In the preceding three months, 5 analysts have released ratings for Open Lending LPRO, presenting a wide array of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 1 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Open Lending, revealing an average target of $7.7, a high estimate of $9.00, and a low estimate of $7.00. This current average reflects an increase of 28.33% from the previous average price target of $6.00.
Investigating Analyst Ratings: An Elaborate Study
The analysis of recent analyst actions sheds light on the perception of Open Lending by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Joseph Vafi | Canaccord Genuity | Lowers | Hold | $7.00 | $7.50 |
| Joseph Vafi | Canaccord Genuity | Raises | Hold | $7.50 | $5.50 |
| Mayank Tandon | Needham | Maintains | Buy | $8.00 | - |
| James Faucette | Morgan Stanley | Raises | Equal-Weight | $7.00 | $4.00 |
| David Scharf | JMP Securities | Raises | Market Outperform | $9.00 | $7.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Open Lending. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Open Lending compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Open Lending's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Open Lending's market standing. Stay informed and make data-driven decisions with our Ratings Table.
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Delving into Open Lending's Background
Open Lending Corp is engaged in providing automated lending services to financial institutions. The company offers loan analytics, risk-based pricing, risk modeling, and automated decision technology. Its Lenders Protection Program ("LPP") enables automotive lenders to make loans that are largely insured against losses from defaults.
Understanding the Numbers: Open Lending's Finances
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Negative Revenue Trend: Examining Open Lending's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -44.3% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Open Lending's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -32.41%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Open Lending's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -2.3%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Open Lending's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -1.28%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a high debt-to-equity ratio of 0.72, Open Lending faces challenges in effectively managing its debt levels, indicating potential financial strain.
The Significance of Analyst Ratings Explained
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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