Open Lending (NASDAQ:LPRO) Earns Market Perform Rating from Analysts at Citizens Jmp

Citizens Jmp assumed coverage on shares of Open Lending (NASDAQ:LPRO) in a research note issued to investors on Friday. The brokerage issued a market perform rating on the stock.

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

Open Lending Trading Down 15.0 %

Shares of LPRO opened at $1.02 on Friday. Open Lending has a fifty-two week low of $1.02 and a fifty-two week high of $6.97. The firm has a market cap of $121.74 million, a price-to-earnings ratio of 34.00 and a beta of 1.57. The firm has a 50 day moving average price of $4.58 and a 200-day moving average price of $5.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 9.42 and a current ratio of 9.42.

Open Lending (NASDAQ:LPRO) last posted its quarterly earnings results on Monday, March 31st. The company reported ($1.21) earnings per share 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 the consensus estimate of $24.03 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. As a group, equities research analysts forecast that Open Lending will post 0.1 earnings per share for the current year.

Institutional Investors Weigh In On Open Lending

A number of large investors have recently modified their holdings of the stock. R Squared Ltd bought a new position in Open Lending in the fourth quarter worth about $25,000. Quantbot Technologies LP purchased a new position in shares of Open Lending in the 4th quarter valued at approximately $54,000. Quantinno Capital Management LP bought a new stake in shares of Open Lending during the third quarter valued at approximately $68,000. Ameriprise Financial Inc. purchased a new stake in Open Lending in the fourth quarter worth $80,000. Finally, BNP Paribas Financial Markets bought a new position in Open Lending in the fourth quarter worth $87,000. Institutional investors own 78.06% of the company’s stock.

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.