Open Lending Corporation (NASDAQ:LPRO) Given Consensus Rating of “Hold” by Brokerages

Open Lending Corporation (NASDAQ:LPRO) has received a consensus rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $2.9167.

A number of analysts have weighed in on the stock. Canaccord Genuity Group decreased their target price on shares of Open Lending from $7.00 to $2.00 and set a “hold” rating for the company in a research report on Thursday, November 13th. Citigroup reaffirmed a “market perform” rating on shares of Open Lending in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Open Lending in a research report on Thursday, January 22nd. Finally, DA Davidson reissued a “buy” rating and set a $4.00 target price on shares of Open Lending in a research note on Tuesday, November 11th.

Open Lending Stock Performance

Shares of LPRO stock opened at $1.69 on Friday. The business’s 50-day moving average price is $1.79 and its 200-day moving average price is $1.95. Open Lending has a 12 month low of $0.70 and a 12 month high of $6.57. The firm has a market capitalization of $199.74 million, a price-to-earnings ratio of -1.35 and a beta of 2.03. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 1.74.

Open Lending (NASDAQ:LPRO) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $24.17 million during the quarter, compared to analyst estimates of $22.15 million. Equities research analysts forecast that Open Lending will post 0.1 EPS for the current year.

Insider Transactions at Open Lending

In related news, insider Matthew Sather acquired 40,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were purchased at an average price of $1.52 per share, for a total transaction of $60,800.00. Following the completion of the acquisition, the insider owned 44,363 shares of the company’s stock, valued at approximately $67,431.76. This trade represents a 916.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. R Squared Ltd increased its position in shares of Open Lending by 32.7% during 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 in the last quarter. Rhumbline Advisers boosted its stake in Open Lending by 6.4% during the 2nd 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 last quarter. Savant Capital LLC increased its holdings in Open Lending by 16.1% during the 3rd quarter. Savant Capital LLC now owns 75,223 shares of the company’s stock worth $159,000 after purchasing an additional 10,452 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Open Lending by 84.0% in 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. Finally, Gilbert & Cook Inc. lifted its holdings in shares of Open Lending by 38.8% in the second quarter. Gilbert & Cook Inc. now owns 46,396 shares of the company’s stock valued at $90,000 after purchasing an additional 12,975 shares in the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.

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.