167,454 Shares in Open Lending Corporation $LPRO Bought by Ieq Capital LLC

Ieq Capital LLC purchased a new stake in Open Lending Corporation (NASDAQ:LPRO) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 167,454 shares of the company’s stock, valued at approximately $521,000. Ieq Capital LLC owned about 0.14% of Open Lending as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Open Lending during the second quarter worth about $893,000. B & T Capital Management DBA Alpha Capital Management purchased a new position in shares of Open Lending in the 2nd quarter valued at approximately $172,000. BlackRock Inc. purchased a new position in shares of Open Lending in the 2nd quarter valued at approximately $24,522,000. Pallas Capital Advisors LLC purchased a new position in shares of Open Lending in the second quarter worth $35,000. Finally, Deutsche Bank AG acquired a new stake in shares of Open Lending during the second quarter worth $317,000. Institutional investors and hedge funds own 78.06% of the company’s stock.

Wall Street Analyst Weigh In

LPRO has been the topic of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Open Lending in a research report on Tuesday, June 9th. DA Davidson reaffirmed a “neutral” rating and set a $3.15 price target (up from $3.00) on shares of Open Lending in a research report on Friday, June 26th. Northland Securities set a $3.15 price target on Open Lending in a research note on Wednesday, June 17th. Finally, Wall Street Zen raised Open Lending to a “sell” rating in a report on Saturday, August 1st. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $2.77.

Open Lending Stock Performance

NASDAQ LPRO opened at $3.14 on Friday. The firm has a market capitalization of $369.50 million, a P/E ratio of -78.50 and a beta of 2.19. The stock has a 50-day simple moving average of $3.13 and a two-hundred day simple moving average of $2.21. The company has a debt-to-equity ratio of 1.00, a quick ratio of 4.44 and a current ratio of 4.44. Open Lending Corporation has a fifty-two week low of $1.17 and a fifty-two week high of $3.15.

Open Lending Company Profile

Open Lending Corporation is a financial technology company specializing in risk analytics and automated loan decisioning for the automotive finance industry. Through its proprietary platform, Open Lending enables banks, credit unions and finance companies to enhance underwriting accuracy, manage risk more effectively and streamline the loan origination process. The company’s solutions leverage machine learning and big-data analytics to deliver credit-based pricing models that help lenders optimize portfolio performance and reduce losses.

The core offerings of Open Lending include an automated underwriting engine, risk-based pricing tools and performance analytics dashboards.