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NASDAQ:LPRO

Open Lending (LPRO) Stock Forecast, Price & News

$10.85
+0.31 (+2.94%)
(As of 04:00 PM ET)
Compare
Today's Range
$10.27
$10.87
50-Day Range
$6.62
$10.57
52-Week Range
$5.35
$13.50
Volume
558,804 shs
Average Volume
869,823 shs
Market Capitalization
$1.31 billion
P/E Ratio
24.66
Dividend Yield
N/A
Price Target
$12.33

Open Lending MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
13.7% Upside
$12.33 Price Target
Short Interest
Bearish
4.65% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.41mentions of Open Lending in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
33.33%
From $0.36 to $0.48 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.16 out of 5 stars

Finance Sector

587th out of 862 stocks

Personal Credit Institutions Industry

9th out of 13 stocks


LPRO stock logo

About Open Lending (NASDAQ:LPRO) Stock

Open Lending Corp. provides lending enablement and risk analytics to credit unions, regional banks and the captive finance companies of original equipment manufacturers (OEM Captives). It specializes in risk-based pricing and modeling and provides automated decision-technology for automotive lenders throughout the United States. The firm addresses the financing needs of near-prime and non-prime borrowers, or borrowers with a credit score who are underserved in the automotive finance industry. The company was founded by John J. Flynn, Sandy Watkins and Ross M. Jessup in 2000 and is headquartered in Austin, TX.

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LPRO Stock News Headlines

Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
The Ignored EV Story Few Investors Know About
Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.
Why Open Lending Stock Climbed 29% This Week
Open Lending (NASDAQ:LPRO) Price Target Raised to $6.00
Open Lending (NASDAQ:LPRO) Shares Gap Up on Earnings Beat
Morgan Stanley Remains a Sell on Open Lending (LPRO)
Q1 2023 Open Lending Corp Earnings Call
JMP Securities Keeps Their Buy Rating on Open Lending (LPRO)
See More Headlines

LPRO Price History

LPRO Company Calendar

Last Earnings
5/09/2023
Today
6/06/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Personal credit institutions
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:LPRO
Fax
N/A
Employees
132
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$12.33
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+17.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$66.62 million
Pretax Margin
46.97%

Debt

Sales & Book Value

Annual Sales
$179.59 million
Cash Flow
$0.55 per share
Book Value
$1.72 per share

Miscellaneous

Free Float
100,022,000
Market Cap
$1.27 billion
Optionable
Not Optionable
Beta
0.76

Key Executives

  • Keith A. Jezek
    Chief Executive Officer & Director
  • Jill Tyson
    Senior Vice President-Operations
  • Charles D. JehlCharles D. Jehl
    Chief Financial Officer, Treasurer & Executive VP
  • Sarah Lackey
    Chief Technology Officer
  • Thinh Nguyen
    Chief Information Officer













LPRO Stock - Frequently Asked Questions

Should I buy or sell Open Lending stock right now?

9 Wall Street equities research 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 and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LPRO shares.
View LPRO analyst ratings
or view top-rated stocks.

What is Open Lending's stock price forecast for 2023?

9 Wall Street analysts have issued 1-year price targets for Open Lending's stock. Their LPRO share price forecasts range from $6.00 to $30.00. On average, they anticipate the company's stock price to reach $12.33 in the next twelve months. This suggests a possible upside of 17.0% from the stock's current price.
View analysts price targets for LPRO
or view top-rated stocks among Wall Street analysts.

How have LPRO shares performed in 2023?

Open Lending's stock was trading at $6.75 at the start of the year. Since then, LPRO shares have increased by 56.1% and is now trading at $10.54.
View the best growth stocks for 2023 here
.

When is Open Lending's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our LPRO earnings forecast
.

How were Open Lending's earnings last quarter?

Open Lending Co. (NASDAQ:LPRO) posted its quarterly earnings results on Tuesday, May, 9th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.03. The company earned $38.36 million during the quarter, compared to the consensus estimate of $32.19 million. Open Lending had a trailing twelve-month return on equity of 26.08% and a net margin of 33.36%. The business's revenue for the quarter was down 23.4% on a year-over-year basis. During the same period last year, the company posted $0.18 earnings per share.

What guidance has Open Lending issued on next quarter's earnings?

Open Lending updated its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $33.00 million-$37.00 million, compared to the consensus revenue estimate of $34.73 million.

What other stocks do shareholders of Open Lending own?

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).

What is Open Lending's stock symbol?

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

Who are Open Lending's major shareholders?

Open Lending's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Wasatch Advisors LP (13.89%), Price T Rowe Associates Inc. MD (9.94%), BlackRock Inc. (6.27%), State Street Corp (1.91%), Geode Capital Management LLC (1.66%) and Villere ST Denis J & Co. LLC (1.34%). 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.
View institutional ownership trends
.

How do I buy shares of Open Lending?

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.
Compare Top Brokerages Here.

What is Open Lending's stock price today?

One share of LPRO stock can currently be purchased for approximately $10.54.

How much money does Open Lending make?

Open Lending (NASDAQ:LPRO) has a market capitalization of $1.27 billion and generates $179.59 million in revenue each year. The company earns $66.62 million in net income (profit) each year or $0.44 on an earnings per share basis.

How many employees does Open Lending have?

The company employs 132 workers across the globe.

How can I contact Open Lending?

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.

This page (NASDAQ:LPRO) was last updated on 6/6/2023 by MarketBeat.com Staff

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