Open Lending Co. (NASDAQ:LPRO) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its position in shares of Open Lending Co. (NASDAQ:LPRO - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,655,364 shares of the company's stock after buying an additional 920,630 shares during the period. Price T Rowe Associates Inc. MD owned approximately 10.60% of Open Lending worth $75,554,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Open Lending in the fourth quarter valued at $25,000. Quantbot Technologies LP purchased a new position in shares of Open Lending in the 4th quarter worth $54,000. Proficio Capital Partners LLC bought a new stake in shares of Open Lending in the 4th quarter worth about $95,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Open Lending during the 4th quarter valued at about $124,000. Finally, Chicago Partners Investment Group LLC lifted its holdings in shares of Open Lending by 16.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 50,166 shares of the company's stock valued at $274,000 after acquiring an additional 7,166 shares during the last quarter. Hedge funds and other institutional investors own 78.06% of the company's stock.

Open Lending Trading Up 3.2 %

LPRO traded up $0.04 on Thursday, reaching $1.28. 1,655,118 shares of the company traded hands, compared to its average volume of 969,737. The company has a market cap of $153.32 million, a P/E ratio of 42.67 and a beta of 1.57. The firm has a fifty day simple moving average of $2.61 and a two-hundred day simple moving average of $4.75. Open Lending Co. has a one year low of $0.70 and a one year high of $6.97. The company has a quick ratio of 9.42, a current ratio of 9.42 and a debt-to-equity ratio of 0.61.

Open Lending (NASDAQ:LPRO - Get Free Report) last announced 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 firm had revenue of $24.23 million during the quarter, compared to the consensus estimate of $24.03 million. During the same period last year, the company earned ($0.04) EPS. As a group, equities research analysts expect that Open Lending Co. will post 0.1 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. DA Davidson reaffirmed a "buy" rating and issued a $4.00 price objective on shares of Open Lending in a research note on Wednesday, April 16th. Needham & Company LLC decreased their price target on Open Lending from $7.00 to $2.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Jefferies Financial Group lowered shares of Open Lending from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $8.00 to $3.70 in a research note on Thursday, March 20th. Finally, Citizens Jmp started coverage on shares of Open Lending in a research note on Friday, April 4th. They issued a "market perform" rating on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $4.62.

About Open Lending

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.