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NASDAQ:LPRO

Open Lending (LPRO) Stock Price, News & Analysis

Open Lending logo
$5.76
+0.16 (+2.86%)
(As of 02:58 PM ET)

About Open Lending Stock (NASDAQ:LPRO)

Key Stats

Today's Range
$5.66
$5.90
50-Day Range
$5.35
$6.43
52-Week Range
$4.57
$8.70
Volume
252,190 shs
Average Volume
422,292 shs
Market Capitalization
$686.88 million
P/E Ratio
144.04
Dividend Yield
N/A
Price Target
$6.56
Consensus Rating
Hold

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.

Open Lending Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
55th Percentile Overall Score

LPRO MarketRank™: 

Open Lending scored higher than 55% of companies evaluated by MarketBeat, and ranked 629th out of 966 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Open Lending has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 3 buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Open Lending has only been the subject of 4 research reports in the past 90 days.

  • Read more about Open Lending's stock forecast and price target.
  • Earnings Growth

    Earnings for Open Lending are expected to grow by 66.67% in the coming year, from $0.18 to $0.30 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Open Lending is 144.04, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 131.30.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Open Lending is 144.04, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 46.15.

  • Price to Book Value per Share Ratio

    Open Lending has a P/B Ratio of 3.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Open Lending's valuation and earnings.
  • Percentage of Shares Shorted

    3.31% 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 9.9.
  • Change versus previous month

    Short interest in Open Lending has recently decreased by 7.71%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Open Lending does not currently pay a dividend.

  • Dividend Growth

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

  • Percentage of Shares Shorted

    3.31% 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 9.9.
  • Change versus previous month

    Short interest in Open Lending has recently decreased by 7.71%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Open Lending has a news sentiment score of 0.29. 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 0.55 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for Open Lending this week, compared to 3 articles on an average week.
  • MarketBeat Follows

    Only 2 people have added Open Lending to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • 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.

  • Read more about Open Lending's insider trading history.
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LPRO Stock Analysis - Frequently Asked Questions

Open Lending's stock was trading at $8.51 at the beginning of the year. Since then, LPRO shares have decreased by 32.3% and is now trading at $5.76.
View the best growth stocks for 2024 here
.

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

Top institutional shareholders of Open Lending include Kornitzer Capital Management Inc. KS (0.77%), Raymond James & Associates (0.60%), B & T Capital Management DBA Alpha Capital Management (0.13%) and Exchange Traded Concepts LLC (0.04%). Insiders that own company stock include John Joseph Flynn, Shubhi Suryaji Rao, Charles D Jehl and Ross M Jessup.
View institutional ownership trends
.

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.

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
11/01/2024
Next Earnings (Confirmed)
11/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Personal credit institutions
Sub-Industry
Banking
Current Symbol
NASDAQ:LPRO
Fax
N/A
Employees
210
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$6.56
High Stock Price Target
$8.00
Low Stock Price Target
$5.00
Potential Upside/Downside
+13.9%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Net Income
$22.07 million
Pretax Margin
8.57%

Debt

Sales & Book Value

Annual Sales
$117.46 million
Cash Flow
$0.21 per share
Book Value
$1.73 per share

Miscellaneous

Free Float
101,365,000
Market Cap
$686.88 million
Optionable
Optionable
Beta
1.12
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This page (NASDAQ:LPRO) was last updated on 11/1/2024 by MarketBeat.com Staff
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