Open Lending (NASDAQ:LPRO) Rating Increased to Hold at Wall Street Zen

Open Lending (NASDAQ:LPRO) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other equities research analysts also recently weighed in on the stock. Canaccord Genuity Group restated a “hold” rating and issued a $2.00 target price on shares of Open Lending in a research note on Tuesday, March 17th. DA Davidson lowered their target price on shares of Open Lending from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Open Lending has a consensus rating of “Hold” and a consensus target price of $2.58.

Open Lending Price Performance

Shares of LPRO opened at $2.11 on Friday. The company has a market cap of $248.30 million, a price-to-earnings ratio of -52.75 and a beta of 2.28. Open Lending has a twelve month low of $1.17 and a twelve month high of $2.70. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 1.00. The company has a 50 day moving average of $1.75 and a two-hundred day moving average of $1.68.

Open Lending (NASDAQ:LPRO) last announced 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). The firm had revenue of $20.49 million during the quarter, compared to analyst estimates of $20.41 million. Open Lending had a negative net margin of 5.95% and a positive return on equity of 7.53%. As a group, analysts predict that Open Lending will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Open Lending

Institutional investors and hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. acquired a new stake in shares of Open Lending during the fourth quarter worth $28,000. Prudential Financial Inc. acquired a new stake in shares of Open Lending during the second quarter worth $28,000. Thompson Davis & CO. Inc. acquired a new stake in shares of Open Lending during the third quarter worth $42,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Open Lending during the first quarter worth $43,000. Finally, R Squared Ltd lifted its stake 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 buying an additional 7,047 shares during the period. 78.06% of the stock is currently owned by institutional investors and hedge funds.

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.