Key Points
- Insider purchase: Matthew Sather bought 40,000 shares on Nov 19 at $1.52 each for $60,800, increasing his holdings by 916.8% to 44,363 shares (SEC filing).
- Stock snapshot: LPRO traded at $1.65 with a market cap of $195M, a negative P/E (-1.32), 50‑day/200‑day moving averages of $1.91/$2.05, and a 1‑year range of $0.70–$6.75, signaling volatility.
- Analyst view: Ratings are mixed (3 Buy, 5 Hold, 1 Sell) with a consensus "Hold" and a $2.92 price target; some firms have recently lowered targets (e.g., Canaccord to $2.00) while others remain more bullish (e.g., DA Davidson $4.00).
Open Lending Corporation (NASDAQ:LPRO - Get Free Report) insider Matthew Sather purchased 40,000 shares of the business's stock in a transaction on Wednesday, November 19th. The stock was purchased at an average price of $1.52 per share, with a total value of $60,800.00. Following the purchase, the insider owned 44,363 shares of the company's stock, valued at approximately $67,431.76. The trade was a 916.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Open Lending Stock Performance
Shares of Open Lending stock traded up $0.12 during trading on Friday, hitting $1.65. 673,188 shares of the stock were exchanged, compared to its average volume of 773,298. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 1.74. The company has a fifty day moving average price of $1.91 and a 200-day moving average price of $2.05. The stock has a market capitalization of $195.01 million, a price-to-earnings ratio of -1.32 and a beta of 1.97. Open Lending Corporation has a 1-year low of $0.70 and a 1-year high of $6.75.
Open Lending (NASDAQ:LPRO - Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $24.17 million during the quarter, compared to analyst estimates of $22.15 million. As a group, equities analysts predict that Open Lending Corporation will post 0.1 EPS for the current fiscal year.
Hedge Funds Weigh In On Open Lending
Hedge funds and other institutional investors have recently made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in shares of Open Lending during the 1st quarter worth approximately $32,000. R Squared Ltd acquired a new position in Open Lending during the second quarter valued at approximately $28,000. Prudential Financial Inc. acquired a new stake in shares of Open Lending in the 2nd quarter valued at $28,000. Brighton Jones LLC acquired a new stake in shares of Open Lending in the 2nd quarter valued at $30,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Open Lending in the 1st quarter valued at $43,000. 78.06% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Citigroup reissued a "market perform" rating on shares of Open Lending in a report on Wednesday, November 12th. Canaccord Genuity Group lowered their price objective on Open Lending from $7.00 to $2.00 and set a "hold" rating on the stock in a research report on Thursday, November 13th. DA Davidson reissued a "buy" rating and set a $4.00 target price on shares of Open Lending in a report on Tuesday, November 11th. Raymond James Financial reaffirmed an "outperform" rating and set a $2.80 price target (up from $2.50) on shares of Open Lending in a research report on Thursday, August 7th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Open Lending in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Open Lending currently has a consensus rating of "Hold" and a consensus price target of $2.92.
View Our Latest Report on Open Lending
Open Lending Company Profile
(
Get Free Report)
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.
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