Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Open Lending Corp before investing.

In this article, we go over a few key elements for understanding Open Lending Corp’s stock price such as:

• Open Lending Corp’s current stock price and volume
• Why Open Lending Corp’s stock price changed recently
• Upgrades and downgrades for LPRO from analysts
• LPRO’s stock price momentum as measured by its relative strength

About Open Lending Corp (LPRO)

Before we jump into Open Lending Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Open Lending Corporation is a provider of lending enablement and risk analytics to credit unions, regional banks, finance companies and the captive finance companies of automakers. The Company provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. It targets the financing needs of near-prime and non-prime borrowers, or borrowers with a credit bureau score generally between 560 and 699. Lenders Protection platform (LPP), the Company's flagship product, is a cloud-based automotive lending platform. LPP supports the full transaction lifecycle, including credit application, underwriting, real-time insurance approval, settlement, servicing, invoicing of insurance premiums and fees and advanced data analytics of the automotive lender's portfolio under the program. Its risk models project loan performance, including expected losses and prepayments, in arriving at the optimal rate. It serves around 454 active lenders.

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Open Lending Corp’s Stock Price as of Market Close

As of June 17, 2024, 4:00 PM, CST, Open Lending Corp’s stock price was $5.74.

Open Lending Corp is down 4.81% from its previous closing price of $6.03.

During the last market session, Open Lending Corp’s stock traded between $6.01 and $6.34. Currently, there are 118.93 million shares of Open Lending Corp stock available for purchase.

Open Lending Corp’s price-earnings (P/E) ratio is currently at 50.1, which is high compared to the Professional Information Services industry median of 33.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Open Lending Corp Stock Price History

Open Lending Corp’s (LPRO) price is currently down 11.28% so far this month.

During the month of June, Open Lending Corp’s stock price has reached a high of $6.97 and a low of $5.71.

Over the last year, Open Lending Corp has hit prices as high as $11.73 and as low as $4.57. Year to date, Open Lending Corp’s stock is down 14.96%.

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What Caused Open Lending Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 14, 2024, there were 6 analysts who downgraded Open Lending Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Open Lending Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Open Lending Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Open Lending Corp’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Open Lending Corp (LPRO) by visiting AAII Stock Evaluator.

Relative Price Strength of Open Lending Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 14, 2024, Open Lending Corp has a weighted four-quarter relative price strength of -16.73%, which translates to a Momentum Score of 22 and is considered to be Weak.

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Open Lending Corp Stock Price: Bottom Line

As of June 17, 2024, Open Lending Corp’s stock price is $5.74, which is down 4.81% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Open Lending Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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