Open Lending (LPRO) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Open Lending in the last year. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" LPRO shares.
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10 brokers have issued 12 month price objectives for Open Lending's shares. Their LPRO share price forecasts range from $6.00 to $20.00. On average, they anticipate the company's stock price to reach $10.63 in the next year. This suggests a possible upside of 51.8% from the stock's current price.
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Open Lending's stock was trading at $6.75 on January 1st, 2023. Since then, LPRO stock has increased by 3.7% and is now trading at $7.00.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our LPRO earnings forecast.

Open Lending Co. (NASDAQ:LPRO) issued its earnings results on Tuesday, August, 8th. The company reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. The company had revenue of $38.15 million for the quarter, compared to analyst estimates of $35.60 million. Open Lending had a trailing twelve-month return on equity of 20.33% and a net margin of 28.73%. Open Lending's revenue for the quarter was down 26.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS.

ETFs with the largest weight of Open Lending (NASDAQ:LPRO) stock in their portfolio include Invesco Dorsey Wright Financial Momentum ETF (PFI).Global X FinTech Thematic ETF (FINX).

Open Lending issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $29.00 million-$34.00 million, compared to the consensus revenue estimate of $37.30 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Open Lending investors own include Trevena (TRVN), Advanced Micro Devices (AMD), 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 many different institutional and retail investors. Top institutional shareholders include Wasatch Advisors LP (13.85%), BlackRock Inc. (5.79%), State Street Corp (2.13%), Geode Capital Management LLC (1.65%), Dimensional Fund Advisors LP (1.30%) and Kornitzer Capital Management Inc. KS (1.14%). Insiders that own company stock include Blair J Greenberg, Charles D Jehl, Gene Yoon, John Joseph Flynn, Nebula Holdings Llc, Ross M Jessup, Sagemount I LP Bregal and Shubhi Suryaji Rao.
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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 $7.00.

Open Lending (NASDAQ:LPRO) has a market capitalization of $844.90 million and generates $179.59 million in revenue each year. The company earns $66.62 million in net income (profit) each year or $0.35 on an earnings per share basis.

The company employs 180 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.