Open Lending Corporation (NASDAQ:LPRO) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Open Lending Corporation (NASDAQ:LPRO) have received an average rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $2.7375.

Several research analysts have recently commented on LPRO shares. DA Davidson reissued a “buy” rating and issued a $3.00 target price on shares of Open Lending in a report on Wednesday. Weiss Ratings reissued a “sell (e+)” rating on shares of Open Lending in a report on Tuesday, June 9th. Wall Street Zen downgraded Open Lending from a “hold” rating to a “sell” rating in a report on Sunday, June 14th. Northland Securities set a $3.15 target price on Open Lending in a report on Wednesday. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a $2.00 target price on shares of Open Lending in a report on Tuesday, March 17th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LPRO. D.A. Davidson & CO. bought a new position in Open Lending in the 4th quarter worth approximately $28,000. Prudential Financial Inc. bought a new position in Open Lending in the 2nd quarter worth approximately $28,000. Dynamic Technology Lab Private Ltd bought a new position in Open Lending in the 1st quarter worth approximately $43,000. R Squared Ltd raised its position in Open Lending by 32.7% in the 4th quarter. R Squared Ltd now owns 28,590 shares of the company’s stock worth $44,000 after purchasing an additional 7,047 shares during the last quarter. Finally, Cerity Partners LLC bought a new position in Open Lending in the 2nd quarter worth approximately $44,000. Institutional investors own 78.06% of the company’s stock.

Open Lending Price Performance

Shares of LPRO opened at $3.11 on Friday. The company has a market capitalization of $365.98 million, a P/E ratio of -77.75 and a beta of 2.28. The company has a debt-to-equity ratio of 1.00, a current ratio of 4.44 and a quick ratio of 4.44. Open Lending has a one year low of $1.17 and a one year high of $3.13. The business’s 50 day simple moving average is $2.00 and its 200-day simple moving average is $1.74.

Open Lending (NASDAQ:LPRO) last announced its earnings results on Thursday, May 7th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.01 by ($0.01). The business had revenue of $20.49 million during the quarter, compared to analyst estimates of $20.41 million. Open Lending had a positive return on equity of 7.53% and a negative net margin of 5.95%. As a group, sell-side analysts predict that Open Lending will post 0.08 EPS for the current fiscal year.

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.