Open Lending Co. (NASDAQ:LPRO) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Open Lending Co. (NASDAQ:LPRO) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $6.83.

Separately, Needham & Company LLC raised Open Lending from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Wednesday, January 29th.

Open Lending Trading Down 1.0 %

Shares of LPRO stock opened at $4.88 on Friday. The stock’s fifty day moving average price is $5.62 and its two-hundred day moving average price is $5.80. The company has a market cap of $582.43 million, a PE ratio of 162.67 and a beta of 1.16. Open Lending has a fifty-two week low of $4.57 and a fifty-two week high of $7.49. The company has a debt-to-equity ratio of 0.61, a quick ratio of 9.42 and a current ratio of 9.42.

Institutional Investors Weigh In On Open Lending

Several hedge funds have recently modified their holdings of LPRO. R Squared Ltd acquired a new stake in shares of Open Lending during the 4th quarter valued at $25,000. Quantbot Technologies LP acquired a new stake in shares of Open Lending during the 4th quarter valued at $54,000. Blue Trust Inc. boosted its holdings in shares of Open Lending by 208.2% during the 3rd quarter. Blue Trust Inc. now owns 10,500 shares of the company’s stock valued at $59,000 after acquiring an additional 7,093 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Open Lending during the 3rd quarter valued at $68,000. Finally, Ameriprise Financial Inc. bought a new position in Open Lending during the 4th quarter worth $80,000. Institutional investors and hedge funds own 78.06% of the company’s stock.

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.