9,057 Shares in Open Lending Co. (NASDAQ:LPRO) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in Open Lending Co. (NASDAQ:LPRO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,057 shares of the company’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in shares of Open Lending in the 4th quarter valued at approximately $25,000. Quantinno Capital Management LP purchased a new position in Open Lending in the third quarter worth $68,000. Intech Investment Management LLC acquired a new stake in Open Lending in the third quarter valued at $91,000. Proficio Capital Partners LLC purchased a new stake in shares of Open Lending during the 4th quarter worth $95,000. Finally, Centiva Capital LP acquired a new position in shares of Open Lending during the 3rd quarter worth $157,000. Institutional investors and hedge funds own 78.06% of the company’s stock.

Open Lending Stock Down 57.6 %

Shares of NASDAQ LPRO opened at $1.17 on Wednesday. The firm’s 50-day moving average is $4.82 and its two-hundred day moving average is $5.52. The company has a market capitalization of $139.64 million, a PE ratio of 39.00 and a beta of 1.25. Open Lending Co. has a 12-month low of $1.15 and a 12-month high of $6.97. 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 (NASDAQ:LPRO) last issued its quarterly earnings data on Monday, March 31st. The company reported ($1.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($1.23). The company had revenue of $24.23 million for the quarter, compared to analyst estimates of $24.03 million. Open Lending had a return on equity of 2.15% and a net margin of 4.78%. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. Equities analysts anticipate that Open Lending Co. will post 0.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Needham & Company LLC raised shares of Open Lending from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a report on Wednesday, January 29th. Jefferies Financial Group lowered Open Lending from a “buy” rating to a “hold” rating and decreased their price target for the stock from $8.00 to $3.70 in a research note on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Open Lending currently has an average rating of “Hold” and an average price target of $6.12.

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.