Open Lending (LPRO) Expected to Announce Quarterly Earnings on Wednesday

Open Lending (NASDAQ:LPRO) is projected to release its Q1 2025 earnings data after the market closes on Wednesday, May 7th. Analysts expect Open Lending to post earnings of $0.02 per share and revenue of $24.78 million for the quarter.

Open Lending (NASDAQ:LPRO) last issued its quarterly earnings results on Monday, March 31st. The company reported ($1.21) EPS for the quarter, missing the consensus estimate of $0.02 by ($1.23). Open Lending had a return on equity of 2.15% and a net margin of 4.78%. The company had revenue of $24.23 million during the quarter, compared to analysts’ expectations of $24.03 million. During the same period in the previous year, the firm posted ($0.04) EPS. On average, analysts expect Open Lending to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Open Lending Trading Down 2.2 %

Shares of Open Lending stock opened at $1.31 on Tuesday. The firm has a market capitalization of $156.92 million, a PE ratio of 43.67 and a beta of 1.79. The firm’s 50-day moving average price is $2.38 and its 200 day moving average price is $4.64. Open Lending has a twelve month low of $0.70 and a twelve month high of $6.97. The company has a current ratio of 9.42, a quick ratio of 9.42 and a debt-to-equity ratio of 0.61.

Analysts Set New Price Targets

A number of brokerages recently commented on LPRO. Citizens Jmp initiated coverage on Open Lending in a research report on Friday, April 4th. They set a “market perform” rating on the stock. Needham & Company LLC dropped their price target on shares of Open Lending from $7.00 to $2.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. DA Davidson reiterated a “buy” rating and issued a $4.00 price objective on shares of Open Lending in a report on Wednesday, April 16th. Finally, Jefferies Financial Group lowered Open Lending from a “buy” rating to a “hold” rating and decreased their price target for the company from $8.00 to $3.70 in a research note on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Open Lending currently has an average rating of “Hold” and a consensus price target of $4.62.

Open Lending Company Profile

Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance companies of automakers in the United States. The company offers Lenders Protection Program (LPP), which is a cloud-based automotive lending platform that provides loan analytics solutions and automated issuance of credit default insurance with third-party insurance providers.