5 Best Stocks to Make Money

4. Open Lending Corporation (NASDAQ:LPRO)

Number of Hedge Fund Holders: 24

Open Lending Corporation (NASDAQ:LPRO) provides risk analytics solutions. The stock has soared in recent weeks after reports that Stellantis, an automotive firm, had acquired First Investor Financial Services. Open Lending had established a partnership with First Investor in the third quarter that will likely lead to a huge new opportunity for the firm if it can extend it to Stellantis as a whole.

Raymond James analyst John Davis recently maintained a Strong Buy rating on Open Lending Corporation (NASDAQ:LPRO) stock with a price target of $52, noting that the rumored Stellantis deal would boost earnings of the company by 80%. 

Among the hedge funds being tracked by Insider Monkey, New York-based firm Washington Harbour Partners is a leading shareholder in Open Lending Corporation (NASDAQ:LPRO) with 2.1 million shares worth more than $91 million.