Open Lending Co. (NASDAQ:LPRO) Given Average Rating of “Hold” by Analysts

Open Lending Co. (NASDAQ:LPRO) has received a consensus rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $6.83.

Separately, Needham & Company LLC reissued a “hold” rating on shares of Open Lending in a report on Wednesday, October 2nd.

Institutional Investors Weigh In On Open Lending

Several hedge funds and other institutional investors have recently made changes to their positions in LPRO. Cubist Systematic Strategies LLC bought a new position in Open Lending in the second quarter valued at about $33,000. Blue Trust Inc. lifted its position in 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 purchasing an additional 7,093 shares during the period. Quantinno Capital Management LP bought a new position in shares of Open Lending in the 3rd quarter valued at about $68,000. SlateStone Wealth LLC acquired a new stake in shares of Open Lending during the 2nd quarter worth approximately $70,000. Finally, Intech Investment Management LLC bought a new stake in shares of Open Lending during the third quarter worth approximately $91,000. 78.06% of the stock is owned by institutional investors and hedge funds.

Open Lending Stock Up 2.4 %

Open Lending stock opened at $5.86 on Friday. The firm has a market cap of $699.39 million, a price-to-earnings ratio of 195.33, a P/E/G ratio of 2.46 and a beta of 1.16. The firm has a fifty day moving average price of $6.04 and a two-hundred day moving average price of $5.88. Open Lending has a fifty-two week low of $4.57 and a fifty-two week high of $8.70. The company has a debt-to-equity ratio of 0.61, a current ratio of 9.42 and a quick ratio of 9.42.

About Open Lending

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.