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: 0.41
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

2.3

Analyst's Opinion

Consensus Rating
Open Lending has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 6 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $12.33, Open Lending has a forecasted upside of 13.7% from its current price of $10.85.
Amount of Analyst Coverage
Open Lending has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.65% 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 4.7.
Change versus previous month
Short interest in Open Lending has recently increased by 8.73%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Open Lending does not currently pay a dividend.
Dividend Growth
Open Lending does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LPRO.

1.9

News and Social Media Coverage

News Sentiment
Open Lending has a news sentiment score of 0.41. 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 0.62 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Open Lending this week, compared to 3 articles on an average week.
Search Interest
5 people have searched for LPRO on MarketBeat in the last 30 days.

2.5

Company Ownership

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
17.10% 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
91.43% of the stock of Open Lending is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Open Lending are expected to grow by 33.33% in the coming year, from $0.36 to $0.48 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Open Lending is 24.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of Open Lending is 24.66, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 155.69.
Price to Book Value per Share Ratio
Open Lending has a P/B Ratio of 6.31. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

June 1, 2023 | msn.com

Stephens & Co. Reiterates Open Lending Corp - (LPRO) Equal-Weight Recommendation

May 31, 2023 | americanbankingnews.com

Open Lending Co. (NASDAQ:LPRO) Receives $12.33 Average PT from Analysts

June 6, 2023 | Edge On The Street (Ad)

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.

May 30, 2023 | finance.yahoo.com

Open Lending to Present at William Blair Growth Stock Conference

May 13, 2023 | seekingalpha.com

Open Lending Corporation (LPRO) Q1 2023 Earnings Call Transcript

May 13, 2023 | americanbankingnews.com

Brokers Issue Forecasts for Open Lending Co.'s Q3 2023 Earnings (NASDAQ:LPRO)

May 13, 2023 | americanbankingnews.com

Open Lending Co. (NASDAQ:LPRO) to Post Q2 2023 Earnings of $0.08 Per Share, William Blair Forecasts

May 12, 2023 | msn.com

Morgan Stanley Maintains Open Lending Corp - (LPRO) Underweight Recommendation

June 6, 2023 | Edge On The Street (Ad)

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.

May 12, 2023 | msn.com

Why Open Lending Stock Climbed 29% This Week

May 12, 2023 | finance.yahoo.com

Surging Earnings Estimates Signal Upside for Open Lending (LPRO) Stock

May 12, 2023 | finance.yahoo.com

Why Open Lending Stock Climbed 29% This Week

May 12, 2023 | americanbankingnews.com

Open Lending (NASDAQ:LPRO) Price Target Raised to $6.00

May 12, 2023 | americanbankingnews.com

Open Lending (NASDAQ:LPRO) Shares Gap Up on Earnings Beat

May 11, 2023 | msn.com

Canaccord Genuity Reiterates Open Lending Corp - (LPRO) Buy Recommendation

May 11, 2023 | finance.yahoo.com

Lending Enablement Solutions Drive ROA Attainment for Automotive Lenders, Open Lending Survey Finds

May 11, 2023 | americanbankingnews.com

Open Lending's (LPRO) "Outperform" Rating Reiterated at William Blair

May 11, 2023 | markets.businessinsider.com

Morgan Stanley Remains a Sell on Open Lending (LPRO)

May 11, 2023 | msn.com

Raymond James Maintains Open Lending Corp - (LPRO) Outperform Recommendation

May 10, 2023 | finance.yahoo.com

Q1 2023 Open Lending Corp Earnings Call

May 10, 2023 | markets.businessinsider.com

JMP Securities Keeps Their Buy Rating on Open Lending (LPRO)

May 10, 2023 | markets.businessinsider.com

Canaccord Genuity Reaffirms Their Buy Rating on Open Lending (LPRO)

May 9, 2023 | finance.yahoo.com

Open Lending Reports First Quarter 2023 Financial Results

May 9, 2023 | finance.yahoo.com

Open Lending (LPRO) Q1 Earnings and Revenues Surpass Estimates

May 8, 2023 | msn.com

Open Lending Corporation Q1 2023 Earnings Preview

May 8, 2023 | americanbankingnews.com

Open Lending (LPRO) Scheduled to Post Quarterly Earnings on Tuesday

May 6, 2023 | americanbankingnews.com

Open Lending Co. (NASDAQ:LPRO) Given Consensus Recommendation of "Moderate Buy" by Brokerages

See More Headlines

LPRO Price History

30 days | 90 days | 365 days | Advanced Chart

LPRO Company Calendar

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

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Personal credit institutions
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:LPRO
CUSIP: N/A
CIK: 1806201
Web: www.openlending.com
Phone: (512) 892-0400
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

EPS (Most Recent Fiscal Year): $0.44
Trailing P/E Ratio: 23.96
Forward P/E Ratio: 29.28
P/E Growth: N/A
Net Income: $66.62 million
Net Margins: 33.36%
Pretax Margin: 46.97%
Return on Equity: 26.08%
Return on Assets: 14.75%

Debt

Debt-to-Equity Ratio: 0.69
Current Ratio: 16.24
Quick Ratio: 16.24

Sales & Book Value

Annual Sales: $179.59 million
Price / Sales: 7.08
Cash Flow: $0.55 per share
Price / Cash Flow: 19.23
Book Value: $1.72 per share
Price / Book: 6.13

Miscellaneous

Outstanding Shares: 120,650,000
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. Jehl
Chief Financial Officer, Treasurer & Executive VP

Sarah Lackey
Chief Technology Officer

Thinh Nguyen
Chief Information Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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 ETFs hold Open Lending's stock?: 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), First Trust NASDAQ BuyWrite Income ETF (FTQI), Global X FinTech Thematic ETF (FINX), 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) and
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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