InvestorsObserver
×
News Home

Open Lending Corp Cl A Down 7.17% To $7.45 After Earnings Miss

Wednesday, February 28, 2024 01:58 PM | InvestorsObserver Analysts

Mentioned in this article

Open Lending Corp Cl A Down 7.17% To $7.45 After Earnings Miss

Open Lending Corp Cl A (LPRO) said after close Tuesday that it lost $0.04 per share in quarter four 2023.

On the revenue line, the company reported $14.9 million, missing estimates by $12.6 million.

In the same quarter a year ago, the company lost $0.03 per share on revenue of $26.8 million.

The stock is down 7.17% to $7.45 after the report.

Despite Open Lending Corp Cl A reporting a decline in revenues, earnings increased signaling a rise in profit margins.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Open Lending Corp Cl A has performed a little above average during the past few months. Before the report, Open Lending Corp Cl A received a Long-Term Technical Rank by InvestorsObserver of 50, putting it in the top half of stocks. The firm set a 52-week low on November 8, 2023 at $4.89 and set a 52-week high on May 10, 2023 at $11.99.

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.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App