Open Lending Corp

Company Profile

Open Lending Corp had its IPO on 2018-03-06 under the ticker symbol LPRO.

The company operates in the Financial Services sector and Credit Services industry. Open Lending Corp has a staff strength of 180 employees.

Stock update

Shares of Open Lending Corp opened at $7.91 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $7.83 - $8.07, and closed at $8.06.

This is a +1.26% increase from the previous day's closing price.

A total volume of 477,090 shares were traded at the close of the day’s session.

In the last one week, shares of Open Lending Corp have slipped by -2.54%.

Open Lending Corp's Key Ratios

Open Lending Corp has a market cap of $998.17 million, indicating a price to book ratio of 3.725 and a price to sales ratio of 4.2882.

In the last 12-months Open Lending Corp’s revenue was $154.00 million with a gross profit of $159.63 million and an EBITDA of $66.77 million. The EBITDA ratio measures Open Lending Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Open Lending Corp’s operating margin was 42.46% while its return on assets stood at 10.84% with a return of equity of 20.74%.

In Q2, Open Lending Corp’s quarterly earnings growth was a negative -50% while revenue growth was a negative 26.7%.

Open Lending Corp’s PE and PEG Ratio

Forward PE

12.7389

Trailing PE

22.9722

PEG

Its diluted EPS in the last 12-months stands at $0.36 per share while it has a forward price to earnings multiple of 12.7389 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Open Lending Corp’s profitability.

Open Lending Corp stock is trading at a EV to sales ratio of 4.0097 and a EV to EBITDA ratio of 6.318. Its price to sales ratio in the trailing 12-months stood at 4.2882.

Open Lending Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$386.80 million

Total Liabilities

$17.97 million

Operating Cash Flow

$-508000.00

Capital Expenditure

$508000

Dividend Payout Ratio

0%

Open Lending Corp ended 2024 with $386.80 million in total assets and $0 in total liabilities. Its intangible assets were valued at $386.80 million while shareholder equity stood at $219.15 million.

Open Lending Corp ended 2024 with $0 in deferred long-term liabilities, $17.97 million in other current liabilities, 1282000.00 in common stock, $-191910000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $224.45 million and cash and short-term investments were $224.45 million. The company’s total short-term debt was $3,750,000 while long-term debt stood at $141.98 million.

Open Lending Corp’s total current assets stands at $284.51 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $51.74 million compared to accounts payable of $30000.00 and inventory worth $5.34 million.

In 2024, Open Lending Corp's operating cash flow was $-508000.00 while its capital expenditure stood at $508000.

Comparatively, Open Lending Corp paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$8.06

52-Week High

$11.99

52-Week Low

$5.35

Analyst Target Price

$11.5

Open Lending Corp stock is currently trading at $8.06 per share. It touched a 52-week high of $11.99 and a 52-week low of $11.99. Analysts tracking the stock have a 12-month average target price of $11.5.

Its 50-day moving average was $9.6 and 200-day moving average was $8.45 The short ratio stood at 4.95 indicating a short percent outstanding of 0%.

Around 576.2% of the company’s stock are held by insiders while 7953.7% are held by institutions.