Open Lending CorpLPRO
Market Cap: $646M
About: Open Lending Corp is engaged in providing automated lending services to financial institutions. The company offers loan analytics, risk-based pricing, risk modeling, and automated decision technology. Its Lenders Protection Program ("LPP") enables automotive lenders to make loans that are largely insured against losses from defaults.
Employees: 210
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1,358% more call options, than puts
Call options by funds: $175K | Put options by funds: $12K
47% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 36
0.98% more ownership
Funds ownership: 72.96% [Q1] → 73.94% (+0.98%) [Q2]
4% less funds holding
Funds holding: 141 [Q1] → 135 (-6) [Q2]
9% less capital invested
Capital invested by funds: $543M [Q1] → $492M (-$51.4M) [Q2]
24% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 25
33% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
DA Davidson Peter Heckmann 76% 1-year accuracy 31 / 41 met price target | 48%upside $8 | Buy Maintained | 12 Aug 2024 |
JMP Securities David Scharf 69% 1-year accuracy 37 / 54 met price target | 29%upside $7 | Market Outperform Maintained | 9 Aug 2024 |
Morgan Stanley James Faucette 62% 1-year accuracy 16 / 26 met price target | 8%downside $5 | Equal-Weight Maintained | 9 Aug 2024 |
Financial journalist opinion
Based on 3 articles about LPRO published over the past 30 days