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

Shares of Offerpad Solutions Inc. (NYSE:OPAD) have been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $2.2875.

A number of equities analysts have recently commented on OPAD shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Offerpad Solutions in a report on Friday, October 31st. Alliance Global Partners started coverage on shares of Offerpad Solutions in a research report on Thursday, December 11th. They set a “buy” rating and a $3.50 price objective on the stock. Industrial Alliance Securities set a $3.50 price objective on shares of Offerpad Solutions in a research note on Thursday, December 11th. Finally, Wall Street Zen upgraded shares of Offerpad Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th.

Offerpad Solutions Stock Down 2.3%

OPAD opened at $1.49 on Thursday. Offerpad Solutions has a one year low of $0.91 and a one year high of $6.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.28 and a current ratio of 1.32. The stock has a market capitalization of $54.74 million, a P/E ratio of -0.77 and a beta of 2.31. The business’s 50-day simple moving average is $2.17 and its 200-day simple moving average is $2.34.

Offerpad Solutions (NYSE:OPAD) last announced its earnings results on Monday, November 3rd. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.05). The firm had revenue of $132.68 million during the quarter, compared to analyst estimates of $173.01 million. Offerpad Solutions had a negative net margin of 8.74% and a negative return on equity of 147.32%. Analysts anticipate that Offerpad Solutions will post -2.16 EPS for the current year.

Institutional Trading of Offerpad Solutions

A number of hedge funds have recently added to or reduced their stakes in OPAD. AQR Capital Management LLC grew its stake in shares of Offerpad Solutions by 69.6% in the 1st quarter. AQR Capital Management LLC now owns 24,308 shares of the company’s stock valued at $40,000 after purchasing an additional 9,979 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Offerpad Solutions during the second quarter worth $44,000. Tudor Investment Corp ET AL purchased a new position in Offerpad Solutions in the 3rd quarter valued at $79,000. Monograph Wealth Advisors LLC purchased a new position in Offerpad Solutions in the 3rd quarter valued at $248,000. Finally, Ieq Capital LLC acquired a new position in Offerpad Solutions in the 1st quarter valued at $353,000. 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.