Open Lending Corporation $LPRO Shares Bought by Whetstone Capital Advisors LLC

Whetstone Capital Advisors LLC grew its holdings in shares of Open Lending Corporation (NASDAQ:LPRO) by 34.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,014,667 shares of the company’s stock after acquiring an additional 1,525,926 shares during the quarter. Open Lending comprises approximately 2.9% of Whetstone Capital Advisors LLC’s holdings, making the stock its 9th largest position. Whetstone Capital Advisors LLC owned approximately 5.09% of Open Lending worth $9,323,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in LPRO. Prudential Financial Inc. acquired a new position in Open Lending during the 2nd quarter worth $28,000. D.A. Davidson & CO. acquired a new position in Open Lending during the 4th quarter worth $28,000. Dynamic Technology Lab Private Ltd acquired a new position in Open Lending during the 1st quarter worth $43,000. Cerity Partners LLC acquired a new position in Open Lending during the 2nd quarter worth $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 worth $44,000 after acquiring an additional 7,047 shares during the period. Institutional investors and hedge funds own 78.06% of the company’s stock.

Open Lending Stock Performance

Shares of Open Lending stock opened at $2.18 on Monday. 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 market cap of $256.54 million, a price-to-earnings ratio of -54.50 and a beta of 2.28. The business has a fifty day simple moving average of $1.84 and a 200-day simple moving average of $1.70. Open Lending Corporation has a fifty-two week low of $1.17 and a fifty-two week high of $2.70.

Open Lending (NASDAQ:LPRO) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.01). The firm had revenue of $20.49 million during the quarter, compared to analyst estimates 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, equities analysts forecast that Open Lending Corporation will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LPRO shares. DA Davidson reduced their price target on Open Lending from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Canaccord Genuity Group restated a “hold” rating and issued a $2.00 price objective on shares of Open Lending in a report on Tuesday, March 17th. Weiss Ratings restated a “sell (e+)” rating on shares of Open Lending in a report on Tuesday, June 9th. Finally, Wall Street Zen lowered Open Lending from a “hold” rating to a “sell” rating in a report on Sunday. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $2.60.

Open Lending Profile

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.