Offerpad Solutions Inc. (NYSE:OPAD) Stake Boosted by Barclays PLC

Barclays PLC raised its stake in Offerpad Solutions Inc. (NYSE:OPAD) by 133.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 20,813 shares of the company’s stock after buying an additional 11,891 shares during the quarter. Barclays PLC’s holdings in Offerpad Solutions were worth $83,000 as of its most recent SEC filing.

Separately, Bank of New York Mellon Corp acquired a new stake in shares of Offerpad Solutions in the second quarter valued at approximately $111,000. 39.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on OPAD. JMP Securities reiterated a “market outperform” rating and set a $4.50 price target on shares of Offerpad Solutions in a research report on Monday, December 16th. Keefe, Bruyette & Woods decreased their target price on shares of Offerpad Solutions from $3.75 to $3.15 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group lowered their target price on shares of Offerpad Solutions from $3.50 to $3.00 and set a “hold” rating on the stock in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.13.

Offerpad Solutions Stock Down 5.1 %

Shares of OPAD stock opened at $2.58 on Friday. The stock has a 50-day simple moving average of $3.69 and a 200 day simple moving average of $3.78. The stock has a market capitalization of $70.62 million, a P/E ratio of -1.17 and a beta of 2.25. Offerpad Solutions Inc. has a fifty-two week low of $2.56 and a fifty-two week high of $10.03.

Offerpad Solutions (NYSE:OPAD) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.05). Offerpad Solutions had a negative return on equity of 72.88% and a negative net margin of 6.12%. The business had revenue of $208.07 million during the quarter, compared to analyst estimates of $205.17 million. During the same period in the prior year, the firm earned ($0.73) EPS. On average, sell-side analysts anticipate that Offerpad Solutions Inc. will post -2.16 earnings per share for the current year.

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.