DA Davidson Reiterates Buy Rating on Open Lending (LPRO)

DA Davidson analyst Peter Heckmann reiterated a Buy rating and $3.00 price target on Open Lending (NASDAQ: LPRO).

The analyst commented, "Open Lending announced a definitive agreement to sell the company to an independent, global insurance intermediary platform, ANV Group Holdings Ltd. for $3.15 per share through an all-cash tender offer. The deal represents an enterprise value of approximately $294M and just over 8.0 times our 2027 adjusted EBITDA forecast of $36.3M...We will be looking to company documents for additional details over the next few days, including any potential for entertaining alternative offers."

For an analyst ratings summary and ratings history on Open Lending click here. For more ratings news on Open Lending click here.

Shares of Open Lending closed at $3.11 yesterday.

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