Open Lending Corporation (NASDAQ:LPRO) Receives Consensus Recommendation of “Reduce” from Analysts

Open Lending Corporation (NASDAQ:LPRO) has earned a consensus recommendation of “Reduce” from the five analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $2.7667.

A number of equities research analysts have issued reports on LPRO shares. Wall Street Zen upgraded shares of Open Lending to a “sell” rating in a report on Saturday, August 1st. Northland Securities set a $3.15 price objective on Open Lending in a research report on Wednesday, June 17th. DA Davidson reaffirmed a “neutral” rating and set a $3.15 price objective (up from $3.00) on shares of Open Lending in a research report on Friday, June 26th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Open Lending in a research note on Tuesday, June 9th.

Open Lending Price Performance

Shares of LPRO opened at $3.14 on Thursday. The company’s 50-day simple moving average is $3.13 and its 200-day simple moving average is $2.22. The company has a debt-to-equity ratio of 1.00, a quick ratio of 4.44 and a current ratio of 4.44. Open Lending has a 1 year low of $1.17 and a 1 year high of $3.15. The stock has a market capitalization of $369.50 million, a PE ratio of -78.50 and a beta of 2.19.

Institutional Investors Weigh In On Open Lending

Hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc acquired a new stake in Open Lending in the second quarter valued at approximately $33,000. Pallas Capital Advisors LLC purchased a new stake in shares of Open Lending in the 2nd quarter valued at approximately $35,000. Prudential Financial Inc. acquired a new stake in shares of Open Lending in the 2nd quarter valued at $28,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Open Lending in the 1st quarter valued at $43,000. Finally, AXQ Capital LP purchased a new stake in shares of Open Lending during the 2nd quarter worth $56,000. Institutional investors and hedge funds own 78.06% of the company’s stock.

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.