DA Davidson Reiterates Buy Rating on Open Lending
DA Davidson maintains its 'buy' rating for Open Lending with a $3.00 target, a 3.85% downside from the current price.
Key Points
- DA Davidson reiterated its 'buy' rating on Open Lending Corporation (LPRO) with a target price of $3.00 as of June 17, 2026.
- DA Davidson's $3 price target implies 3.85% downside from Open Lending Corporation's ($LPRO) current $3.12 share price.
- Open Lending's stock is trading at $3.11 on the NasdaqGM, with a market cap of approximately $367.1 million.
- Institutional activity includes TRUE WIND CAPITAL maintaining its position, while PORTOLAN CAPITAL increased its shares by 2.17 million.
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DA Davidson has reiterated its 'buy' rating on Open Lending Corporation (NasdaqGM: LPRO) with a target price of $3.00. This decision, made by analyst Peter Heckmann on June 17, 2026, comes as the stock trades around $3.11.
Other Institutional Activity in Open Lending
In recent institutional activity, TRUE WIND CAPITAL MANAGEMENT, L.P. held steady with 7,545,144 shares valued at about $9.43 million. BLACKROCK, INC. trimmed its position slightly by 107,534 shares, leaving it with 7,369,885 shares worth approximately $9.21 million. WASATCH ADVISORS LP boosted its holdings by 716,509 shares, reaching a total of 7,054,107 shares valued at $8.82 million. PORTOLAN CAPITAL MANAGEMENT, LLC made a significant increase of 2,166,258 shares, bringing its total to 6,902,888 shares worth about $8.63 million.
Open Lending Stock Snapshot
Shares of Open Lending Corporation (NasdaqGM: LPRO) are trading near $3.11. The company holds a market cap of around $367.1 million, with a forward P/E ratio of 16.34 and a beta of 2.271. The stock has seen a 52-week low of $1.18 and a high of $3.13. Its 50-day moving average is $1.94, while the 200-day moving average stands at $1.79. The company's current ratio is 4.439, and its quick ratio is 4.083, though it carries 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 reported revenue of $89.32 million, experiencing a revenue decline of 16%. The company is not currently profitable, as indicated by its negative EPS of -$0.05 and net margin of -5.95%. The return on equity is also negative at -6.85%. The next earnings report is expected on August 5, 2026.
Insider Buying and Selling at Open Lending Corporation
Insider activity includes various transactions, with Todd Hart and Abhijit Chaudhary both buying and selling 13,933 and 14,943 shares, respectively, on June 3, 2026. Eric Feldstein also participated in the market, buying and selling 76,530 shares on May 21, 2026.
Analysts Set New Price Targets
On June 17, 2026, DA Davidson maintained its 'buy' rating for Open Lending with a price target of $3.00. Canaccord Genuity has a 'hold' rating with a target of $2.00, as of March 17, 2026. The consensus among four analysts is a 'hold' with an average target price of $2.46.
About Open Lending Corporation
Open Lending Corporation, headquartered in Austin, Texas, provides lending enablement and risk analytics solutions. It serves credit unions, regional banks, finance companies, and automakers' captive finance companies across the U.S. The company's cloud-based platform, Lenders Protection Platform (LPP), offers loan analytics, risk-based pricing, and automated credit default insurance issuance.
Bottom Line
DA Davidson's reiteration of a 'buy' rating reflects continued optimism about Open Lending's prospects, despite current market challenges. Shares of Open Lending are trading near the lower end of their 52-week range, and the company's financial metrics highlight areas for potential improvement. As with all 13F filings and analyst ratings, these insights are backward-looking and should be considered as part of a broader investment evaluation.
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