Open Lending Corporation (NASDAQ:LPRO) Given Average Recommendation of “Hold” by Brokerages

Open Lending Corporation (NASDAQ:LPRO) has earned a consensus rating of “Hold” from the six analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $2.5750.

Several research analysts have weighed in on the company. DA Davidson lowered their price objective on Open Lending from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Canaccord Genuity Group reiterated a “hold” rating and set a $2.00 price objective on shares of Open Lending in a research report on Tuesday, March 17th. Finally, Wall Street Zen cut Open Lending from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th.

Open Lending Stock Up 8.8%

LPRO stock opened at $2.11 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 4.44 and a quick ratio of 4.44. The stock has a market capitalization of $248.30 million, a price-to-earnings ratio of -52.75 and a beta of 2.20. The business’s fifty day moving average price is $1.57 and its two-hundred day moving average price is $1.64. Open Lending has a fifty-two week low of $1.18 and a fifty-two week high of $2.70.

Open Lending (NASDAQ:LPRO) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.01). The firm had revenue of $20.49 million for the quarter, compared to the consensus estimate of $20.41 million. Open Lending had a positive return on equity of 7.53% and a negative net margin of 5.95%. On average, equities analysts anticipate that Open Lending will post 0.08 earnings per share for the current year.

Institutional Trading of Open Lending

Large investors have recently modified their holdings of the stock. Portolan Capital Management LLC acquired a new stake in shares of Open Lending during the 3rd quarter worth $7,752,000. Wasatch Advisors LP grew its holdings in shares of Open Lending by 11.3% during the 1st quarter. Wasatch Advisors LP now owns 7,054,107 shares of the company’s stock worth $8,818,000 after purchasing an additional 716,509 shares in the last quarter. Whetstone Capital Advisors LLC grew its holdings in shares of Open Lending by 34.0% during the 4th quarter. Whetstone Capital Advisors LLC now owns 6,014,667 shares of the company’s stock worth $9,323,000 after purchasing an additional 1,525,926 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc grew its holdings in shares of Open Lending by 216.7% during the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 175,773 shares of the company’s stock worth $272,000 after purchasing an additional 120,267 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Open Lending by 3.0% during the 4th quarter. GSA Capital Partners LLP now owns 696,605 shares of the company’s stock worth $1,080,000 after purchasing an additional 20,484 shares in the last quarter. 78.06% of the stock is owned by institutional investors and hedge funds.

Open Lending Company Profile

Open Lending Corporation is a financial technology company specializing in risk analytics and automated loan decisioning for the automotive finance industry. Through its proprietary platform, Open Lending enables banks, credit unions and finance companies to enhance underwriting accuracy, manage risk more effectively and streamline the loan origination process. The company’s solutions leverage machine learning and big-data analytics to deliver credit-based pricing models that help lenders optimize portfolio performance and reduce losses.

The core offerings of Open Lending include an automated underwriting engine, risk-based pricing tools and performance analytics dashboards.