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 $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.
Our recommended brokerage: eToro
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Get $10 towards your purchase of shares by signing up for an account with eToro now.
Open eToro AccountStep 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.
How to Set Up a New Investment Account on eToro
- Click here to get started.
- Enter your personal data to start your new trading account.
- Submit your details by hitting the "Create Account" button.
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.
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
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 undervalued based on its P/E ratio of 23.16x, relative to Credit Services industry P/E ratio of 27.49x
- LPRO could be overvalued based on its P/B ratio of 5.98x, relative to Credit Services industry P/B ratio of 3.09x
- LPRO could be undervalued based on its PEG ratio of 0.33x
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.
- 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.
You can dive deeper into what analysts are projecting on the Open Lending stock forecast page.
Metrics for Advanced LPRO Traders
LPRO Performance Metrics
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%.
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.
Charles D. Jehl, Chief Financial Officer of LPRO, was the latest LPRO insider to sell. They sold $133,495.22 worth of LPRO shares on May 6, 2023.
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.
If you want more info about buying stocks on eToro, click the how to video below:
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:
- Decide where to buy Open Lending stock
- Create your brokerage account
- Put funds into your investment account
- Research Open Lending stock
- Place your LPRO trade
- Track your investment in LPRO
If you require a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Open Lending, add LPRO to your watchlist by clicking the button below.
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