Shares of Open Lending Co. (NASDAQ:LPRO – Get Rating) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $12.33.
LPRO has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Open Lending from $5.00 to $6.00 in a research report on Thursday, May 11th. JMP Securities restated a “market outperform” rating and issued a $10.00 target price on shares of Open Lending in a research report on Tuesday, January 31st. DA Davidson decreased their target price on shares of Open Lending from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, February 27th. Canaccord Genuity Group decreased their target price on shares of Open Lending from $30.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, February 21st. Finally, Raymond James cut shares of Open Lending from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $10.00 to $9.00 in a research report on Monday, February 27th.
Open Lending Stock Up 1.5 %
Shares of Open Lending stock opened at $9.99 on Friday. The company has a fifty day moving average price of $7.61 and a 200 day moving average price of $7.53. The company has a current ratio of 16.24, a quick ratio of 16.24 and a debt-to-equity ratio of 0.69. Open Lending has a twelve month low of $5.35 and a twelve month high of $13.97. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 22.70 and a beta of 0.77.
Hedge Funds Weigh In On Open Lending
A number of hedge funds and other institutional investors have recently made changes to their positions in LPRO. SkyView Investment Advisors LLC acquired a new stake in Open Lending in the 1st quarter valued at about $218,000. JPMorgan Chase & Co. increased its position in Open Lending by 23.4% in the 1st quarter. JPMorgan Chase & Co. now owns 135,238 shares of the company’s stock valued at $952,000 after acquiring an additional 25,662 shares in the last quarter. KB Financial Partners LLC acquired a new stake in Open Lending in the 1st quarter valued at about $200,000. State Street Corp increased its position in Open Lending by 1.3% in the 1st quarter. State Street Corp now owns 2,360,966 shares of the company’s stock valued at $16,621,000 after acquiring an additional 30,647 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Open Lending by 5.6% in the 1st quarter. Geode Capital Management LLC now owns 2,051,317 shares of the company’s stock valued at $14,441,000 after acquiring an additional 107,919 shares in the last quarter. 91.43% of the stock is owned by institutional investors.
Open Lending Company Profile
Open Lending Corp. provides lending enablement and risk analytics to credit unions, regional banks and the captive finance companies of original equipment manufacturers (OEM Captives). It specializes in risk-based pricing and modeling and provides automated decision-technology for automotive lenders throughout the United States.
- Get a free copy of the StockNews.com research report on Open Lending (LPRO)
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
- Best Buy’s Comeback Is Still At Play, Earnings Call For Patience
- e.l.f. Beauty Has Giant Quarter, Shares Hit New High
- If You Can Only Pick One Stock For The Rest Of 2023, Pick Nvidia
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.