Open Lending Corp

Open Lending Corp Stock Forecast & Price Prediction

Live Open Lending Corp Stock (LPRO) Price
$5.75

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$5.75

P/E Ratio

115.00

Volume Traded Today

$176,625

Dividend

Dividends not available for LPRO

52 Week High/low

8.70/4.57

Open Lending Corp Market Cap

$685.7M

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LPRO Summary

From what 0 stock analysts predict, the share price for Open Lending Corp (LPRO) might increase by 24% in the next year. This is based on a 12-month average estimation for LPRO. Price targets go from $5 to $10. The majority of stock analysts believe LPRO is a sell. Please note analyst price targets are not guaranteed and could be missed completely.

LPRO Analyst Ratings

About 0 Wall Street analysts have assigned LPRO 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Open Lending Corp to perform worse than the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on LPRO. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

LPRO stock forecast by analyst

These are the latest 20 analyst ratings of LPRO.

Analyst/Firm

Rating

Price Target

Change

Date

Mayank Tandon
Needham

Hold


Reiterates

Oct 2, 2024
Peter Heckmann
DA Davidson

Buy

$8

Maintains

Aug 12, 2024
David Scharf
JMP Securities

Market Outperform

$7

Maintains

Aug 9, 2024
James Faucette
Morgan Stanley

Equal-Weight

$5

Maintains

Aug 9, 2024
Mayank Tandon
Needham

Hold


Downgrade

Jul 22, 2024
Vincent Caintic
BTIG

Neutral


Assumes

Jun 7, 2024
Joseph Vafi
Canaccord Genuity

Hold

$6

Maintains

May 8, 2024
Mayank Tandon
Needham

Buy

$7

Maintains

May 8, 2024
Joseph Vafi
Canaccord Genuity

Hold

$7

Maintains

Mar 26, 2024
David Scharf
JMP Securities

Market Outperform

$8

Reiterates

Mar 26, 2024
John Davis
Raymond James

Outperform

$8

Maintains

Mar 26, 2024
Joseph Vafi
Canaccord Genuity

Hold

$7.5

Maintains

Feb 29, 2024
Mayank Tandon
Needham

Buy

$8

Reiterates

Feb 28, 2024
James Faucette
Morgan Stanley

Equal-Weight

$7

Upgrade

Feb 6, 2024
David Scharf
JMP Securities

Market Outperform

$9

Maintains

Jan 12, 2024
Mayank Tandon
Needham

Buy

$8

Maintains

Nov 9, 2023
James Faucette
Morgan Stanley

Underweight

$4

Maintains

Nov 8, 2023
John Davis
Raymond James

Outperform

$8

Maintains

Nov 8, 2023
Vincent Caintic
Stephens & Co.

Equal-Weight

$6

Maintains

Nov 8, 2023
Joseph Vafi
Canaccord Genuity

Hold

$5.5

Downgrade

Nov 8, 2023

LPRO Company Information

What They Do: Provides automotive lending enablement and analytics solutions.

Business Model: The company generates revenue by offering its Lenders Protection Program (LPP), a cloud-based platform that facilitates automotive lending. It provides loan analytics, risk modeling, and automated credit default insurance issuance, serving credit unions, regional banks, and finance companies.

Other Information: Founded in 2000 and headquartered in Austin, Texas, Open Lending Corporation focuses on enhancing the efficiency and effectiveness of automotive lending through advanced technology and partnerships with third-party insurance providers.
LPRO
Open Lending Corp (LPRO)

When did it IPO

2019

Staff Count

210

Country

United States

Sector/Industry

Financial Services/Credit Services

CEO

Mr. Charles D. Jehl

Market Cap

$685.7M

Open Lending Corp (LPRO) Financial Data

In 2023, LPRO generated $117.5M in revenue, which was a decrease of -34.60% from the previous year. This can be seen as a signal that LPRO's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$108.9M

Revenue From 2021

$215.7M

98.04 %
From Previous Year

Revenue From 2022

$179.6M

-16.72 %
From Previous Year

Revenue From 2023

$117.5M

-34.60 %
From Previous Year
  • Revenue TTM $98.4M
  • Operating Margin TTM 14.9%
  • Gross profit TTM $95.2M
  • Return on assets TTM 1.2%
  • Return on equity TTM 2.8%
  • Profit Margin 6.2%
  • Book Value Per Share 1.82%
  • Market capitalisation $685.7M
  • Revenue for 2021 $215.7M
  • Revenue for 2022 $179.6M
  • Revenue for 2023 $117.5M
  • EPS this year (TTM) $0.05

Open Lending Corp (LPRO) Latest News

News Image

Thu, 12 Sep 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Jehl's financial, operational, and leadership expertise is expected to position the company for future growth.

Why It Matters - Jehl's expertise signals strong management, likely enhancing company performance and growth prospects, which can positively influence stock value and investor confidence.

News Image

Tue, 27 Aug 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Open Lending Corporation (NASDAQ: LPRO) released its Near- and Non-Prime Consumer Update, detailing Q1 trends in vehicle sales, interest rates, payment trends, and consumer preferences.

Why It Matters - Open Lending's quarterly report on near- and non-prime consumer trends provides insights into automotive lending dynamics, influencing investor sentiment and potential market opportunities.

News Image

Mon, 12 Aug 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Open Lending Corporation (Nasdaq: LPRO) will attend the Canaccord Genuity 44th Annual Growth Conference on Aug. 12, 2024, participating in a fireside chat at 11:00am ET. Webcast available online.

Why It Matters - Open Lending's participation in a major conference highlights its visibility and engagement with investors, potentially influencing stock performance and investor sentiment.

News Image

Sat, 10 Aug 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Open Lending Corporation (NASDAQ:LPRO) will hold its Q2 2024 earnings conference call on August 8, 2024, at 5:00 PM ET, featuring key executives and analysts from major firms.

Why It Matters - The Q2 2024 earnings call for Open Lending could provide insights into the company's financial health and future guidance, impacting stock performance and investor sentiment.

News Image

Thu, 08 Aug 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Open Lending Corporation (Nasdaq: LPRO) announced its Q2 2024 financial results, highlighting its role in lending enablement and risk analytics for financial institutions.

Why It Matters - Open Lending's Q2 2024 financial results may impact its stock performance, reflecting operational health and strategic direction, influencing investor sentiment and market positioning.

News Image

Thu, 08 Aug 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Open Lending (LPRO) reported its revenue and EPS for Q2 2024, which should be evaluated against Wall Street estimates and year-over-year performance for a comprehensive analysis.

Why It Matters - Open Lending's revenue and EPS performance relative to Wall Street estimates and prior year figures will influence investor sentiment and stock valuation, impacting future investment decisions.

...

LPRO Frequently asked questions

The highest forecasted price for LPRO is $10 from David Scharf at JMP Securities.

The lowest forecasted price for LPRO is $5 from James Faucette from Morgan Stanley

The LPRO analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.