Open Lending (LPRO) Projected to Post Earnings on Tuesday

Open Lending (NASDAQ:LPRO) will likely be posting its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect Open Lending to post earnings of $0.04 per share and revenue of $24.03 million for the quarter.

Open Lending Trading Down 4.9 %

Shares of LPRO opened at $5.18 on Friday. Open Lending has a 12-month low of $4.57 and a 12-month high of $8.14. The company has a quick ratio of 9.42, a current ratio of 9.42 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $617.64 million, a price-to-earnings ratio of 172.50 and a beta of 1.16. The stock’s 50-day moving average price is $5.72 and its 200 day moving average price is $5.81.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC upgraded Open Lending from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Open Lending currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.83.

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.