Northland Capmk Predicts Weaker Earnings for Open Lending

Open Lending Co. (NASDAQ:LPRO) – Analysts at Northland Capmk lowered their FY2025 earnings per share (EPS) estimates for Open Lending in a note issued to investors on Tuesday, April 1st. Northland Capmk analyst M. Grondahl now expects that the company will earn $0.09 per share for the year, down from their previous estimate of $0.26. The consensus estimate for Open Lending’s current full-year earnings is $0.10 per share. Northland Capmk also issued estimates for Open Lending’s FY2025 earnings at $0.09 EPS.

Open Lending (NASDAQ:LPRO) last issued its quarterly earnings results on Monday, March 31st. The company reported ($1.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($1.23). Open Lending had a net margin of 4.78% and a return on equity of 2.15%. The company had revenue of $24.23 million during the quarter, compared to the consensus estimate of $24.03 million. During the same period last year, the company earned ($0.04) earnings per share.

A number of other research analysts have also commented on LPRO. Jefferies Financial Group lowered Open Lending from a “buy” rating to a “hold” rating and cut their target price for the company from $8.00 to $3.70 in a research note on Thursday, March 20th. Needham & Company LLC dropped their price objective on shares of Open Lending from $7.00 to $2.00 and set a “buy” rating for the company in a research note on Wednesday. Citizens Jmp assumed coverage on shares of Open Lending in a research report on Friday. They set a “market perform” rating on the stock. Finally, DA Davidson dropped their price target on shares of Open Lending from $8.00 to $4.00 and set a “buy” rating for the company in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $4.62.

Open Lending Trading Down 15.0 %

Shares of LPRO opened at $1.02 on Friday. The stock’s 50-day moving average price is $4.58 and its 200 day moving average price is $5.42. The company has a quick ratio of 9.42, a current ratio of 9.42 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $121.74 million, a price-to-earnings ratio of 34.00 and a beta of 1.57. Open Lending has a 12-month low of $1.02 and a 12-month high of $6.97.

Institutional Trading of Open Lending

Several hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Open Lending by 20.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,743 shares of the company’s stock valued at $1,210,000 after purchasing an additional 34,740 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Open Lending by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 28,777 shares of the company’s stock worth $172,000 after purchasing an additional 9,468 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Open Lending by 69.2% in the fourth quarter. Quantinno Capital Management LP now owns 18,736 shares of the company’s stock valued at $112,000 after buying an additional 7,664 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Open Lending by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 149,098 shares of the company’s stock valued at $890,000 after buying an additional 5,264 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Open Lending by 52.2% during the 4th quarter. Deutsche Bank AG now owns 95,160 shares of the company’s stock worth $568,000 after buying an additional 32,634 shares in the last quarter. Institutional investors and hedge funds own 78.06% of the company’s stock.

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.