Open Lending (LPRO) Stock Forecast, Price & News

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

9 analysts have issued twelve-month target prices for Open Lending's stock. Their LPRO share price forecasts range from $6.00 to $30.00. On average, they expect the company's share price to reach $12.33 in the next twelve months. This suggests a possible upside of 17.1% from the stock's current price.
View analysts price targets for LPRO or view top-rated stocks among Wall Street analysts.

Open Lending's stock was trading at $6.75 at the beginning of 2023. Since then, LPRO stock has increased by 56.0% and is now trading at $10.53.
View the best growth stocks for 2023 here.

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

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

ETFs with the largest weight of Open Lending (NASDAQ:LPRO) stock in their portfolio include SPDR S&P Capital Markets ETF (KCE), Distillate Small/Mid Cash Flow ETF (DSMC), Global X FinTech Thematic ETF (FINX), First Trust NASDAQ BuyWrite Income ETF (FTQI), Royce Quant Small-Cap Quality Value ETF (SQLV), Janus Henderson Small Cap Growth Alpha ETF (JSML), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD).iShares U.S. Tech Breakthrough Multisector ETF (TECB).

Open Lending issued an update on its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share 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.

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 institutional and retail investors. Top institutional investors 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.

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.

One share of LPRO stock can currently be purchased for approximately $10.53.

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.

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.