Open Lending Corporation (NASDAQ:LPRO) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analyst consensus: Seven brokerages give an average rating of "Hold" (1 sell, 3 hold, 3 buy) with an average 12‑month price target of $2.56.
• Recent results: Open Lending missed quarterly estimates, reporting $0.01 EPS versus $0.02 expected and $19.35M revenue versus $21.92M, with a negative net margin of 4.54% and analysts forecasting $0.09 EPS for the current fiscal year.
• Share and balance-sheet snapshot: LPRO opened at $1.67, trades in a 52‑week range of $1.03–$2.70, has a market cap of about $196.5M and roughly 78% institutional ownership.

Shares of Open Lending Corporation (NASDAQ:LPRO - Get Free Report) have earned an average rating of "Hold" from the seven brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $2.56.

Several brokerages have recently weighed in on LPRO. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Open Lending in a research report on Thursday, January 22nd. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $2.00 price target on shares of Open Lending in a research report on Tuesday, March 17th. Finally, DA Davidson lowered their price target on shares of Open Lending from $4.00 to $3.00 and set a "buy" rating for the company in a research report on Monday, March 16th.

Open Lending Price Performance

Shares of LPRO opened at $1.67 on Friday. The company has a 50 day moving average price of $1.41 and a 200-day moving average price of $1.65. Open Lending has a fifty-two week low of $1.03 and a fifty-two week high of $2.70. The stock has a market capitalization of $196.53 million, a PE ratio of -55.67 and a beta of 2.03. The company has a debt-to-equity ratio of 1.03, a quick ratio of 4.52 and a current ratio of 4.52.

Open Lending (NASDAQ:LPRO - Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). Open Lending had a positive return on equity of 8.83% and a negative net margin of 4.54%.The business had revenue of $19.35 million during the quarter, compared to analysts' expectations of $21.92 million. Equities analysts predict that Open Lending will post 0.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Open Lending

Several hedge funds have recently modified their holdings of LPRO. D.A. Davidson & CO. purchased a new stake in shares of Open Lending in the 4th quarter worth approximately $28,000. Prudential Financial Inc. bought a new position in shares of Open Lending during the 2nd quarter worth approximately $28,000. Thompson Davis & CO. Inc. bought a new position in shares of Open Lending during the 3rd quarter worth approximately $42,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Open Lending during the 1st quarter worth approximately $43,000. Finally, R Squared Ltd raised its stake in shares of Open Lending by 32.7% during the 4th quarter. R Squared Ltd now owns 28,590 shares of the company's stock worth $44,000 after acquiring an additional 7,047 shares in the last quarter. Hedge funds and other institutional investors own 78.06% of the company's stock.

About Open Lending

Open Lending Corporation is a financial technology company specializing in risk analytics and automated loan decisioning for the automotive finance industry. Through its proprietary platform, Open Lending enables banks, credit unions and finance companies to enhance underwriting accuracy, manage risk more effectively and streamline the loan origination process. The company's solutions leverage machine learning and big-data analytics to deliver credit-based pricing models that help lenders optimize portfolio performance and reduce losses.

The core offerings of Open Lending include an automated underwriting engine, risk-based pricing tools and performance analytics dashboards.

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