Open Lending (LPRO) Expected to Announce Earnings on Tuesday

Open Lending (NASDAQ:LPRO) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $24.03 million for the quarter.

Open Lending Stock Down 0.2 %

Shares of Open Lending stock opened at $5.72 on Tuesday. The company has a current ratio of 9.42, a quick ratio of 9.42 and a debt-to-equity ratio of 0.61. Open Lending has a 12-month low of $4.57 and a 12-month high of $8.43. The company has a market cap of $682.68 million, a P/E ratio of 190.67 and a beta of 1.16. The company’s fifty day simple moving average is $5.77 and its two-hundred day simple moving average is $5.81.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC upgraded shares of Open Lending from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Open Lending has an average rating of “Moderate Buy” and an average target price of $6.83.

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.