Wall Street Zen Upgrades Open Lending (NASDAQ:LPRO) to Sell

Open Lending (NASDAQ:LPRO) was upgraded by investment analysts at Wall Street Zen to a “sell” rating in a research note issued on Saturday.

A number of other research analysts also recently issued reports on LPRO. Northland Securities set a $3.15 price target on Open Lending in a report on Wednesday, June 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Open Lending in a report on Tuesday, June 9th. Finally, DA Davidson reiterated a “neutral” rating and issued a $3.15 price objective (up from $3.00) on shares of Open Lending in a research report on Friday, June 26th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Open Lending currently has a consensus rating of “Hold” and an average target price of $2.77.

Open Lending Stock Performance

Shares of LPRO opened at $3.14 on Friday. The stock has a market capitalization of $369.50 million, a P/E ratio of -78.50 and a beta of 2.19. Open Lending has a twelve month low of $1.17 and a twelve month high of $3.15. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 1.00. The firm has a fifty day simple moving average of $2.83 and a two-hundred day simple moving average of $2.04.

Open Lending (NASDAQ:LPRO) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.01). The firm had revenue of $20.49 million during the quarter, compared to analysts’ expectations of $20.41 million. Open Lending had a negative net margin of 5.95% and a positive return on equity of 7.53%. On average, research analysts anticipate that Open Lending will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Open Lending

A number of large investors have recently modified their holdings of LPRO. D.A. Davidson & CO. purchased a new position in shares of Open Lending during the fourth quarter valued at about $28,000. Prudential Financial Inc. purchased a new stake in Open Lending in the second quarter worth about $28,000. Dynamic Technology Lab Private Ltd purchased a new stake in Open Lending in the first quarter worth about $43,000. Cerity Partners LLC bought a new stake in Open Lending during the 2nd quarter valued at approximately $44,000. Finally, R Squared Ltd boosted its position in Open Lending by 32.7% during the 4th quarter. R Squared Ltd now owns 28,590 shares of the company’s stock valued at $44,000 after acquiring an additional 7,047 shares in the last quarter. Institutional investors 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.