Jump Financial LLC Invests $130,000 in Open Lending Corporation $LPRO

Jump Financial LLC acquired a new position in Open Lending Corporation (NASDAQ:LPRO) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 47,247 shares of the company’s stock, valued at approximately $130,000.

Other large investors have also recently made changes to their positions in the company. Summit Securities Group LLC acquired a new position in shares of Open Lending in the 1st quarter worth approximately $32,000. Teacher Retirement System of Texas acquired a new position in shares of Open Lending in the 1st quarter worth approximately $41,000. Aigen Investment Management LP acquired a new position in shares of Open Lending in the 1st quarter worth approximately $60,000. Harrell Investment Partners LLC acquired a new position in shares of Open Lending in the 1st quarter worth approximately $62,000. Finally, XTX Topco Ltd acquired a new position in shares of Open Lending in the 1st quarter worth approximately $76,000. 78.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on LPRO. Needham & Company LLC upped their price objective on shares of Open Lending from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Friday, May 9th. Raymond James Financial reiterated an “outperform” rating and set a $2.80 target price (up from $2.50) on shares of Open Lending in a report on Thursday, August 7th. Finally, Stephens began coverage on shares of Open Lending in a report on Thursday, June 12th. They set an “equal weight” rating and a $2.50 target price on the stock. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Open Lending currently has a consensus rating of “Moderate Buy” and an average target price of $3.10.

Open Lending Price Performance

Shares of LPRO opened at $2.26 on Friday. Open Lending Corporation has a twelve month low of $0.70 and a twelve month high of $6.92. The firm’s fifty day simple moving average is $2.26 and its 200-day simple moving average is $2.34. The firm has a market capitalization of $267.06 million, a price-to-earnings ratio of -1.92 and a beta of 1.83. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 1.63.

Open Lending (NASDAQ:LPRO) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $25.31 million for the quarter, compared to analyst estimates of $23.63 million. Equities analysts forecast that Open Lending Corporation will post 0.1 EPS for the current fiscal year.

Open Lending 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.