Northland Securities Remains a Buy on Open Lending (LPRO)

In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on Open Lending (LPRO – Research Report), with a price target of $10.00. The company’s shares closed yesterday at $5.29.

According to TipRanks, Grondahl is a 5-star analyst with an average return of 9.3% and a 47.52% success rate. Grondahl covers the Financial sector, focusing on stocks such as Lendingtree, Riot Platforms, and WisdomTree.

In addition to Northland Securities, Open Lending also received a Buy from JMP Securities’s David Scharf in a report issued today. However, yesterday, Canaccord Genuity maintained a Hold rating on Open Lending (NASDAQ: LPRO).

Based on Open Lending’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $26.01 million and a net profit of $3 million. In comparison, last year the company earned a revenue of $50.66 million and had a net profit of $24.53 million

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Open Lending (LPRO) Company Description:

nebula Acquisition Corp. operates as a blank check company. It engages in the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on October 2, 2017 and is headquartered in San Francisco, CA.