Open Lending (NASDAQ:LPRO) Rating Lowered to Hold at Jefferies Financial Group

Open Lending (NASDAQ:LPRO) was downgraded by analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They presently have a $3.70 price objective on the stock, down from their previous price objective of $8.00. Jefferies Financial Group’s target price suggests a potential upside of 13.50% from the stock’s current price.

Separately, Needham & Company LLC upgraded shares of Open Lending from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $6.39.

Open Lending Stock Up 5.8 %

LPRO opened at $3.26 on Thursday. 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 stock has a market cap of $389.08 million, a price-to-earnings ratio of 108.67 and a beta of 1.25. Open Lending has a twelve month low of $2.95 and a twelve month high of $7.47. The company’s 50-day moving average price is $5.15 and its two-hundred day moving average price is $5.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Open Lending by 20.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,743 shares of the company’s stock worth $1,210,000 after buying an additional 34,740 shares during the period. ProShare Advisors LLC boosted its holdings in Open Lending by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 28,777 shares of the company’s stock worth $172,000 after buying an additional 9,468 shares during the period. Quantinno Capital Management LP boosted its holdings in Open Lending by 69.2% in the 4th quarter. Quantinno Capital Management LP now owns 18,736 shares of the company’s stock worth $112,000 after buying an additional 7,664 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Open Lending by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 149,098 shares of the company’s stock worth $890,000 after buying an additional 5,264 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Open Lending by 52.2% in the 4th quarter. Deutsche Bank AG now owns 95,160 shares of the company’s stock worth $568,000 after buying an additional 32,634 shares during the period. 78.06% of the stock is owned by institutional investors.

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.