Open Lending Corp Stock Today
| LPRO Stock | USD 4.87 0.09 1.81% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Open Lending is selling at 4.87 as of the 24th of April 2024; that is -1.81 percent decrease since the beginning of the trading day. The stock's open price was 4.96. Open Lending has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Open Lending Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 6th of March 2018 | Classification Financials |
Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, and non-bank auto finance companies and captive finance companies of original equipment manufacturers in the United States. Open Lending Corporation was founded in 2000 and is based in Austin, Texas. The company has 119.15 M outstanding shares of which 2.81 M shares are now shorted by private and institutional investors with about 5.5 trading days to cover. More on Open Lending Corp
Moving together with Open Stock
| 0.67 | AC | Associated Capital | PairCorr |
Moving against Open Stock
| 0.87 | DB | Deutsche Bank AG Earnings Call Tomorrow | PairCorr |
| 0.8 | LU | Lufax Holding Buyout Trend | PairCorr |
| 0.72 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
| 0.64 | MS | Morgan Stanley Financial Report 16th of July 2024 | PairCorr |
| 0.42 | RM | Regional Management Corp Earnings Call This Week | PairCorr |
| 0.41 | CG | Carlyle Group Earnings Call This Week | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 14th of May 2024
Open Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Open Lending's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Open Lending or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Diversified Capital Markets, Financial Services, NASDAQ Composite, Financials, Capital Markets, Credit Services, Financial Services (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering Open Lending report their recommendations after researching Open Lending's financial statements, talking to executives and customers, or listening in on Open Lending's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Open Lending Corp. The Open consensus assessment is calculated by taking the average forecast from all of the analysts covering Open Lending. | |||||
Open Lending's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Open Lending's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Open Lending's financial leverage. It provides some insight into what part of Open Lending's total assets is financed by creditors.
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Open Lending Corp (LPRO) is traded on NASDAQ Exchange in USA. It is located in 1501 South Mopac Expressway, Austin, TX, United States, 78746 and employs 210 people. Open Lending is listed under Diversified Capital Markets category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 590.99 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Open Lending's market, we take the total number of its shares issued and multiply it by Open Lending's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Open Lending Corp conducts business under Capital Markets sector and is part of Financials industry. The entity has 119.15 M outstanding shares of which 2.81 M shares are now shorted by private and institutional investors with about 5.5 trading days to cover.
Open Lending Corp currently holds about 167.7 M in cash with 82.66 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.33.
Check Open Lending Probability Of Bankruptcy
Ownership AllocationOpen Lending Corp has a total of 119.15 Million outstanding shares. The majority of Open Lending Corp outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Open Lending Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Open Lending. Please pay attention to any change in the institutional holdings of Open Lending Corp as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Open Ownership Details
Open Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Open Lending jumping above the current price in 90 days from now is roughly 96.0%. The Open Lending Corp probability density function shows the probability of Open Lending stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 3.0386. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Open Lending will likely underperform. Additionally, open Lending Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Open Lending to move above the current price in 90 days from now is roughly 96.0 (This Open Lending Corp probability density function shows the probability of Open Stock to fall within a particular range of prices over 90 days) .
Open Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Open Lending that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Open Lending's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Open Lending's value.| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2023-12-31 | 2.1 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 1.8 M | |
| Kornitzer Capital Management Inc | 2023-12-31 | 1.5 M | |
| Northern Trust Corp | 2023-12-31 | 908.2 K | |
| Raymond James & Associates | 2023-12-31 | 840 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 832.3 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 776.3 K | |
| Jpmorgan Chase & Co | 2023-12-31 | 729.5 K | |
| Two Sigma Advisers, Llc | 2023-12-31 | 722.3 K | |
| Wasatch Advisors Lp | 2023-12-31 | 15.5 M | |
| T. Rowe Price Associates, Inc. | 2023-12-31 | 10.7 M |
Open Lending Historical Income Statement
Open Lending Corp Income Statement is one of the three primary financial statements used for reporting Open's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Open Lending Corp revenue and expense. Open Lending Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Open Lending's Gross Profit is very stable compared to the past year. As of the 24th of April 2024, Net Income From Continuing Ops is likely to grow to about 41.9 M, while Interest Expense is likely to drop about 5.4 M. View More FundamentalsOpen Stock Against Markets
Picking the right benchmark for Open Lending stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Open Lending stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Open Lending is critical whether you are bullish or bearish towards Open Lending Corp at a given time. Please also check how Open Lending's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Open Lending without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Open Lending Corporate Management
Elected by the shareholders, the Open Lending's board of directors comprises two types of representatives: Open Lending inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Open. The board's role is to monitor Open Lending's management team and ensure that shareholders' interests are well served. Open Lending's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Open Lending's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Keith Jezek | CEO Director | Profile | |
| Matthew Stark | Chief Secretary | Profile | |
| Jill Tyson | Senior Operations | Profile | |
| Kevin Filan | Senior Marketing | Profile | |
| Simona Fillarini | Chief Officer | Profile | |
| Richard Watkins | Founder | Profile |
How to buy Open Stock?
Before investing in Open Lending, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Open Lending. To buy Open Lending stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Open Lending. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Open Lending stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Open Lending Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Open Lending Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Open Lending Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Open Stock please use our How to Invest in Open Lending guide.
Already Invested in Open Lending Corp?
The danger of trading Open Lending Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Open Lending is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Open Lending. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Open Lending Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Open Lending Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Open Lending's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Open Lending Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Open Lending Corp Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Open Lending Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Open Stock analysis
When running Open Lending's price analysis, check to measure Open Lending's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Open Lending is operating at the current time. Most of Open Lending's value examination focuses on studying past and present price action to predict the probability of Open Lending's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Open Lending's price. Additionally, you may evaluate how the addition of Open Lending to your portfolios can decrease your overall portfolio volatility.
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Is Open Lending's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Open Lending. If investors know Open will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Open Lending listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.90) | Earnings Share 0.18 | Revenue Per Share 0.972 | Quarterly Revenue Growth (0.44) | Return On Assets 0.0482 |
The market value of Open Lending Corp is measured differently than its book value, which is the value of Open that is recorded on the company's balance sheet. Investors also form their own opinion of Open Lending's value that differs from its market value or its book value, called intrinsic value, which is Open Lending's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Open Lending's market value can be influenced by many factors that don't directly affect Open Lending's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Open Lending's value and its price as these two are different measures arrived at by different means. Investors typically determine if Open Lending is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Open Lending's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.