Open Lending Co. (NASDAQ:LPRO) Receives $6.83 Average PT from Analysts

Open Lending Co. (NASDAQ:LPRO) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $6.83.

Separately, Needham & Company LLC raised Open Lending from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research report on Wednesday, January 29th.

Open Lending Stock Down 1.0 %

Shares of NASDAQ:LPRO opened at $4.88 on Friday. The firm has a market cap of $582.43 million, a P/E ratio of 162.67 and a beta of 1.16. The company has a quick ratio of 9.42, a current ratio of 9.42 and a debt-to-equity ratio of 0.61. Open Lending has a 12-month low of $4.57 and a 12-month high of $7.49. The business has a fifty day simple moving average of $5.62 and a 200 day simple moving average of $5.80.

Institutional Trading of Open Lending

Several large investors have recently modified their holdings of LPRO. R Squared Ltd acquired a new stake in shares of Open Lending during the 4th quarter worth approximately $25,000. Quantbot Technologies LP acquired a new stake in shares of Open Lending during the 4th quarter worth approximately $54,000. Blue Trust Inc. grew its position in shares of Open Lending by 208.2% during the 3rd quarter. Blue Trust Inc. now owns 10,500 shares of the company’s stock worth $59,000 after buying an additional 7,093 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of Open Lending during the 3rd quarter worth approximately $68,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Open Lending during the 4th quarter worth approximately $80,000. Institutional investors and hedge funds 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.