Open Lending Corporation (NASDAQ:LPRO) Receives Average Rating of "Hold" from Analysts

Open Lending Corporation (NASDAQ:LPRO - Get Free Report) has been given a consensus rating of "Hold" by the seven research firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $4.12.

Several equities analysts recently commented on LPRO shares. Citizens Jmp started coverage on shares of Open Lending in a research note on Friday, April 4th. They set a "market perform" rating for the company. Stephens started coverage on shares of Open Lending in a research note on Thursday, June 12th. They set an "equal weight" rating and a $2.50 target price for the company. Needham & Company LLC upped their target price on shares of Open Lending from $2.00 to $2.50 and gave the company a "buy" rating in a research note on Friday, May 9th. Jefferies Financial Group cut shares of Open Lending from a "buy" rating to a "hold" rating and cut their target price for the company from $8.00 to $3.70 in a research note on Thursday, March 20th. Finally, DA Davidson reiterated a "buy" rating and set a $4.00 target price on shares of Open Lending in a research note on Wednesday, April 16th.

Open Lending Stock Up 2.0%

Shares of Open Lending stock opened at $2.04 on Friday. Open Lending has a 12-month low of $0.70 and a 12-month high of $6.92. The company has a quick ratio of 6.21, a current ratio of 6.21 and a debt-to-equity ratio of 1.63. The stock has a 50 day moving average price of $1.79 and a two-hundred day moving average price of $3.55. The stock has a market capitalization of $244.35 million, a P/E ratio of -1.74 and a beta of 1.94.

Open Lending (NASDAQ:LPRO - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. Open Lending had a net margin of 4.78% and a negative return on equity of 35.88%. The firm had revenue of $24.39 million during the quarter, compared to analyst estimates of $24.78 million. Equities analysts expect that Open Lending will post 0.1 earnings per share for the current year.

Insider Transactions at Open Lending

In related news, CEO Jessica E. Buss acquired 12,975 shares of the firm's stock in a transaction on Monday, May 12th. The shares were purchased at an average price of $1.93 per share, with a total value of $25,041.75. Following the acquisition, the chief executive officer now directly owns 46,446 shares in the company, valued at $89,640.78. The trade was a 38.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 13.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Open Lending

Hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in Open Lending during the 4th quarter worth about $4,326,000. Royce & Associates LP boosted its stake in shares of Open Lending by 61.3% in the 4th quarter. Royce & Associates LP now owns 777,035 shares of the company's stock valued at $4,639,000 after purchasing an additional 295,395 shares during the last quarter. Barclays PLC boosted its stake in shares of Open Lending by 8.4% in the 4th quarter. Barclays PLC now owns 183,270 shares of the company's stock valued at $1,094,000 after purchasing an additional 14,246 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Open Lending by 58.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 77,055 shares of the company's stock valued at $213,000 after purchasing an additional 28,369 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Open Lending by 7.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,655,364 shares of the company's stock valued at $75,554,000 after purchasing an additional 920,630 shares during the last quarter. Institutional investors own 78.06% of the company's stock.

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.

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