In the last trading session, 1.27 million shares of the Open Lending Corp (NASDAQ:LPRO) were traded, and its beta was 1.49. Most recently the company’s share price was $3.27, and it changed around -$0.03 or -0.91% from the last close, which brings the market valuation of the company to $390.27M. LPRO currently trades at a discount to its 52-week high of $6.97, offering almost -113.15% off that amount. The share price’s 52-week low was $2.95, which indicates that the current value has risen by an impressive 9.79% since then. We note from Open Lending Corp’s average daily trading volume that its 10-day average is 1.23 million shares, with the 3-month average coming to 547.81K.
Open Lending Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 4 recommended LPRO as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Open Lending Corp is expected to report earnings per share of 0.02 for the current quarter.
Open Lending Corp (NASDAQ:LPRO) trade information
Instantly LPRO has showed a red trend with a performance of -0.91% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.70 on recent trading dayincreased the stock’s daily price by 11.62%. The company’s shares are currently down -45.23% year-to-date, but still down -6.17% over the last five days. On the other hand, Open Lending Corp (NASDAQ:LPRO) is -36.01% down in the 30-day period. We can see from the shorts that 3.14 million shares have been sold at a short interest cover period of 6.73 day(s).
The consensus price target as assigned by Wall Street analysts is $7.5, which translates to bulls needing to increase their stock price by 56.4% from its current value. Analyst projections state that LPRO is forecast to be at a low of $7 and a high of $38.
Open Lending Corp (LPRO) estimates and forecasts
The year-over-year growth rate is expected to be -10.89%, down from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 23.65M in revenue for the current quarter. 8 analysts expect Open Lending Corp to make 26.74M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 14.94M and 30.75M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 58.31%. Forecasts for the next quarter put sales growth at -13.02%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 18.40%.
LPRO Dividends
Open Lending Corp’s next quarterly earnings report is expected to be released on 2025-Mar-30.
Open Lending Corp (NASDAQ:LPRO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.77% of Open Lending Corp shares, and 83.58% of them are in the hands of institutional investors. The stock currently has a share float of 85.96%. Open Lending Corp stock is held by 187.0 institutions, with WASATCH ADVISORS LP being the largest institutional investor. By 2024-06-30, it held 13.7642% of the shares, which is about 16.41 million shares worth $91.56 million.
PRICE T ROWE ASSOCIATES INC /MD/, with 9.0373% or 10.75 million shares worth $59.97 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
T. Rowe Price Mid-Cap Value Fund, Inc. and Wasatch Core Growth Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 7.27 shares worth $23.79 million, making up 6.10% of all outstanding shares. On the other hand, Wasatch Core Growth Fund held roughly 4.11 shares worth around $13.44 million, which represents about 3.44% of the total shares outstanding.
