Barclays PLC Has $1.09 Million Stock Position in Open Lending Co. (NASDAQ:LPRO)

Barclays PLC raised its holdings in Open Lending Co. (NASDAQ:LPRO) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 183,270 shares of the company’s stock after acquiring an additional 14,246 shares during the quarter. Barclays PLC owned about 0.15% of Open Lending worth $1,094,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LPRO. Invesco Ltd. boosted its position in shares of Open Lending by 1.5% during the fourth quarter. Invesco Ltd. now owns 157,318 shares of the company’s stock worth $939,000 after purchasing an additional 2,287 shares in the last quarter. LPL Financial LLC increased its stake in Open Lending by 4.2% in the 4th quarter. LPL Financial LLC now owns 82,461 shares of the company’s stock valued at $492,000 after buying an additional 3,309 shares during the last quarter. Federated Hermes Inc. lifted its position in Open Lending by 4.3% during the 4th quarter. Federated Hermes Inc. now owns 97,379 shares of the company’s stock worth $581,000 after buying an additional 4,059 shares in the last quarter. R Squared Ltd bought a new stake in Open Lending during the 4th quarter worth about $25,000. Finally, Rhumbline Advisers increased its position in shares of Open Lending by 3.7% during the 4th quarter. Rhumbline Advisers now owns 146,101 shares of the company’s stock worth $872,000 after purchasing an additional 5,149 shares during the last quarter. Institutional investors own 78.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. DA Davidson reaffirmed a “buy” rating and issued a $4.00 target price on shares of Open Lending in a report on Wednesday, April 16th. Jefferies Financial Group cut shares of Open Lending from a “buy” rating to a “hold” rating and lowered their price target for the company from $8.00 to $3.70 in a report on Thursday, March 20th. Citizens Jmp started coverage on Open Lending in a report on Friday, April 4th. They set a “market perform” rating for the company. Finally, Needham & Company LLC reduced their target price on shares of Open Lending from $7.00 to $2.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.62.

Open Lending Price Performance

Shares of LPRO stock opened at $1.34 on Monday. The business has a fifty day simple moving average of $2.45 and a 200 day simple moving average of $4.67. Open Lending Co. has a twelve month low of $0.70 and a twelve month high of $6.97. The company has a quick ratio of 9.42, a current ratio of 9.42 and a debt-to-equity ratio of 0.61. The company has a market cap of $160.51 million, a P/E ratio of 44.67 and a beta of 1.79.

Open Lending (NASDAQ:LPRO) last issued its earnings results on Monday, March 31st. The company reported ($1.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($1.23). Open Lending had a return on equity of 2.15% and a net margin of 4.78%. The firm had revenue of $24.23 million during the quarter, compared to analyst estimates of $24.03 million. During the same period in the previous year, the company earned ($0.04) EPS. On average, sell-side analysts forecast that Open Lending Co. will post 0.1 EPS for the current fiscal year.

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.