Price T Rowe Associates Inc. MD Acquires 920,630 Shares of Open Lending Co. (NASDAQ:LPRO)

Price T Rowe Associates Inc. MD raised its holdings in Open Lending Co. (NASDAQ:LPRO) by 7.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,655,364 shares of the company’s stock after acquiring an additional 920,630 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 10.60% of Open Lending worth $75,554,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wasatch Advisors LP grew its position in shares of Open Lending by 0.6% during the 4th quarter. Wasatch Advisors LP now owns 16,736,229 shares of the company’s stock worth $99,915,000 after buying an additional 105,449 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Open Lending by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 10,178,916 shares of the company’s stock worth $60,768,000 after buying an additional 160,617 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Open Lending by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,393,519 shares of the company’s stock worth $14,293,000 after buying an additional 28,253 shares in the last quarter. EVR Research LP grew its position in shares of Open Lending by 6.8% during the 4th quarter. EVR Research LP now owns 2,030,000 shares of the company’s stock worth $12,119,000 after buying an additional 130,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Open Lending by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,609,727 shares of the company’s stock worth $9,608,000 after buying an additional 24,752 shares in the last quarter. Institutional investors own 78.06% of the company’s stock.

Open Lending Trading Down 1.6 %

Open Lending stock opened at $1.26 on Tuesday. The stock has a 50-day moving average of $2.77 and a two-hundred day moving average of $4.80. The company has a debt-to-equity ratio of 0.61, a quick ratio of 9.42 and a current ratio of 9.42. Open Lending Co. has a one year low of $0.70 and a one year high of $6.97. The stock has a market cap of $150.93 million, a PE ratio of 42.00 and a beta of 1.57.

Open Lending (NASDAQ:LPRO) last released its quarterly earnings results on Monday, March 31st. The company reported ($1.21) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($1.23). Open Lending had a net margin of 4.78% and a return on equity of 2.15%. The business had revenue of $24.23 million during the quarter, compared to analysts’ expectations of $24.03 million. During the same quarter last year, the business posted ($0.04) earnings per share. On average, research analysts anticipate that Open Lending Co. will post 0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LPRO has been the topic of a number of recent research reports. Jefferies Financial Group downgraded Open Lending from a “buy” rating to a “hold” rating and dropped their price target for the stock from $8.00 to $3.70 in a research report on Thursday, March 20th. Citizens Jmp began coverage on shares of Open Lending in a report on Friday, April 4th. They issued a “market perform” rating for the company. DA Davidson restated a “buy” rating and issued a $4.00 price target on shares of Open Lending in a report on Wednesday, April 16th. Finally, Needham & Company LLC decreased 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 issued a buy rating to the stock. According to MarketBeat.com, Open Lending currently has a consensus rating of “Hold” and a consensus price target of $4.62.

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.