Open Lending (LPRO) Expected to Announce Quarterly Earnings on Tuesday

Open Lending (NASDAQ:LPRO) is expected to be releasing its earnings data before the market opens on Tuesday, February 25th. Analysts expect Open Lending to post earnings of $0.04 per share and revenue of $24.03 million for the quarter.

Open Lending Stock Performance

Shares of Open Lending stock opened at $5.18 on Monday. The company has a quick ratio of 9.42, a current ratio of 9.42 and a debt-to-equity ratio of 0.61. Open Lending has a twelve month low of $4.57 and a twelve month high of $8.14. The stock has a market cap of $617.64 million, a price-to-earnings ratio of 172.50 and a beta of 1.16. The company’s fifty day moving average is $5.72 and its 200 day moving average is $5.81.

Analyst Ratings Changes

Separately, Needham & Company LLC raised shares of Open Lending from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.83.

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.