Open Lending Corporation (NASDAQ:LPRO) Given Consensus Recommendation of “Hold” by Analysts

Shares of Open Lending Corporation (NASDAQ:LPRO) have earned an average rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $2.56.

A number of research analysts recently issued reports on LPRO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Open Lending in a research note on Thursday, January 22nd. DA Davidson reduced their price objective on Open Lending from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a $2.00 price objective on shares of Open Lending in a report on Tuesday, March 17th.

Open Lending Stock Performance

NASDAQ LPRO opened at $1.21 on Monday. The company has a fifty day moving average of $1.53 and a two-hundred day moving average of $1.74. The company has a market capitalization of $142.39 million, a PE ratio of -40.33 and a beta of 2.05. Open Lending has a 1 year low of $0.70 and a 1 year high of $2.92. The company has a debt-to-equity ratio of 1.03, a current ratio of 4.52 and a quick ratio of 4.52.

Open Lending (NASDAQ:LPRO) last posted its earnings results on Thursday, March 12th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Open Lending had a positive return on equity of 8.83% and a negative net margin of 4.54%.The firm had revenue of $19.35 million for the quarter, compared to analyst estimates of $21.92 million. As a group, analysts expect that Open Lending will post 0.1 earnings per share for the current year.

Institutional Trading of Open Lending

Large investors have recently bought and sold shares of the business. Invesco Ltd. grew its position in Open Lending by 6.8% during the 4th quarter. Invesco Ltd. now owns 285,148 shares of the company’s stock worth $442,000 after purchasing an additional 18,118 shares during the last quarter. Veradace Capital Management LLC purchased a new stake in shares of Open Lending in the fourth quarter valued at about $2,372,000. SkyView Investment Advisors LLC boosted its stake in shares of Open Lending by 25.5% during the fourth quarter. SkyView Investment Advisors LLC now owns 150,422 shares of the company’s stock worth $233,000 after buying an additional 30,523 shares during the period. Quadrature Capital Ltd grew its holdings in shares of Open Lending by 223.5% during the fourth quarter. Quadrature Capital Ltd now owns 65,376 shares of the company’s stock worth $101,000 after buying an additional 45,166 shares during the last quarter. Finally, Man Group plc grew its holdings in shares of 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 buying an additional 14,011 shares during 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.