Open Lending (NASDAQ:LPRO) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Open Lending (NASDAQ:LPRO) to a sell rating in a research report released on Saturday.

Other equities research analysts have also recently issued reports about the stock. DA Davidson reissued a “neutral” rating and issued a $3.15 price objective (up from $3.00) on shares of Open Lending in a research note on Friday, June 26th. Northland Securities set a $3.15 target price on shares of Open Lending in a research report on Wednesday, June 17th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Open Lending in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $2.77.

Open Lending Price Performance

LPRO opened at $3.14 on Friday. The business’s fifty day moving average is $2.83 and its two-hundred day moving average is $2.04. The company has a debt-to-equity ratio of 1.00, a quick ratio of 4.44 and a current ratio of 4.44. The company has a market cap of $369.52 million, a price-to-earnings ratio of -78.50 and a beta of 2.19. Open Lending has a one year low of $1.17 and a one year high of $3.15.

Open Lending (NASDAQ:LPRO) last posted its earnings results 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). Open Lending had a negative net margin of 5.95% and a positive return on equity of 7.53%. The firm had revenue of $20.49 million during the quarter, compared to analyst estimates of $20.41 million. Analysts anticipate that Open Lending will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. R Squared Ltd boosted its position in shares of Open Lending by 32.7% in the fourth quarter. R Squared Ltd now owns 28,590 shares of the company’s stock worth $44,000 after acquiring an additional 7,047 shares during the last quarter. Rhumbline Advisers grew its holdings in Open Lending by 6.4% in the second quarter. Rhumbline Advisers now owns 159,855 shares of the company’s stock valued at $310,000 after purchasing an additional 9,590 shares during the period. AQR Capital Management LLC increased its position in Open Lending by 84.0% during the first quarter. AQR Capital Management LLC now owns 23,683 shares of the company’s stock worth $65,000 after purchasing an additional 10,812 shares during the last quarter. Barclays PLC increased its position in Open Lending by 9.0% during the fourth quarter. Barclays PLC now owns 157,383 shares of the company’s stock worth $244,000 after purchasing an additional 12,963 shares during the last quarter. Finally, Man Group plc raised its stake in Open Lending by 6.3% during the fourth quarter. Man Group plc now owns 237,313 shares of the company’s stock worth $368,000 after purchasing an additional 14,011 shares during the period. Institutional investors and hedge funds own 78.06% of the company’s stock.

About Open Lending

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.