?

Open Lending's top institutional shareholders include Wasatch Advisors LP (13.95%), State Street Corp (2.13%), Geode Capital Management LLC (1.98%) and Kornitzer Capital Management Inc. KS (0.77%). Insiders that own company stock include John Joseph Flynn and Shubhi Suryaji Rao.
View institutional ownership trends.

How do I buy shares of Open Lending?

Shares of LPRO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Open Lending own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Open Lending investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Tesla (TSLA), Netflix (NFLX), Alphabet (GOOG) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/25/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Personal credit institutions
• Sub-Industry: Banking
• Current Symbol: NASDAQ:LPRO
• CUSIP: N/A
• CIK: 1806201
• Web: www.openlending.com
• Phone: (512) 892-0400
• Fax: N/A
• Employees: 210
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $6.83
• High Stock Price Target: $8.00
• Low Stock Price Target: $5.00
• Potential Upside/Downside: +9.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.43
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.03
• Trailing P/E Ratio: 207.67
• Forward P/E Ratio: 51.92
• P/E Growth: 2.7
• Net Income: $22.07 million
• Net Margins: 4.78%
• Pretax Margin: 6.29%
• Return on Equity: 2.15%
• Return on Assets: 1.20%

Debt

• Debt-to-Equity Ratio: 0.61
• Current Ratio: 9.42
• Quick Ratio: 9.42

Sales & Book Value

• Annual Sales: $117.46 million
• Price / Sales: 6.33
• Cash Flow: $0.20 per share
• Price / Cash Flow: 31.49
• Book Value: $1.73 per share
• Price / Book: 3.60

Miscellaneous

• Outstanding Shares: 119,350,000
• Free Float: 101,448,000
• Market Cap: $743.55 million
• Optionable: Optionable
• Beta: 1.13