Offerpad Solutions Inc. (NYSE:OPAD) Receives Average Rating of “Hold” from Analysts

Shares of Offerpad Solutions Inc. (NYSE:OPAD) have been given a consensus rating of “Hold” by the six analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $9.83.

A number of analysts have recently weighed in on OPAD shares. Keefe, Bruyette & Woods cut their target price on Offerpad Solutions from $6.25 to $6.00 and set an “underperform” rating for the company in a research report on Wednesday, May 8th. The Goldman Sachs Group cut their target price on Offerpad Solutions from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Finally, JMP Securities cut their target price on Offerpad Solutions from $12.00 to $9.00 and set a “market outperform” rating for the company in a research report on Tuesday, May 7th.

Offerpad Solutions Price Performance

OPAD opened at $4.42 on Monday. The business has a fifty day simple moving average of $5.81 and a 200 day simple moving average of $7.70. The company has a market capitalization of $120.58 million, a PE ratio of -1.60 and a beta of 1.85. Offerpad Solutions has a 1 year low of $3.83 and a 1 year high of $15.19.

Offerpad Solutions (NYSE:OPAD) last released its quarterly earnings results on Monday, May 6th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.28). The firm had revenue of $285.36 million during the quarter, compared to the consensus estimate of $272.07 million. Offerpad Solutions had a negative net margin of 7.60% and a negative return on equity of 69.44%. Equities analysts anticipate that Offerpad Solutions will post -1.6 earnings per share for the current fiscal year.

Insider Transactions at Offerpad Solutions

In other Offerpad Solutions news, Director Roberto Marco Sella purchased 7,698 shares of the stock in a transaction dated Friday, June 14th. The stock was bought at an average price of $4.90 per share, with a total value of $37,720.20. Following the acquisition, the director now owns 3,138,883 shares of the company’s stock, valued at $15,380,526.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Brian Bair bought 40,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was acquired at an average price of $5.48 per share, with a total value of $219,200.00. Following the acquisition, the chief executive officer now directly owns 852,867 shares in the company, valued at $4,673,711.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Roberto Marco Sella bought 7,698 shares of the stock in a transaction on Friday, June 14th. The stock was purchased at an average cost of $4.90 per share, with a total value of $37,720.20. Following the acquisition, the director now owns 3,138,883 shares in the company, valued at $15,380,526.70. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 97,717 shares of company stock valued at $500,996. Corporate insiders own 43.40% of the company’s stock.

Hedge Funds Weigh In On Offerpad Solutions

An institutional investor recently bought a new position in Offerpad Solutions stock. Cerity Partners LLC bought a new position in Offerpad Solutions Inc. (NYSE:OPAD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 23,396 shares of the company’s stock, valued at approximately $240,000. Cerity Partners LLC owned approximately 0.09% of Offerpad Solutions as of its most recent SEC filing. 39.44% of the stock is owned by institutional investors and hedge funds.

Offerpad Solutions Company Profile

Offerpad Solutions Inc, together with its subsidiaries, provides technology-enabled solutions for residential real estate market in the United States. It operates iBuying, a real estate solutions platform for on-demand customer that provides home buyers the opportunity to browse and tour homes online.