Analysts Set Open Lending Co. (NASDAQ:LPRO) Price Target at $6.83

Open Lending Co. (NASDAQ:LPRO) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $6.39.

A number of research analysts have recently weighed in on LPRO shares. Jefferies Financial Group cut shares of Open Lending from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $8.00 to $3.70 in a research note on Thursday. Needham & Company LLC raised Open Lending from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research report on Wednesday, January 29th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LPRO. R Squared Ltd acquired a new stake in shares of Open Lending during the fourth quarter worth $25,000. Quantbot Technologies LP purchased a new position in Open Lending during the fourth quarter worth about $54,000. Quantinno Capital Management LP acquired a new stake in Open Lending in the 3rd quarter worth about $68,000. Ameriprise Financial Inc. purchased a new stake in Open Lending in the 4th quarter valued at about $80,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Open Lending during the 4th quarter valued at about $87,000. 78.06% of the stock is currently owned by institutional investors and hedge funds.

Open Lending Stock Performance

NASDAQ:LPRO opened at $3.26 on Thursday. The company has a current ratio of 9.42, a quick ratio of 9.42 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $389.08 million, a P/E ratio of 108.67 and a beta of 1.25. The firm has a 50-day moving average price of $5.15 and a two-hundred day moving average price of $5.65. Open Lending has a twelve month low of $2.95 and a twelve month high of $6.97.

Open Lending Company Profile

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.