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How to Buy Open Lending Stock

Open Lending Corp

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 $6.19, up 1.31% from the previous day, and has decreased 11.44% in one year. It has underperformed other stocks in the Credit Services industry by 0.4 percentage points. Open Lending stock is currently +26.58% from its 52-week low of $4.89, and -48.37% from its 52-week high of $11.99.

There are currently 118.88M shares of LPRO outstanding. The market value of LPRO is $735.85M. In the past 24 hours, 806,144 LPRO shares were traded.

How to Buy Open Lending Stock

Wondering how to invest in Open Lending stock? Here's how.
  1. 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.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Put funds into your investment account: Pick your payment method and add your info.
  4. 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).
  5. 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.
  6. 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.

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Step 3: Put funds into your investment account

Now that you have filled out your info on a good stock buying app, you need to deposit funds:

Watch the tutorial below to see the process of depositing money into your new investment account.

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Step 4: Research Open Lending stock

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
$6.19
1w %
-16.58%
1y %
-11.44%
5y %
-38.04%
P/E
34.39x
P/B
3.58x
P/S
6.37x
PEG
0.19x
Revenue
$117.46M
Earnings
$22.07M
Fore. Rev. Growth
14.51%
Fore. Earn. Growth
205.51%
Market Cap
$735.85M
Next Earnings
May 7, 2024
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.

You can see all of the due diligence checks on LPRO's stock page.

How is LPRO stock valued?

Analysts use many financial metrics, analyses, models, and charts to gauge LPRO's true value.

Using relative valuations measures:

  • LPRO may be overvalued based on its P/E ratio of 34.39x, relative to Credit Services industry P/E ratio of 29.39x
  • LPRO could be undervalued based on its P/B ratio of 3.58x, relative to Credit Services industry P/B ratio of 4.99x
  • LPRO could be undervalued based on its PEG ratio of 0.19x

You can do additional valuation analysis on LPRO's stock here.

A quick look at LPRO Financials

Passed Health Checks:

  • 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.
  • There are more short-term assets than long-term liabilities on the LPRO balance sheet.
  • LPRO's operating cash flow of $82.66M allows it to safely service it's debt of $147.50M.

Failed Health Checks:

  • LPRO earnings of $39.52M is not sufficient to cover its interest payments.
  • LPRO profit margin has gone down from 37.1% to 18.8% in the past year.
  • LPRO has a relatively high debt to equity ratio of 0.82.

Is it a good time to buy Open Lending stock, according to Wall Street analysts?

Out of 6 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

Vincent Caintic, a bottom 5% analyst from Stephens & Co. maintains LPRO with a hold rating and lowers their LPRO price target from $9.00 to $6.00, on Nov 8, 2023.

You can dive deeper into what analysts are projecting on the Open Lending stock forecast page.

Metrics for Advanced LPRO Traders

SMA10
6.74
SMA20
6.89
SMA50
7.32
SMA100
7.17
SMA200
7.95
MACD
-0.27
MACD Signal
-0.19
MACD Histogram
-0.08
RSI
35.67
Stochastic %K
13.71
Stochastic %D
31.49
StochRSI %K
4.15
StochRSI %D
27.78

LPRO Performance Metrics

Last year, LPRO earnings were $22.07M. Over the past 2 year, LPRO's earnings have increased by -60.61% per year. This was slower than the Credit Services industry average of 11.95%.

Last year, LPRO revenue was $117.46M. In the past 5 year, LPRO's revenue has grown by 17.61% per year. This was faster than the Credit Services industry average of 9.56%.

Find out more about LPRO's earnings and revenue performance here.

Latest Insiders Trades at LPRO

In the last year, executives and large shareholders at LPRO have sold more shares than they have bought.

John Joseph Flynn, Director of LPRO, was the latest LPRO insider to sell. They sold $367,300.00 worth of LPRO shares on Mar 21, 2024.

Get more info about who owns LPRO stock here.

Can I get consistent income from LPRO stock?

No, Open Lending doesn't provide an income stream by paying out dividends.

What others are saying about LPRO

One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to see what other community members have to say.

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.

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Step 6: Track your investment in LPRO

Now that you own some LPRO stock, you'll want to keep up with your company.

Start a watchlist to track your LPRO stock.

LPRO Feed

How to Buy Stock in Open Lending

To summarize, here are the 6 steps for buying Open Lending stock:

  1. Decide where to buy Open Lending stock
  2. Create your brokerage account
  3. Put funds into your investment account
  4. Research Open Lending stock
  5. Place your LPRO trade
  6. Track your investment in LPRO

If you require a place to buy stocks, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep an eye on your new investment in Open Lending, add LPRO to your watchlist by clicking the button below.

NASDAQ: LPRO
$6.19+0.08 (+1.31%)
Updated Mar 27, 2024
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NASDAQ: LPRO
$6.19+0.08 (+1.31%)
Updated Mar 27, 2024
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FAQ

How much does it cost to buy one Open Lending share?

As of Mar 27, 2024, it costs $6.19 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 $3, you can buy 0.485 shares of LPRO.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Open Lending stock?

According to 6 Wall Street analysts who monitor Open Lending, their consensus recommendation is to buy Open Lending stock.

What is the best way to buy Open Lending stock?

One way to place an order for Open Lending stock is with a brokerage account.
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.