American Century Companies Inc. Has $1.28 Million Holdings in Open Lending Co. (NASDAQ:LPRO)

American Century Companies Inc. decreased its holdings in shares of Open Lending Co. (NASDAQ:LPRO) by 33.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 228,468 shares of the company’s stock after selling 114,022 shares during the quarter. American Century Companies Inc. owned about 0.19% of Open Lending worth $1,275,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LPRO. Wasatch Advisors LP lifted its stake in Open Lending by 3.5% in the first quarter. Wasatch Advisors LP now owns 16,094,115 shares of the company’s stock valued at $100,749,000 after buying an additional 546,166 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Open Lending by 0.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,756,601 shares of the company’s stock valued at $67,337,000 after acquiring an additional 51,276 shares during the period. Working Capital Advisors UK Ltd. boosted its stake in Open Lending by 10.2% during the 4th quarter. Working Capital Advisors UK Ltd. now owns 7,088,535 shares of the company’s stock worth $60,323,000 after acquiring an additional 658,240 shares during the last quarter. Cannell Capital LLC grew its holdings in Open Lending by 55.4% during the fourth quarter. Cannell Capital LLC now owns 2,646,831 shares of the company’s stock valued at $22,525,000 after purchasing an additional 943,429 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Open Lending by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 776,264 shares of the company’s stock valued at $6,606,000 after purchasing an additional 9,957 shares in the last quarter. 78.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. BTIG Research initiated coverage on shares of Open Lending in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Needham & Company LLC lowered Open Lending from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Morgan Stanley lowered their price target on Open Lending from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. JMP Securities cut their price objective on Open Lending from $8.00 to $7.00 and set a “market outperform” rating on the stock in a report on Friday, August 9th. Finally, DA Davidson decreased their price objective on Open Lending from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Open Lending presently has an average rating of “Hold” and an average target price of $6.56.

Open Lending Stock Down 4.8 %

Shares of Open Lending stock opened at $6.12 on Tuesday. Open Lending Co. has a 52-week low of $4.57 and a 52-week high of $8.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 13.32 and a current ratio of 13.32. The business’s 50 day simple moving average is $5.72 and its 200 day simple moving average is $5.83. The firm has a market cap of $729.29 million, a PE ratio of 55.64 and a beta of 1.12.

Open Lending (NASDAQ:LPRO) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). Open Lending had a return on equity of 2.90% and a net margin of 6.25%. The business had revenue of $26.73 million during the quarter, compared to the consensus estimate of $31.03 million. During the same period in the prior year, the firm earned $0.09 EPS. The business’s revenue for the quarter was down 29.9% compared to the same quarter last year. On average, analysts predict that Open Lending Co. will post 0.18 earnings per share for the current fiscal year.

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.