Open Lending - LPRO Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Open Lending in the last twelve months. There are currently 1 sell rating, 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" LPRO shares.
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8 equities research analysts have issued twelve-month price targets for Open Lending's stock. Their LPRO share price forecasts range from $5.50 to $30.00. On average, they predict the company's stock price to reach $15.61 in the next twelve months. This suggests a possible upside of 120.8% from the stock's current price.
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Open Lending's stock was trading at $22.48 at the beginning of the year. Since then, LPRO stock has decreased by 68.5% and is now trading at $7.07.
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Open Lending saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 8,190,000 shares, an increase of 10.2% from the October 31st total of 7,430,000 shares. Based on an average daily trading volume, of 920,000 shares, the days-to-cover ratio is presently 8.9 days. Approximately 7.8% of the company's shares are short sold.
View Open Lending's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our LPRO earnings forecast.

Open Lending Co. (NASDAQ:LPRO) announced its quarterly earnings data on Tuesday, November, 9th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.03. The firm earned $58.89 million during the quarter, compared to the consensus estimate of $54.88 million. Open Lending had a net margin of 48.26% and a trailing twelve-month return on equity of 50.39%. During the same quarter last year, the firm posted $0.10 earnings per share.

Open Lending issued an update on its FY 2022 earnings guidance on Friday, November, 18th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $180.00 million-$190.00 million, compared to the consensus revenue estimate of $190.28 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Open Lending investors own include Ampio Pharmaceuticals (AMPE), Trevena (TRVN), Advanced Micro Devices (AMD), Can-Fite BioPharma (CANF), ChromaDex (CDXC), Ciena (CIEN), Chimerix (CMRX), CTI BioPharma (CTIC) and DRDGOLD (DRD).

Open Lending trades on the NASDAQ under the ticker symbol "LPRO."

Open Lending's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (8.65%), Vanguard Group Inc. (7.26%), BlackRock Inc. (6.03%), Villere ST Denis J & Co. LLC (2.01%), State Street Corp (1.92%) and Massachusetts Financial Services Co. MA (1.83%). Insiders that own company stock include Blair J Greenberg, Charles D Jehl, Gene Yoon, John Joseph Flynn, Nebula Holdings Llc, Ross M Jessup and Sagemount I LP Bregal.
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Shares of LPRO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LPRO stock can currently be purchased for approximately $7.07.

Open Lending (NASDAQ:LPRO) has a market capitalization of $892.94 million and generates $215.65 million in revenue each year. The company earns $146.08 million in net income (profit) each year or $0.78 on an earnings per share basis.

The company employs 132 workers across the globe.

Open Lending's mailing address is BARTON OAKS ONE 901 S. MOPAC EXPRESSWAY BLDG. 1 SUITE 510, AUSTIN TX, 78746. The official website for the company is www.openlending.com. The company can be reached via phone at (512) 892-0400 or via email at investorrelations@openlending.com.