JPMorgan Chase & Co. Has $6.21 Million Stock Holdings in Open Lending Co. (NASDAQ:LPRO)

JPMorgan Chase & Co. reduced its position in shares of Open Lending Co. (NASDAQ:LPRO) by 26.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,014,162 shares of the company’s stock after selling 358,486 shares during the period. JPMorgan Chase & Co. owned approximately 0.85% of Open Lending worth $6,207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LPRO. EVR Research LP acquired a new position in shares of Open Lending during the 2nd quarter worth $2,758,000. Royce & Associates LP grew its position in Open Lending by 152.1% in the third quarter. Royce & Associates LP now owns 481,640 shares of the company’s stock valued at $2,948,000 after acquiring an additional 290,602 shares during the last quarter. Wasatch Advisors LP raised its stake in Open Lending by 1.4% during the third 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. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Open Lending in the third quarter worth about $1,153,000. Finally, Main Management ETF Advisors LLC bought a new position in shares of Open Lending in the third quarter worth about $845,000. 78.06% of the stock is currently owned by institutional investors.

Open Lending Stock Performance

NASDAQ:LPRO opened at $5.28 on Thursday. The stock’s 50-day moving average is $6.03 and its 200-day moving average is $5.85. The stock has a market cap of $630.17 million, a P/E ratio of 176.00, a price-to-earnings-growth ratio of 2.46 and a beta of 1.16. Open Lending Co. has a 1-year low of $4.57 and a 1-year high of $8.43. The company has a current ratio of 9.42, a quick ratio of 9.42 and a debt-to-equity ratio of 0.61.

Analysts Set New Price Targets

Separately, Needham & Company LLC reiterated a “hold” rating on shares of Open Lending in a research report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.83.

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.