Open Lending Co. (NASDAQ:LPRO) Given Consensus Recommendation of “Hold” by Analysts

Shares of Open Lending Co. (NASDAQ:LPRO) have been given a consensus rating of “Hold” by the seven analysts that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $6.83.

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Open Lending in a report on Wednesday, October 2nd.

Open Lending Stock Performance

NASDAQ LPRO opened at $5.87 on Friday. The business has a 50-day moving average price of $6.04 and a 200-day moving average price of $5.91. The firm has a market cap of $700.58 million, a price-to-earnings ratio of 195.67, a price-to-earnings-growth ratio of 2.46 and a beta of 1.16. Open Lending has a twelve month low of $4.57 and a twelve month high of $8.70. The company has a quick ratio of 9.42, a current ratio of 9.42 and a debt-to-equity ratio of 0.61.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LPRO. Cubist Systematic Strategies LLC purchased a new position in Open Lending during the second quarter worth $33,000. Blue Trust Inc. boosted its stake 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 purchasing an additional 7,093 shares during the period. Quantinno Capital Management LP bought a new position in Open Lending during the 3rd quarter valued at about $68,000. SlateStone Wealth LLC purchased a new stake in Open Lending in the 2nd quarter worth about $70,000. Finally, Intech Investment Management LLC bought a new stake in Open Lending in the third quarter worth about $91,000. Institutional investors own 78.06% of the company’s stock.

About Open Lending

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.