Northland Capmk Reduces Earnings Estimates for Open Lending

Open Lending Co. (NASDAQ:LPRO) – Analysts at Northland Capmk dropped their FY2025 earnings per share estimates for Open Lending in a report issued on Tuesday, April 1st. Northland Capmk analyst M. Grondahl now forecasts that the company will post earnings of $0.09 per share for the year, down from their previous estimate of $0.26. The consensus estimate for Open Lending’s current full-year earnings is $0.10 per share. Northland Capmk also issued estimates for Open Lending’s FY2025 earnings at $0.09 EPS.

A number of other equities research analysts have also issued reports on the company. Needham & Company LLC reduced their target price on Open Lending from $7.00 to $2.00 and set a “buy” rating on the stock in a research note on Wednesday. DA Davidson reduced their price objective on Open Lending from $8.00 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Jefferies Financial Group cut Open Lending from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $8.00 to $3.70 in a research report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $4.62.

Open Lending Stock Down 6.3 %

Shares of NASDAQ LPRO opened at $1.20 on Friday. The firm’s 50-day moving average is $4.66 and its two-hundred day moving average is $5.46. The company has a market capitalization of $143.22 million, a PE ratio of 40.00 and a beta of 1.57. Open Lending has a 12-month low of $1.11 and a 12-month high of $6.97. The company has a debt-to-equity ratio of 0.61, a current ratio of 9.42 and a quick ratio of 9.42.

Open Lending (NASDAQ:LPRO) last released its quarterly earnings data on Monday, March 31st. The company reported ($1.21) EPS for the quarter, missing the consensus estimate of $0.02 by ($1.23). Open Lending had a return on equity of 2.15% and a net margin of 4.78%. The business had revenue of $24.23 million during the quarter, compared to analysts’ expectations of $24.03 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in Open Lending during the fourth quarter worth approximately $4,326,000. Barclays PLC increased its holdings in shares of Open Lending by 363.5% during the 3rd quarter. Barclays PLC now owns 169,024 shares of the company’s stock worth $1,034,000 after buying an additional 132,561 shares during the last quarter. Royce & Associates LP raised its position in shares of Open Lending by 61.3% in the 4th quarter. Royce & Associates LP now owns 777,035 shares of the company’s stock worth $4,639,000 after buying an additional 295,395 shares during the period. State Street Corp boosted its holdings in Open Lending by 2.6% in the third quarter. State Street Corp now owns 2,545,783 shares of the company’s stock valued at $15,580,000 after acquiring an additional 63,450 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Open Lending by 3.7% during the fourth quarter. Rhumbline Advisers now owns 146,101 shares of the company’s stock valued at $872,000 after acquiring an additional 5,149 shares during the period. 78.06% of the stock is currently owned by hedge funds and other institutional investors.

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.