Open Lending Corp (NASDAQ:LPRO)’s traded shares stood at 1.64 million during the last session, with the company’s beta value hitting 1.48. At the close of trading, the stock’s price was $3.08, to imply a decrease of -13.87% or -$0.49 in intraday trading. The LPRO share’s 52-week high remains $7.49, putting it -143.18% down since that peak but still an impressive -2.27% since price per share fell to its 52-week low of $3.15. The company has a valuation of $367.00M, with an average of 1.03 million shares in intraday trading volume over the past 10 days and average of 489.86K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Open Lending Corp (LPRO), translating to a mean rating of 2.00. Of 7 analyst(s) looking at the stock, 0 analyst(s) give LPRO a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.02.
Open Lending Corp (NASDAQ:LPRO) trade information
After registering a -13.87% downside in the last session, Open Lending Corp (LPRO) has traded red over the past five days. The 5-day price performance for the stock is -27.82%, and -44.39% over 30 days. With these gigs, the year-to-date price performance is -48.49%. Short interest in Open Lending Corp (NASDAQ:LPRO) saw shorts transact 3.14 million shares and set a 6.73 days time to cover.
The extremes give us $7 and $38 for target low and target high price respectively. As such, LPRO has been trading -1133.77% off suggested target high and -127.27% from its likely low.
Open Lending Corp (LPRO) estimates and forecasts
The rating firms project that company’s revenue will shrink -10.89% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 23.65M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 26.74M.Earnings reports from the last fiscal year show that sales brought in 14.94M and 30.75M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 58.31% before dropping -13.02% in the following quarter.
LPRO Dividends
Open Lending Corp has its next earnings report out on 2025-Mar-30. 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 Corp (NASDAQ:LPRO)’s Major holders
Open Lending Corp insiders hold 2.69% of total outstanding shares, with institutional holders owning 83.58% of the shares at 85.89% float percentage. In total, 83.58% institutions holds shares in the company, led by WASATCH ADVISORS LP. As of 2024-06-30, the company held over 16.41 million shares (or 13.7642% of shares), all amounting to roughly $91.56 million.
The next major institution holding the largest number of shares is PRICE T ROWE ASSOCIATES INC /MD/ with 10.75 million shares, or about 9.0373% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $59.97 million.
We also have T. Rowe Price Mid-Cap Value Fund, Inc. and Wasatch Core Growth Fund as the top two Mutual Funds with the largest holdings of the Open Lending Corp (LPRO) shares. Going by data provided on Dec 31, 2024 , T. Rowe Price Mid-Cap Value Fund, Inc. holds roughly 7.27 shares. This is just over 6.10% of the total shares, with a market valuation of $22.37 million. Data from the same date shows that the other fund manager holds a little less at 4.11, or 3.44% of the shares, all valued at about 12.63 million.
