Open Lending Corporation (NASDAQ:LPRO) Given Consensus Recommendation of “Hold” by Analysts

Shares of Open Lending Corporation (NASDAQ:LPRO) have received a consensus recommendation of “Hold” from the six research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $2.5750.

A number of equities research analysts have recently commented on LPRO shares. Wall Street Zen cut Open Lending from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Canaccord Genuity Group reiterated a “hold” rating and set a $2.00 target price on shares of Open Lending in a research note on Tuesday, March 17th. Finally, DA Davidson lowered their price objective on Open Lending from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Monday, March 16th.

Open Lending Stock Performance

NASDAQ LPRO opened at $2.11 on Tuesday. The stock has a market capitalization of $248.30 million, a price-to-earnings ratio of -52.75 and a beta of 2.20. Open Lending has a one year low of $1.18 and a one year high of $2.70. The company has a debt-to-equity ratio of 1.00, a current ratio of 4.44 and a quick ratio of 4.44. The business’s fifty day moving average is $1.59 and its 200-day moving average is $1.64.

Open Lending (NASDAQ:LPRO) last released its earnings results on Thursday, May 7th. The company reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.01). The business had revenue of $20.49 million for the quarter, compared to the consensus estimate of $20.41 million. Open Lending had a positive return on equity of 7.53% and a negative net margin of 5.95%. Equities research analysts predict that Open Lending will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Open Lending

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. bought a new stake in Open Lending in the 4th quarter valued at about $28,000. Prudential Financial Inc. bought a new stake in Open Lending in the 2nd quarter valued at about $28,000. Thompson Davis & CO. Inc. bought a new stake in Open Lending in the 3rd quarter valued at about $42,000. Dynamic Technology Lab Private Ltd bought a new stake in Open Lending in the 1st quarter valued at about $43,000. Finally, R Squared Ltd raised its stake in Open Lending by 32.7% in the 4th quarter. R Squared Ltd now owns 28,590 shares of the company’s stock valued at $44,000 after acquiring an additional 7,047 shares during the period. 78.06% of the stock is currently owned by institutional investors.

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.