B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Open Lending Co. (NASDAQ:LPRO) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 59,228 shares of the company’s stock, valued at approximately $1,988,000.
Several other large investors have also recently made changes to their positions in the business. D.A. Davidson & CO. increased its position in shares of Open Lending by 6.6% in the 4th quarter. D.A. Davidson & CO. now owns 38,927 shares of the company’s stock valued at $1,361,000 after purchasing an additional 2,409 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Open Lending in the 4th quarter valued at approximately $91,000. Anchor Capital Advisors LLC increased its position in shares of Open Lending by 9.1% in the 4th quarter. Anchor Capital Advisors LLC now owns 72,428 shares of the company’s stock valued at $2,532,000 after purchasing an additional 6,055 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Open Lending in the 4th quarter valued at approximately $216,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Open Lending in the 4th quarter valued at approximately $241,000. 33.48% of the stock is currently owned by institutional investors.
LPRO has been the subject of several research analyst reports. Needham & Company LLC initiated coverage on shares of Open Lending in a report on Wednesday, February 10th. They issued a “buy” rating and a $50.00 target price for the company. Northland Securities upped their target price on shares of Open Lending from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, March 10th. William Blair initiated coverage on shares of Open Lending in a report on Wednesday, March 10th. They issued an “outperform” rating for the company. Raymond James upped their target price on shares of Open Lending from $55.00 to $58.00 and gave the company a “strong-buy” rating in a report on Tuesday, March 16th. Finally, DA Davidson upped their target price on shares of Open Lending from $31.00 to $45.00 in a report on Wednesday, January 20th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Open Lending has a consensus rating of “Buy” and a consensus target price of $41.42.
Open Lending (NASDAQ:LPRO) last released its earnings results on Monday, March 8th. The company reported $0.12 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. The firm had revenue of $39.63 million during the quarter, compared to analyst estimates of $34.03 million. During the same quarter last year, the business posted ($1.19) EPS. The firm’s revenue was up 52.0% on a year-over-year basis. On average, research analysts forecast that Open Lending Co. will post 0.34 EPS for the current fiscal year.
About Open Lending
Open Lending Corporation provides lending enablement and risk analytics solutions to financial institutions in the United States. The company, through its flagship product, Lenders Protection, offers loan analytics, risk-based pricing, risk modeling, and default insurance, ensuring profitable auto loan portfolios for financial institutions.
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