In the latest trading session, 0.42 million Open Lending Corp (NASDAQ:LPRO) shares changed hands as the company’s beta touched 1.45. With the company’s most recent per share price at $3.28 changed hands at -$0.63 or -16.11% at last look, the market valuation stands at $391.47M. LPRO’s current price is a discount, trading about -128.35% off its 52-week high of $7.49. The share price had its 52-week low at $3.86, which suggests the last value was -17.68% down since then. When we look at Open Lending Corp’s average trading volume, we note the 10-day average is 0.7 million shares, with the 3-month average coming to 442.49K.
Analysts gave the Open Lending Corp (LPRO) stock a consensus recommendation rating of Hold, calculated at a mean rating of 1.71. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended LPRO as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Open Lending Corp’s EPS for the current quarter is expected to be 0.02.
Open Lending Corp (NASDAQ:LPRO) trade information
Instantly LPRO was in red as seen in intraday trades today. With action -27.11%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -45.06%, with the 5-day performance at -27.11% in the red. However, in the 30-day time frame, Open Lending Corp (NASDAQ:LPRO) is -42.66% down. Looking at the short shares, we see there were 3.14 million shares sold at short interest cover period of 6.73 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7.5, meaning bulls need an upside of 56.27% from its recent market value. According to analyst projections, LPRO’s forecast low is 7 with 38 as the target high. To hit the forecast high, the stock’s price needs a -1058.54% plunge from its current level, while the stock would need to soar -113.41% for it to hit the projected low.
Open Lending Corp (LPRO) estimates and forecasts
Year-over-year growth is forecast to reach -10.60% down from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 24.03M. 8 analysts are of the opinion that Open Lending Corp’s revenue for the current quarter will be 27.71M. The company’s revenue for the corresponding quarters a year ago was 14.94M and 30.75M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 60.84%. The estimates for the next quarter sales put growth at -9.86%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 18.40%. The 2025 estimates are for Open Lending Corp earnings to increase by 102.41%.
Open Lending Corp (NASDAQ:LPRO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.69% of Open Lending Corp shares while 83.61% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.92%. There are 83.61% institutions holding the Open Lending Corp stock share, with WASATCH ADVISORS LP the top institutional holder. As of 2024-06-30, the company held 13.7642% of the shares, roughly 16.41 million LPRO shares worth $91.56 million.
PRICE T ROWE ASSOCIATES INC /MD/ holds the second largest percentage of outstanding shares, with 9.0373% or 10.75 million shares worth $59.97 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Price (T.Rowe) Mid-Cap Value Fund and Wasatch Core Growth Fund. With 7.27 shares estimated at $24.41 million under it, the former controlled 6.10% of total outstanding shares. On the other hand, Wasatch Core Growth Fund held about 3.44% of the shares, roughly 4.11 shares worth around $13.78 million.
