The closing price of Open Lending Corp (NASDAQ: LPRO) was $6.26 for the day, up 1.13% from the previous closing price of $6.19. In other words, the price has increased by $+0.07 from its previous closing price. On the day, 616387 shares were traded.
Ratios:
Our analysis of LPRO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.25. For the most recent quarter (mrq), Quick Ratio is recorded 14.08 and its Current Ratio is at 14.08. In the meantime, Its Debt-to-Equity ratio is 0.72 whereas as Long-Term Debt/Eq ratio is at 0.69.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on February 06, 2024, Upgraded its rating to Equal-Weight and sets its target price to $7 from $4 previously.
On November 08, 2023, Canaccord Genuity Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $20 to $5.50.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 21 ’24 when Flynn John Joseph sold 50,000 shares for $7.35 per share. The transaction valued at 367,290 led to the insider holds 1,993,762 shares of the business.
Flynn John Joseph sold 50,000 shares of LPRO for $398,030 on Feb 21 ’24. The Director now owns 2,029,666 shares after completing the transaction at $7.96 per share. On Feb 07 ’24, another insider, Flynn John Joseph, who serves as the Director of the company, sold 50,000 shares for $7.25 each. As a result, the insider received 362,685 and left with 2,079,666 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LPRO now has a Market Capitalization of 741.79M and an Enterprise Value of 649.71M. As of this moment, Open’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.91, and their Forward P/E ratio for the next fiscal year is 17.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.34 while its Price-to-Book (P/B) ratio in mrq is 3.62. Its current Enterprise Value per Revenue stands at 5.53 whereas that against EBITDA is 15.97.
Stock Price History:
The Beta on a monthly basis for LPRO is 0.99, which has changed by -10.32% over the last 52 weeks, in comparison to a change of 27.39% over the same period for the S&P500. Over the past 52 weeks, LPRO has reached a high of $11.99, while it has fallen to a 52-week low of $4.89. The 50-Day Moving Average of the stock is 7.30, while the 200-Day Moving Average is calculated to be 7.93.
Shares Statistics:
LPRO traded an average of 462.71K shares per day over the past three months and 612.04k shares per day over the past ten days. A total of 118.82M shares are outstanding, with a floating share count of 97.22M. Insiders hold about 18.26% of the company’s shares, while institutions hold 66.18% stake in the company. Shares short for LPRO as of Mar 15, 2024 were 3.13M with a Short Ratio of 6.76, compared to 2.81M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.63% and a Short% of Float of 3.92%.
Earnings Estimates
The firm’s stock currently is rated by 9 analysts. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.07 and a low estimate of $0.04, while EPS last year was $0.1. The consensus estimate for the next quarter is $0.06, with high estimates of $0.08 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.32 and $0.16 for the fiscal current year, implying an average EPS of $0.26. EPS for the following year is $0.35, with 8 analysts recommending between $0.45 and $0.17.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $30.3M to a low estimate of $27.73M. As of the current estimate, Open Lending Corp’s year-ago sales were $38.36M, an estimated decrease of -25.30% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $31.27M, a decrease of -18.00% over than the figure of -$25.30% in the same quarter last year. There is a high estimate of $35.87M for the next quarter, whereas the lowest estimate is $28.29M.
A total of 9 analysts have provided revenue estimates for LPRO’s current fiscal year. The highest revenue estimate was $143.74M, while the lowest revenue estimate was $114.31M, resulting in an average revenue estimate of $127.06M. In the same quarter a year ago, actual revenue was $117.46M, up 8.20% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $148.35M in the next fiscal year. The high estimate is $162.32M and the low estimate is $123.73M. The average revenue growth estimate for next year is up 16.80% from the average revenue estimate for this year.
