Open Lending Corporation (NASDAQ:LPRO)’s traded shares stood at 1.35 million during the last session, with the company’s beta value hitting 0.78. At the close of trading, the stock’s price was $6.66, to imply a decrease of -2.63% or -$0.18 in intraday trading. The LPRO share’s 52-week high remains $20.72, putting it -211.11% down since that peak but still an impressive 19.67% since price per share fell to its 52-week low of $5.35. The company has a valuation of $843.82M, with an average of 1.16 million shares in intraday trading volume over the past 10 days and average of 910.77K shares over the past 3 months.
Open Lending Corporation (NASDAQ:LPRO) trade information
After registering a -2.63% downside in the last session, Open Lending Corporation (LPRO) has traded red over the past five days. The stock hit a weekly high of 6.94 this Friday, 03/17/23, dropping -2.63% in its intraday price action. The 5-day price performance for the stock is 1.37%, and -29.82% over 30 days. With these gigs, the year-to-date price performance is -1.33%. Short interest in Open Lending Corporation (NASDAQ:LPRO) saw shorts transact 7.68 million shares and set a 11.62 days time to cover.
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Open Lending Corporation (LPRO) estimates and forecasts
Looking at statistics comparing Open Lending Corporation share performance against respective industry, we note that the company has underperformed competitors. Open Lending Corporation (LPRO) shares are -31.48% down over the last 6 months, with its year-to-date growth rate lower than industry average at -39.62% against -12.90%. Revenue is forecast to shrink -56.50% this quarter before falling -33.30% for the next one. The rating firms project that company’s revenue will shrink -13.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is $34.51 million. Meanwhile, for the quarter ending Mar 2023, a total of 10 analyst(s) estimate revenue growth to $37.96 million.Earnings reports from the last fiscal year show that sales brought in $51.63 million and $50.07 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -33.20% before dropping -24.20% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 252.00% for the past 5-year period. While 2023 is set for a -54.30% return in earnings, projections for the next 5 years are at -2.28% annually.
Open Lending Corporation has its next earnings report out between May 03 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Open Lending Corporation has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Open Lending Corporation (NASDAQ:LPRO)’s Major holders
Open Lending Corporation insiders hold 5.42% of total outstanding shares, with institutional holders owning 92.74% of the shares at 98.06% float percentage. In total, 92.74% institutions holds shares in the company, led by Wasatch Advisors Inc. As of Sep 29, 2022, the company held over 17.15 million shares (or 13.58% of shares), all amounting to roughly $137.88 million.
The next major institution holding the largest number of shares is Price (T.Rowe) Associates Inc with 10.92 million shares, or about 8.65% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $87.81 million.
We also have Price (T.Rowe) Mid-Cap Value Fund and Price (T.Rowe) Mid-Cap Value Equity Trust as the top two Mutual Funds with the largest holdings of the Open Lending Corporation (LPRO) shares. Going by data provided on Sep 29, 2022, Price (T.Rowe) Mid-Cap Value Fund holds roughly 6.66 million shares. This is just over 5.28% of the total shares, with a market valuation of $53.57 million. Data from the same date shows that the other fund manager holds a little less at 3.0 million, or 2.37% of the shares, all valued at about 24.1 million.