Open Lending Co. (NASDAQ:LPRO) Given Average Recommendation of “Moderate Buy” by Analysts

Open Lending Co. (NASDAQ:LPRO) has received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $6.83.

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

Institutional Trading of Open Lending

Several hedge funds have recently modified their holdings of the company. Invesco Ltd. lifted its position in shares of Open Lending by 1.5% during the fourth quarter. Invesco Ltd. now owns 157,318 shares of the company’s stock valued at $939,000 after buying an additional 2,287 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Open Lending by 4.2% during the fourth quarter. LPL Financial LLC now owns 82,461 shares of the company’s stock valued at $492,000 after acquiring an additional 3,309 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Open Lending by 4.3% during the fourth quarter. Federated Hermes Inc. now owns 97,379 shares of the company’s stock valued at $581,000 after acquiring an additional 4,059 shares in the last quarter. R Squared Ltd acquired a new position in shares of Open Lending during the fourth quarter valued at about $25,000. Finally, Two Sigma Securities LLC increased its holdings in shares of Open Lending by 26.9% during the fourth quarter. Two Sigma Securities LLC now owns 23,401 shares of the company’s stock valued at $140,000 after acquiring an additional 4,962 shares in the last quarter. 78.06% of the stock is owned by hedge funds and other institutional investors.

Open Lending Stock Up 2.6 %

NASDAQ:LPRO opened at $3.57 on Thursday. Open Lending has a 1-year low of $3.15 and a 1-year high of $7.49. The company has a 50-day moving average of $5.24 and a 200 day moving average of $5.69. The firm has a market cap of $426.08 million, a PE ratio of 119.00 and a beta of 1.25. 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 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.