Open Lending Corporation (NASDAQ:LPRO) Given Average Recommendation of “Hold” by Brokerages

Shares of Open Lending Corporation (NASDAQ:LPRO) have been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $2.60.

A number of analysts have weighed in on the company. Canaccord Genuity Group reiterated a “hold” rating and issued a $2.00 price target on shares of Open Lending in a research report on Tuesday, March 17th. Weiss Ratings restated a “sell (e+)” rating on shares of Open Lending in a research report on Tuesday. DA Davidson decreased their price target on Open Lending from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Finally, Wall Street Zen upgraded Open Lending from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th.

Open Lending Stock Performance

Shares of NASDAQ:LPRO opened at $2.18 on Friday. The business’s fifty day moving average price is $1.84 and its two-hundred day moving average price is $1.70. Open Lending has a fifty-two week low of $1.17 and a fifty-two week high of $2.70. The stock has a market capitalization of $256.54 million, a price-to-earnings ratio of -54.50 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 (NASDAQ:LPRO) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.01). Open Lending had a negative net margin of 5.95% and a positive return on equity of 7.53%. The company had revenue of $20.49 million during the quarter, compared to the consensus estimate of $20.41 million. As a group, analysts predict that Open Lending will post 0.08 EPS for the current fiscal year.

Institutional Trading of Open Lending

Several large investors have recently made changes to their positions in the business. D.A. Davidson & CO. acquired a new position in Open Lending during the 4th quarter worth $28,000. Prudential Financial Inc. acquired a new position in Open Lending during the 2nd quarter worth $28,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Open Lending during the first quarter worth approximately $43,000. R Squared Ltd raised 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 last quarter. Finally, Cerity Partners LLC bought a new stake in shares of Open Lending during the second quarter worth approximately $44,000. Institutional investors 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.