Cannell Capital LLC reduced its stake in shares of Open Lending Corporation (NASDAQ:LPRO – Free Report) by 27.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,619,093 shares of the company’s stock after selling 977,397 shares during the quarter. Cannell Capital LLC’s holdings in Open Lending were worth $5,526,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Portolan Capital Management LLC acquired a new position in Open Lending in the 3rd quarter valued at approximately $7,752,000. XTX Topco Ltd boosted its stake in shares of Open Lending by 3,047.8% during the 2nd quarter. XTX Topco Ltd now owns 872,445 shares of the company’s stock valued at $1,693,000 after buying an additional 844,729 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Open Lending by 1,577.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 848,424 shares of the company’s stock valued at $1,646,000 after acquiring an additional 797,852 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Open Lending by 2,751.6% during the 1st quarter. Jane Street Group LLC now owns 430,391 shares of the company’s stock valued at $1,188,000 after acquiring an additional 415,298 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Open Lending by 151.2% in the second quarter. Bank of America Corp DE now owns 632,992 shares of the company’s stock worth $1,228,000 after acquiring an additional 380,958 shares during the last quarter. 78.06% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting Open Lending
Here are the key news stories impacting Open Lending this week:
- Positive Sentiment: Management emphasized strategic expansions, new platform launches and cost/efficiency initiatives on the Q4 earnings call, framing these as drivers of longer‑term growth and margin improvement. Read More.
- Neutral Sentiment: Company set 2026 operational targets of roughly 100,000–110,000 certified loans and said it will tighten underwriting standards while rolling out new platform capabilities — a tradeoff that may compress near‑term volume but could improve loan quality and lifetime economics. Read More.
- Neutral Sentiment: Full earnings release and the call transcript provide detail on product roadmaps and commercial initiatives; investors should review the call slides and transcript for cadence on customer wins and timing of platform rollouts. Read More.
- Negative Sentiment: Reported Q4 EPS of $0.01 and revenue of $19.35M, missing consensus estimates (EPS ~$0.02, revenue ~$21.9M). The misses and softer top line are the primary negative drivers for near‑term sentiment. Read More.
Open Lending Price Performance
Open Lending (NASDAQ:LPRO – Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $19.35 million for the quarter, compared to analyst estimates of $21.92 million. Open Lending had a positive return on equity of 8.76% and a negative net margin of 4.54%. As a group, equities analysts predict that Open Lending Corporation will post 0.1 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
LPRO has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Open Lending in a report on Thursday, January 22nd. DA Davidson set a $4.00 target price on Open Lending in a research note on Friday. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $2.92.
Read Our Latest Stock Report on Open Lending
About Open Lending
Open Lending Corporation is a financial technology company specializing in risk analytics and automated loan decisioning for the automotive finance industry. Through its proprietary platform, Open Lending enables banks, credit unions and finance companies to enhance underwriting accuracy, manage risk more effectively and streamline the loan origination process. The company’s solutions leverage machine learning and big-data analytics to deliver credit-based pricing models that help lenders optimize portfolio performance and reduce losses.
The core offerings of Open Lending include an automated underwriting engine, risk-based pricing tools and performance analytics dashboards.
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