Open Lending Corp (NASDAQ:LPRO) has a beta value of 1.57 and has seen 8.14 million shares traded in the recent trading session. The company, currently valued at $189.17M, closed the recent trade at $1.59 per share which meant it lost -$1.17 on the day or -42.57% during that session. The LPRO stock price is -338.36% off its 52-week high price of $6.97 and -69.81% below the 52-week low of $2.70. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.7 million shares traded. The 3-month trading volume is 668.48K shares.
The consensus among analysts is that Open Lending Corp (LPRO) is Hold stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 7 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.04.
Open Lending Corp (NASDAQ:LPRO) trade information
Sporting -42.57% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LPRO stock price touched $1.59 or saw a rise of 51.96%. Year-to-date, Open Lending Corp shares have moved -73.45%, while the 5-day performance has seen it change -51.53%. Over the past 30 days, the shares of Open Lending Corp (NASDAQ:LPRO) have changed -65.39%. Short interest in the company has seen 3.25 million shares shorted with days to cover at 6.09.
Wall Street analysts have a consensus price target for the stock at $7.5, which means that the shares’ value could jump 78.8% from the levels at last check today. The projected low price target is $7.0 while the price target rests at a high of $38.0. In that case, then, we find that the latest price level in today’s session is -2289.94% off the targeted high while a plunge would see the stock gain -340.25% from the levels at last check today.
Open Lending Corp (LPRO) estimates and forecasts
The company’s shares have lost -75.35% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 391.18%.
7 analysts offering their estimates for the company have set an average revenue estimate of 26.88M for the current quarter. 7 have an estimated revenue figure of 29.52M for the next ending quarter. Year-ago sales stood 30.75M and 26.73M respectively for this quarter and the next, and analysts expect sales will shrink by -12.58% for the current quarter and 391.18% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 17.56% over the past 5 years.
LPRO Dividends
Open Lending Corp is expected to release its next earnings report on 2025-Mar-30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Open Lending Corp (NASDAQ:LPRO)’s Major holders
Insiders own 2.77% of the company shares, while shares held by institutions stand at 83.55% with a share float percentage of 85.93%. Investors are also buoyed by the number of investors in a company, with Open Lending Corp having a total of 186.0 institutions that hold shares in the company. The top two institutional holders are WASATCH ADVISORS LP with over 16.41 million shares worth more than $91.56 million. As of 2024-06-30, WASATCH ADVISORS LP held 13.7642% of shares outstanding.
The other major institutional holder is PRICE T ROWE ASSOCIATES INC /MD/, with the holding of over 10.75 million shares as of 2024-06-30. The firm’s total holdings are worth over $59.97 million and represent 9.0373% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are T. Rowe Price Mid-Cap Value Fund, Inc. and WASATCH FUNDS TRUST-Wasatch Core Growth Fund. As of Dec 31, 2024, the former fund manager holds about 6.10% shares in the company for having 7.27 shares of worth $11.28 million while later fund manager owns 4.11 shares of worth $6.37 million as of Dec 31, 2024, which makes it owner of about 3.44% of company’s outstanding stock.
