DA Davidson Downgrades Open Lending Corporation to Hold
Open Lending Corporation receives a hold rating from DA Davidson with a $3.15 price target, a 0.96% upside from the current price.
Key Points
- DA Davidson analyst Peter Heckmann downgraded Open Lending Corporation to a hold rating with a $3.15 price target on June 26, 2026.
- DA Davidson's $3.15 price target implies 0.96% upside from Open Lending Corporation's ($LPRO) current $3.12 share price.
- Shares of NasdaqGM:LPRO traded near $3.12 on Friday, with a market cap of about $369.2 million and a forward P/E ratio of 16.42.
- Recent insider activity includes both buying and selling by company insiders Todd Hart and Eric Feldstein in May and June 2026.
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On June 26, 2026, DA Davidson analyst Peter Heckmann downgraded Open Lending Corporation (NasdaqGM:LPRO) from a previous rating to hold, setting a price target of $3.15. This update reflects DA Davidson's latest analysis of the company's stock.
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Other Institutional Activity in Open Lending Corporation
Several major funds have recently adjusted their positions in Open Lending. BlackRock, Inc. reduced its holdings by 107,534 shares, bringing its total to 7,369,885 shares valued at approximately $9.21 million, marking a 1.4% decrease. Wasatch Advisors LP increased its position by 716,509 shares, ending with 7,054,107 shares worth about $8.82 million, an 11.3% increase. Portolan Capital Management, LLC significantly boosted its stake by 2,166,258 shares, totaling 6,902,888 shares valued at roughly $8.63 million, a 45.7% increase. Meanwhile, LB Partners LLC added 150,000 shares, now holding 5,400,841 shares valued at $6.75 million, reflecting a 2.9% increase.
Open Lending Corporation Stock Snapshot
Shares of Open Lending Corporation (NasdaqGM:LPRO) traded near $3.12 on Friday. The company has a market capitalization of approximately $369.2 million and a forward P/E ratio of 16.42, indicating expectations for future earnings. The stock's beta is 2.271, suggesting it is more volatile than the broader market. Over the past year, the stock has seen a low of $1.18 and a high of $3.13. Its current 50-day moving average is $2.10, with a 200-day moving average of $1.81. Open Lending's current ratio stands at 4.439, with a quick ratio of 4.083, and a debt-to-equity ratio of 112.962.
$LPRO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Open Lending Corporation reported revenue of $89.3 million, though it faced a revenue decline of 16%. The company's earnings per share (EPS) was negative at -$0.05, with a net margin of -5.95% and a return on equity (ROE) of -6.85%. The next earnings report is expected on May 7, 2026.
Insider Buying and Selling at Open Lending Corporation
Recent insider transactions at Open Lending included activity by Todd Hart and Eric Feldstein. On June 3, 2026, Todd Hart both sold and bought 13,933 shares, while Abhijit Chaudhary also conducted similar transactions with 14,943 shares on the same day. On May 21, 2026, Eric Feldstein executed both buying and selling of 76,530 shares.
Analysts Set New Price Targets
On June 26, 2026, DA Davidson downgraded Open Lending to a hold rating and set a price target of $3.15. The consensus among analysts remains a hold, with a mean target price of $2.46. Currently, there are four analyst opinions on the stock.
About Open Lending Corporation
Open Lending Corporation, headquartered in Austin, Texas, provides lending enablement and risk analytics solutions primarily for the financial services sector. The company offers a cloud-based automotive lending platform that assists credit unions, regional banks, and finance companies in the U.S. with loan analytics and credit default insurance. Open Lending's platform includes risk-based loan pricing, risk modeling, and automated decision technology, helping lenders manage and mitigate risk effectively.
Bottom Line
DA Davidson's downgrade of Open Lending Corporation to hold reflects the firm's updated view on the stock's potential. Investors often track such changes for insights into market sentiment. It's important to remember that analyst ratings are backward-looking and may not reflect the most current market conditions.
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