Offerpad Solutions Inc. (NYSE:OPAD) Given Average Rating of “Hold” by Brokerages

Offerpad Solutions Inc. (NYSE:OPADGet Free Report) has received a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $11.40.

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lowered their target price on shares of Offerpad Solutions from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. JPMorgan Chase & Co. decreased their price target on shares of Offerpad Solutions from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th.

Read Our Latest Research Report on Offerpad Solutions

Offerpad Solutions Stock Up 3.7 %

Shares of OPAD opened at $8.75 on Tuesday. The company’s fifty day moving average is $9.25 and its 200-day moving average is $9.48. Offerpad Solutions has a 12 month low of $6.00 and a 12 month high of $15.19. The firm has a market cap of $238.26 million, a price-to-earnings ratio of -1.87 and a beta of 2.09.

Offerpad Solutions (NYSE:OPADGet Free Report) last posted its earnings results on Monday, February 26th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.15). Offerpad Solutions had a negative net margin of 8.92% and a negative return on equity of 93.45%. The firm had revenue of $240.46 million during the quarter, compared to analyst estimates of $256.60 million. During the same quarter in the previous year, the business posted ($7.35) earnings per share. As a group, research analysts predict that Offerpad Solutions will post -0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Offerpad Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in OPAD. Bank of New York Mellon Corp bought a new position in shares of Offerpad Solutions during the 1st quarter worth about $161,000. Citigroup Inc. bought a new position in shares of Offerpad Solutions during the 1st quarter worth about $42,000. Cetera Investment Advisers bought a new position in shares of Offerpad Solutions during the 1st quarter worth about $103,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Offerpad Solutions by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 358,937 shares of the company’s stock worth $1,806,000 after acquiring an additional 8,859 shares during the period. Finally, Invesco Ltd. bought a new position in shares of Offerpad Solutions during the 1st quarter worth about $334,000.

Offerpad Solutions Company Profile

(Get Free Report

Offerpad Solutions Inc, together with its subsidiaries, engages in buying, selling, renting, and renovating properties to homeowners in the United States. It operates iBuying, a real estate solutions platform for on-demand customer. The company's platform enables customers to sell and buy homes online with streamlined access to ancillary services, such as mortgage and title insurance services.

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Analyst Recommendations for Offerpad Solutions (NYSE:OPAD)

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