Open Lending (NASDAQ:LPRO – Get Free Report) released its earnings results on Tuesday. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01), Briefing.com reports. Open Lending had a net margin of 18.79% and a return on equity of 10.45%. The business had revenue of $30.75 million during the quarter, compared to analyst estimates of $28.65 million. During the same period last year, the business earned $0.10 EPS. The business’s quarterly revenue was down 19.9% compared to the same quarter last year.
Open Lending Price Performance
LPRO stock traded up $0.11 during trading on Wednesday, hitting $5.40. The company had a trading volume of 152,394 shares, compared to its average volume of 450,028. The company has a current ratio of 14.08, a quick ratio of 14.08 and a debt-to-equity ratio of 0.68. The company has a fifty day moving average price of $6.00 and a two-hundred day moving average price of $6.75. Open Lending has a fifty-two week low of $4.57 and a fifty-two week high of $11.99. The company has a market cap of $641.95 million, a P/E ratio of 31.12 and a beta of 1.03.
Insiders Place Their Bets
In related news, Director John Joseph Flynn sold 50,000 shares of Open Lending stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $7.35, for a total transaction of $367,500.00. Following the completion of the transaction, the director now directly owns 1,993,762 shares of the company’s stock, valued at approximately $14,654,150.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 15.00% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on LPRO
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.
Further Reading
- Five stocks we like better than Open Lending
- Dividend Payout Ratio Calculator
- Generac Powers Ahead on the Electrification Mega-Trend
- Stock Splits, Do They Really Impact Investors?
- PulteGroup Wins and Wins More on Interest Rate Cuts
- Compound Interest and Why It Matters When Investing
- How to Read an Earnings Report | Step by Step Guide with Tips
Receive News & Ratings for Open Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Open Lending and related companies with MarketBeat.com's FREE daily email newsletter.