Ieq Capital LLC Takes Position in Open Lending Corporation $LPRO

Ieq Capital LLC purchased a new stake in Open Lending Corporation (NASDAQ:LPRO) in the 2nd quarter, HoldingsChannel reports. The firm purchased 167,454 shares of the company’s stock, valued at approximately $521,000.

A number of other large investors also recently bought and sold shares of the business. Prudential Financial Inc. acquired a new stake in Open Lending in the second quarter valued at approximately $28,000. D.A. Davidson & CO. acquired a new position in shares of Open Lending during the 4th quarter worth approximately $28,000. Pallas Capital Advisors LLC acquired a new position in shares of Open Lending during the 2nd quarter worth approximately $35,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Open Lending during the 1st quarter valued at approximately $43,000. Finally, Cerity Partners LLC purchased a new position in shares of Open Lending during the 2nd quarter valued at approximately $44,000. Institutional investors and hedge funds own 78.06% of the company’s stock.

Open Lending Stock Performance

NASDAQ LPRO opened at $3.14 on Friday. 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 stock’s 50 day simple moving average is $3.13 and its 200-day simple moving average is $2.21. The company has a market cap of $369.50 million, a PE ratio of -78.50 and a beta of 2.19. Open Lending Corporation has a 1-year low of $1.17 and a 1-year high of $3.15.

Analyst Ratings Changes

Several brokerages recently commented on LPRO. Weiss Ratings reissued a “sell (e+)” rating on shares of Open Lending in a report on Tuesday, June 9th. Wall Street Zen raised shares of Open Lending to a “sell” rating in a report on Saturday, August 1st. DA Davidson reiterated a “neutral” rating and issued a $3.15 target price (up from $3.00) on shares of Open Lending in a research report on Friday, June 26th. Finally, Northland Securities set a $3.15 target price on shares of Open Lending in a research note on Wednesday, June 17th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $2.77.

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.