Jessica E. Buss Acquires 12,975 Shares of Open Lending Co. (NASDAQ:LPRO) Stock

Open Lending Co. (NASDAQ:LPRO) CEO Jessica E. Buss purchased 12,975 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $1.93 per share, for a total transaction of $25,041.75. Following the purchase, the chief executive officer now directly owns 46,446 shares of the company’s stock, valued at approximately $89,640.78. The trade was a 38.76% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Open Lending Stock Performance

LPRO opened at $2.11 on Friday. The firm has a 50 day moving average of $1.92 and a two-hundred day moving average of $4.45. The firm has a market capitalization of $252.14 million, a PE ratio of 70.17 and a beta of 1.79. The company has a current ratio of 9.42, a quick ratio of 9.42 and a debt-to-equity ratio of 0.61. Open Lending Co. has a 12-month low of $0.70 and a 12-month high of $6.97.

Open Lending (NASDAQ:LPRO) last issued its earnings results on Wednesday, May 7th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Open Lending had a net margin of 4.78% and a return on equity of 2.15%. The firm had revenue of $24.39 million during the quarter, compared to analysts’ expectations of $24.78 million. On average, analysts anticipate that Open Lending Co. will post 0.1 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on LPRO. Jefferies Financial Group lowered shares of Open Lending from a “buy” rating to a “hold” rating and decreased their price objective for the company from $8.00 to $3.70 in a research report on Thursday, March 20th. Citizens Jmp began coverage on shares of Open Lending in a report on Friday, April 4th. They issued a “market perform” rating for the company. Needham & Company LLC lifted their price objective on shares of Open Lending from $2.00 to $2.50 and gave the stock a “buy” rating in a research note on Friday, May 9th. Finally, DA Davidson reissued a “buy” rating and issued a $4.00 target price on shares of Open Lending in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $4.44.

Hedge Funds Weigh In On Open Lending

Institutional investors have recently modified their holdings of the stock. AWH Capital L.P. purchased a new stake in shares of Open Lending in the first quarter worth about $428,000. Caption Management LLC acquired a new position in Open Lending in the first quarter valued at approximately $856,000. Palogic Value Management L.P. boosted its position in Open Lending by 52.2% in the 1st quarter. Palogic Value Management L.P. now owns 1,092,677 shares of the company’s stock worth $3,016,000 after purchasing an additional 374,629 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Open Lending during the 1st quarter worth approximately $261,000. Finally, Jump Financial LLC acquired a new stake in shares of Open Lending during the 1st quarter worth approximately $130,000. Hedge funds and other institutional investors own 78.06% of the company’s stock.

About Open Lending

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.