Charles Schwab Investment Management Inc. Sells 89,516 Shares of Open Lending Co. (NASDAQ:LPRO)

Charles Schwab Investment Management Inc. decreased its stake in Open Lending Co. (NASDAQ:LPRO) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 752,397 shares of the company’s stock after selling 89,516 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.63% of Open Lending worth $4,492,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wasatch Advisors LP increased its holdings in Open Lending by 1.4% in the 3rd quarter. Wasatch Advisors LP now owns 16,630,780 shares of the company’s stock worth $101,780,000 after acquiring an additional 222,969 shares in the last quarter. Main Management ETF Advisors LLC purchased a new stake in shares of Open Lending in the third quarter worth $845,000. Barclays PLC raised its position in shares of Open Lending by 363.5% during the 3rd quarter. Barclays PLC now owns 169,024 shares of the company’s stock valued at $1,034,000 after purchasing an additional 132,561 shares during the period. Geode Capital Management LLC lifted its stake in shares of Open Lending by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,365,266 shares of the company’s stock valued at $14,478,000 after buying an additional 68,721 shares in the last quarter. Finally, State Street Corp boosted its holdings in Open Lending by 2.6% in the 3rd quarter. State Street Corp now owns 2,545,783 shares of the company’s stock worth $15,580,000 after buying an additional 63,450 shares during the period. Institutional investors own 78.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LPRO shares. Jefferies Financial Group downgraded Open Lending from a “buy” rating to a “hold” rating and lowered their price objective for the company from $8.00 to $3.70 in a research report on Thursday, March 20th. Needham & Company LLC upgraded Open Lending from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $6.39.

Open Lending Price Performance

NASDAQ:LPRO opened at $3.27 on Wednesday. The company has a market capitalization of $390.27 million, a P/E ratio of 109.00 and a beta of 1.25. The business’s 50-day moving average is $5.08 and its 200 day moving average is $5.62. The company has a current ratio of 9.42, a quick ratio of 9.42 and a debt-to-equity ratio of 0.61. Open Lending Co. has a 12 month low of $2.95 and a 12 month high of $6.97.

Open Lending 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.