33,421 Shares in Open Lending Co. (NASDAQ:LPRO) Acquired by Gilbert & Cook Inc.

Gilbert & Cook Inc. acquired a new position in Open Lending Co. (NASDAQ:LPRO) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 33,421 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. EVR Research LP bought a new position in Open Lending during the second quarter valued at approximately $2,758,000. King Luther Capital Management Corp bought a new position in Open Lending during the second quarter valued at approximately $558,000. Price T Rowe Associates Inc. MD grew its position in Open Lending by 0.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,756,601 shares of the company’s stock valued at $67,337,000 after acquiring an additional 51,276 shares during the last quarter. QRG Capital Management Inc. grew its position in Open Lending by 24.0% during the second quarter. QRG Capital Management Inc. now owns 14,587 shares of the company’s stock valued at $81,000 after acquiring an additional 2,824 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Open Lending during the second quarter valued at approximately $33,000. 78.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LPRO shares. JMP Securities reduced their price target on shares of Open Lending from $8.00 to $7.00 and set a “market outperform” rating on the stock in a research report on Friday, August 9th. DA Davidson cut their target price on shares of Open Lending from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Morgan Stanley cut their target price on shares of Open Lending from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Finally, Needham & Company LLC restated a “hold” rating on shares of Open Lending in a report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $6.83.

Open Lending Stock Performance

Shares of LPRO stock opened at $6.27 on Monday. The stock has a fifty day moving average of $5.89 and a 200 day moving average of $5.89. Open Lending Co. has a 52 week low of $4.57 and a 52 week high of $8.70. The firm has a market capitalization of $747.70 million, a price-to-earnings ratio of 209.00, a PEG ratio of 2.70 and a beta of 1.13. The company has a quick ratio of 13.32, a current ratio of 9.42 and a debt-to-equity ratio of 0.61.

Open Lending Company Profile

Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance companies of automakers in the United States. The company offers Lenders Protection Program (LPP), which is a cloud-based automotive lending platform that provides loan analytics solutions and automated issuance of credit default insurance with third-party insurance providers.