** Lending platform Open Lending's LPRO.O shares slump 51.6% to $1.34, hitting record low
** LPRO late Monday reported Q4 loss vs Wall Street expectations of a profit
** Co has missed profit expectations for six straight quarters, per LSEG data
** LPRO also announced it had appointed Jessica Buss as its CEO effective immediately
** Co went public in New York in June 2020 through a $1.3 billion blank-check deal
** Jefferies says it looks to gradual performance improvement in the next quarters with the change in management and refocus of strategic priorities
** 5 of 9 brokerages rate the stock "buy" and 4 "hold"; median PT $7 - data compiled by LSEG
** LPRO stock down 77.5% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.