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 stock last closed at $10.19, up 2% from the previous day, and has decreased 19.45% in one year. It has underperformed other stocks in the Credit Services industry by 0.08 percentage points. Open Lending stock is currently +90.47% from its 52-week low of $5.35, and -27.06% from its 52-week high of $13.97.
There are currently 120.65M shares of LPRO outstanding. The market value of LPRO is $1.23B. In the past 24 hours, 680,653 LPRO shares were traded.
How to Buy Open Lending Stock
Wondering how to invest in Open Lending stock? Here's how.
Decide where to buy Open Lending stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Open Lending stock.
Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
Put funds into your investment account: Pick your payment method and add your info.
Research Open Lending stock: The Open Lending ticker symbol is LPRO. Is Open Lending stock a good investment? Should you buy shares of LPRO? How do LPRO's underlying business fundamentals look? Do top analysts think Open Lending is a good buy? Why has LPRO's stock price moved recently? (Hint: Our stock research website can help you decide if LPRO is a good stock to buy).
Place your LPRO trade: Decide if you will purchase LPRO shares at the current market price or use a limit order to purchase LPRO stock at a particular price.
Track your investment in LPRO: Create a watchlist to get live updates on your position in Open Lending stock.
Step 1: Decide where to buy Open Lending stock
You need a brokerage account in order to access the NASDAQ market and buy LPRO stock.
A brokerage account enables you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.
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Step 2: Create your brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal info so you are able to invest in LPRO stock today.
After you have chosen the best place to buy Open Lending stock, it's crucial to evaluate their stock prior to investing, so you truly wrap your head around the risk as well as the upside.
Open Lending shares data
LPRO Price
$10.19
1w %
5.16%
1y %
-19.45%
5y %
1.9%
P/E
23.16x
P/B
5.98x
P/S
7.47x
PEG
0.33x
Revenue
$167.89M
Earnings
$56.00M
Fore. Rev. Growth
25.15%
Fore. Earn. Growth
86.36%
Market Cap
$1.23B
Next Earnings
N/A
Next Dividend
N/A
Open Lending Overview
WallStreetZen was designed to help part-time investors perform more in-depth fundamental analysis in minutes instead of hours.
Total LPRO debt is lower than 5 years ago, relative to shareholder equity.
There are more short-term assets than short-term liabilities on the LPRO balance sheet.
LPRO's operating cash flow of $105.01M allows it to safely service it's debt of $150.51M.
There are more short-term assets than long-term liabilities on the LPRO balance sheet.
LPRO earnings of $86.27M is not sufficient to cover its interest payments.
Failed Health Checks:
LPRO profit margin has gone down from 70.5% to 33.4% in the past year.
LPRO has a relatively high debt to equity ratio of 0.81.
Is it a good time to buy Open Lending stock, according to Wall Street analysts?
Out of 8 sell side analysts who give forecasts on LPRO, the consensus analyst rating on LPRO is a Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
Latest LPRO Analyst Upgrades/Downgrades
James Faucette, a bottom 8% analyst from Morgan Stanley maintains LPRO with a strong sell rating and raises their LPRO price target from $5.00 to $6.00, on May 11, 2023.
David Scharf, a bottom 7% analyst from JMP Securities reiterates LPRO with a buy rating and maintains their LPRO price target from $10.00 to $10.00, on May 10, 2023.
John Davis, a bottom 1% analyst from Raymond James maintains LPRO with a buy rating and raises their LPRO price target from $9.00 to $10.00, on May 10, 2023.
Joseph Vafi, a bottom 49% analyst from Canaccord Genuity reiterates LPRO with a strong buy rating and maintains their LPRO price target from $20.00 to $20.00, on May 10, 2023.
Vincent Caintic, a bottom 15% analyst from Stephens & Co. reiterates LPRO with a hold rating and maintains their LPRO price target from $7.00 to $7.00, on Mar 30, 2023.
Last year, LPRO earnings were $56.00M. Over the past 1 years, LPRO's earnings have increased by -64.23% per year. This was slower than the Credit Services industry average of 15.89%.
Last year, LPRO revenue was $167.89M. In the past 4 year, LPRO's revenue has grown by 33.92% per year. This was faster than the Credit Services industry average of 10.33%.
No, Open Lending doesn't provide an income stream by paying out dividends.
What others are saying about LPRO
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Step 5: Place your LPRO trade
There are two main types of orders:
Market order: A market order is an order to buy or sell a stock at the best available price. Market orders are generally fine for most investors.
Limit order: A limit order lets you buy or sell a stock at a specific price (or better). If you want to be sure you're buying or selling at a given dollar amount limit, use a limit order.
Click the Open button and your broker will execute the order.
If you want more info about buying stocks on eToro, click the how to video below:
How much does it cost to buy one Open Lending share?
As of May 26, 2023, it costs $10.19 to buy one share of Open Lending stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $5, you can buy 0.491 shares of LPRO.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.