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Open Lending Corporation (LPRO)
NASDAQ:LPRO
Open Lending (LPRO) Stock Price & Analysis
197 Followers
LPRO Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$4.57 - $11.49
Previous Close$6.12
Volume271.99K
Average Volume (3M)467.32K
Market Cap
$729.29M
Enterprise Value$636.58M
Total Cash (Recent Filing)$240.21M
Total Debt (Recent Filing)$147.50M
Price to Earnings (P/E)50.8
Beta1.64
Next Earnings
Aug 06, 2024EPS Estimate
$0.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.12
Shares Outstanding119,165,108
10 Day Avg. Volume563,765
30 Day Avg. Volume467,317
Standard Deviation0.16
R-Squared0.14
Alpha-0.00944
Financial Highlights & Ratios
Price to Book (P/B)3.36
Price to Sales (P/S)46.19
Price to Cash Flow (P/CF)10.30
P/FCF Ratio9.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.42
Enterprise Value/Gross Profit6.69
Enterprise Value/Ebitda13.76
Forecast
1Y Price Target
$7.67Price Target Upside25.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
Open Lending News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceLPRO's 1Q24 results came in above expectations on both the top and bottom line as loan certifications increased 7.3%.
Market ExpansionThe company is fully focused on penetrating the retail bank market and has hired a seasoned team to lead this effort.
Product InnovationOpen Lending's Lenders Protect credit insurance product is an innovative way to shift credit risk for capital relief for lenders and to incentivize car sales for auto manufacturers.
Bears Say
ManagementCertification volumes have been a struggle, and the recent CEO departure may indicate issues within the OEM channel or the bank/credit union channels.
Market PerformanceThe estimated certification volumes for 2024, which are down 31% compared to 2021, are subscale from both an efficiency standpoint and the ultimate market opportunity available for Open Lending's credit insurance product.
PartnershipsInsurance partnerships remain a concern after one carrier left this year, despite the announcement of a new upcoming partner.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
LPRO FAQ
What was Open Lending Corporation’s price range in the past 12 months?
Open Lending Corporation lowest stock price was $4.57 and its highest was $11.49 in the past 12 months.
What is Open Lending Corporation’s market cap?
Currently, no data Available
When is Open Lending Corporation’s upcoming earnings report date?
Open Lending Corporation’s upcoming earnings report date is Aug 06, 2024 which is in 15 days.
How were Open Lending Corporation’s earnings last quarter?
Open Lending Corporation released its earnings results on May 07, 2024. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.048 by -$0.008.
Is Open Lending Corporation overvalued?
According to Wall Street analysts Open Lending Corporation’s price is currently Undervalued.
Does Open Lending Corporation pay dividends?
Open Lending Corporation does not currently pay dividends.
What is Open Lending Corporation’s EPS estimate?
Open Lending Corporation’s EPS estimate is $0.05.
How many shares outstanding does Open Lending Corporation have?
Open Lending Corporation has 119,165,110 shares outstanding.
What happened to Open Lending Corporation’s price movement after its last earnings report?
Open Lending Corporation reported an EPS of $0.04 in its last earnings report, missing expectations of $0.048. Following the earnings report the stock price went up 5.293%.
Which hedge fund is a major shareholder of Open Lending Corporation?
Among the largest hedge funds holding Open Lending Corporation’s share is Royce & Associates LLC. It holds Open Lending Corporation’s shares valued at 2M.
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Open Lending Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$7.67 (25.33% Upside)
$7.67 (25.33% Upside)
Blogger Sentiment
Bearish
LPRO Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 34.4K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Negative
20 days / 200 days
Momentum
-46.92%
12-Months-Change
Fundamentals
Return on Equity
7.01%
Trailing 12-Months
Asset Growth
2.06%
Trailing 12-Months
Company Description
Open Lending Corporation
nebula Acquisition Corp. operates as a blank check company. It engages in the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on October 2, 2017 and is headquartered in San Francisco, CA.
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LPRO Company Deck
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LPRO Earnings Call
Q1 2024
0:00 / 0:00
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LPRO Stock 12 Month Forecast
Average Price Target
$7.67
▲(25.33% Upside)
Technical Analysis
Factset Research
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First American Financial
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Fidelity National Financial
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LendingClub
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Best Analysts Covering LPRO
1 Year
1 Year Success Rate
6/18 ratings generated profit
1 Year Average Return
-23.69%
reiterated a buy rating 2 months ago
Copying Peter Heckmann's trades and holding each position for 1 Year would result in 33.33% of your transactions generating a profit, with an average return of -23.69% per trade.
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