JPMorgan Chase & Co. Has $936,000 Stock Holdings in Open Lending Corporation $LPRO

JPMorgan Chase & Co. lessened its position in Open Lending Corporation (NASDAQ:LPRO) by 47.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 443,765 shares of the company’s stock after selling 404,659 shares during the period. JPMorgan Chase & Co.’s holdings in Open Lending were worth $936,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd boosted its stake in shares of Open Lending by 49.3% in the 3rd quarter. R Squared Ltd now owns 21,543 shares of the company’s stock valued at $45,000 after purchasing an additional 7,111 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Open Lending by 6.4% in the 2nd quarter. Rhumbline Advisers now owns 159,855 shares of the company’s stock valued at $310,000 after purchasing an additional 9,590 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Open Lending by 16.1% in the 3rd quarter. Savant Capital LLC now owns 75,223 shares of the company’s stock valued at $159,000 after purchasing an additional 10,452 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Open Lending by 84.0% in the 1st quarter. AQR Capital Management LLC now owns 23,683 shares of the company’s stock valued at $65,000 after purchasing an additional 10,812 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of Open Lending in the 2nd quarter valued at $28,000. Institutional investors and hedge funds own 78.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $2.00 price target on shares of Open Lending in a report on Tuesday, March 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Open Lending in a report on Thursday, January 22nd. Finally, DA Davidson cut their price target on Open Lending from $4.00 to $3.00 and set a “buy” rating for the company in a report on Monday, March 16th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Open Lending currently has an average rating of “Hold” and an average price target of $2.56.

Open Lending Stock Performance

Open Lending stock opened at $1.45 on Friday. The stock has a 50-day simple moving average of $1.40 and a 200 day simple moving average of $1.69. The company has a quick ratio of 4.52, a current ratio of 4.52 and a debt-to-equity ratio of 1.03. Open Lending Corporation has a 12-month low of $0.70 and a 12-month high of $2.70. The stock has a market capitalization of $170.63 million, a price-to-earnings ratio of -48.33 and a beta of 2.03.

Open Lending (NASDAQ:LPRO) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Open Lending had a negative net margin of 4.54% and a positive return on equity of 8.83%. The business had revenue of $19.35 million during the quarter, compared to the consensus estimate of $21.92 million. On average, research analysts anticipate that Open Lending Corporation will post 0.1 earnings per share for the current fiscal year.

Open Lending 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.