Open Lending Co. (NASDAQ:LPRO) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its position in Open Lending Co. (NASDAQ:LPRO) by 52.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 95,160 shares of the company’s stock after buying an additional 32,634 shares during the quarter. Deutsche Bank AG owned about 0.08% of Open Lending worth $568,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in LPRO. R Squared Ltd purchased a new stake in shares of Open Lending during the 4th quarter worth $25,000. Quantbot Technologies LP purchased a new position in Open Lending in the 4th quarter valued at about $54,000. Ameriprise Financial Inc. purchased a new position in Open Lending in the 4th quarter valued at about $80,000. BNP Paribas Financial Markets purchased a new position in Open Lending in the 4th quarter valued at about $87,000. Finally, Proficio Capital Partners LLC purchased a new position in Open Lending in the 4th quarter valued at about $95,000. 78.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Open Lending

In other Open Lending news, CEO Jessica E. Buss purchased 12,975 shares of the stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $1.93 per share, with a total value 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 approximately $89,640.78. This trade represents a 38.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.20% of the stock is currently owned by company insiders.

Open Lending Stock Performance

Shares of LPRO opened at $1.79 on Thursday. The business’s fifty day moving average price is $1.57 and its 200 day moving average price is $4.19. Open Lending Co. has a 12-month low of $0.70 and a 12-month high of $6.97. The stock has a market capitalization of $214.41 million, a PE ratio of 59.67 and a beta of 1.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 9.42 and a quick ratio of 9.42.

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

Open Lending 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.