Analysts Set Open Lending Corporation (NASDAQ:LPRO) PT at $3.10

Shares of Open Lending Corporation (NASDAQ:LPRO) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $3.10.

Several equities research analysts have recently weighed in on the company. Raymond James Financial reiterated an “outperform” rating and set a $2.80 price target (up from $2.50) on shares of Open Lending in a research report on Thursday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Open Lending in a research report on Wednesday.

Institutional Trading of Open Lending

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. bought a new stake in Open Lending in the fourth quarter valued at approximately $80,000. Bank of America Corp DE lifted its position in Open Lending by 10.5% in the fourth quarter. Bank of America Corp DE now owns 141,153 shares of the company’s stock valued at $843,000 after purchasing an additional 13,394 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Open Lending by 20.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,743 shares of the company’s stock valued at $1,210,000 after purchasing an additional 34,740 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Open Lending by 58.3% in the first quarter. Exchange Traded Concepts LLC now owns 77,055 shares of the company’s stock valued at $213,000 after purchasing an additional 28,369 shares during the last quarter. Finally, Harrell Investment Partners LLC bought a new stake in Open Lending in the first quarter valued at approximately $62,000. Hedge funds and other institutional investors own 78.06% of the company’s stock.

Open Lending Trading Down 5.5%

Shares of LPRO opened at $1.89 on Monday. The business has a 50-day moving average of $2.15 and a 200 day moving average of $1.96. Open Lending has a fifty-two week low of $0.70 and a fifty-two week high of $6.92. The firm has a market cap of $223.34 million, a P/E ratio of -1.60 and a beta of 1.94. The company has a debt-to-equity ratio of 1.63, a quick ratio of 5.67 and a current ratio of 5.67.

Open Lending (NASDAQ:LPRO) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $25.31 million during the quarter, compared to the consensus estimate of $23.63 million. As a group, research analysts forecast that Open Lending will post 0.1 EPS for the current year.

Open Lending Company Profile

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.