Open Lending Co. (NASDAQ:LPRO) CEO Purchases $25,041.75 in Stock

Open Lending Co. (NASDAQ:LPRO) CEO Jessica E. Buss acquired 12,975 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $1.93 per share, for a total transaction of $25,041.75. Following the completion of the acquisition, the chief executive officer now owns 46,446 shares of the company’s stock, valued at $89,640.78. This trade represents a 38.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Open Lending Trading Down 2.4%

NASDAQ LPRO opened at $2.06 on Friday. Open Lending Co. has a 12-month low of $0.70 and a 12-month high of $6.97. The company has a fifty day simple moving average of $1.87 and a two-hundred day simple moving average of $4.42. The company has a current ratio of 9.42, a quick ratio of 9.42 and a debt-to-equity ratio of 0.61. The stock has a market cap of $246.75 million, a P/E ratio of 68.67 and a beta of 1.79.

Open Lending (NASDAQ:LPRO) last issued its earnings results on Wednesday, May 7th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Open Lending had a return on equity of 2.15% and a net margin of 4.78%. The company had revenue of $24.39 million during the quarter, compared to analyst estimates of $24.78 million. On average, analysts forecast that Open Lending Co. will post 0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LPRO shares. Jefferies Financial Group downgraded Open Lending from a “buy” rating to a “hold” rating and dropped their price objective for the company from $8.00 to $3.70 in a research report on Thursday, March 20th. Citizens Jmp assumed coverage on shares of Open Lending in a report on Friday, April 4th. They issued a “market perform” rating on the stock. Needham & Company LLC boosted their price objective on shares of Open Lending from $2.00 to $2.50 and gave the stock a “buy” rating in a research note on Friday, May 9th. Finally, DA Davidson reissued a “buy” rating and set a $4.00 target price on shares of Open Lending in a research report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $4.44.

Hedge Funds Weigh In On Open Lending

A number of institutional investors have recently bought and sold shares of LPRO. R Squared Ltd acquired a new stake in shares of Open Lending in the fourth quarter worth $25,000. Summit Securities Group LLC purchased a new stake in Open Lending in the first quarter valued at $32,000. Teacher Retirement System of Texas purchased a new stake in Open Lending in the first quarter valued at $41,000. Dynamic Technology Lab Private Ltd acquired a new stake in Open Lending during the first quarter worth about $43,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Open Lending during the 4th quarter worth approximately $54,000. 78.06% of the stock is owned by hedge funds and other institutional investors.

Open Lending Company Profile

Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance companies of automakers in the United States. The company offers Lenders Protection Program (LPP), which is a cloud-based automotive lending platform that provides loan analytics solutions and automated issuance of credit default insurance with third-party insurance providers.