Blue Trust Inc. Has $59,000 Holdings in Open Lending Co. (NASDAQ:LPRO)

Blue Trust Inc. grew its holdings in Open Lending Co. (NASDAQ:LPRO) by 208.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,500 shares of the company’s stock after purchasing an additional 7,093 shares during the quarter. Blue Trust Inc.’s holdings in Open Lending were worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new position in shares of Open Lending during the second quarter valued at about $33,000. SlateStone Wealth LLC acquired a new position in Open Lending during the 2nd quarter worth approximately $70,000. QRG Capital Management Inc. boosted its holdings in Open Lending by 24.0% in the second quarter. QRG Capital Management Inc. now owns 14,587 shares of the company’s stock worth $81,000 after acquiring an additional 2,824 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Open Lending in the second quarter valued at approximately $110,000. Finally, SkyView Investment Advisors LLC increased its holdings in shares of Open Lending by 100.0% during the second quarter. SkyView Investment Advisors LLC now owns 20,000 shares of the company’s stock valued at $112,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.

Open Lending Trading Up 2.0 %

NASDAQ:LPRO opened at $5.60 on Friday. Open Lending Co. has a 52 week low of $4.57 and a 52 week high of $8.70. The firm has a 50-day moving average price of $5.73 and a two-hundred day moving average price of $5.76. The firm has a market cap of $667.82 million, a price-to-earnings ratio of 50.91 and a beta of 1.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 13.32 and a current ratio of 13.32.

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

Analysts Set New Price Targets

Several analysts recently issued reports on LPRO shares. Morgan Stanley reduced their price target on shares of Open Lending from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. DA Davidson reduced their price objective on shares of Open Lending from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday, August 12th. JMP Securities lowered their target price on shares of 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, Needham & Company LLC reiterated a “hold” rating on shares of Open Lending in a research note on Wednesday, October 2nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.56.

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.