According to Zacks, “OfferPad Inc. provide tech-enabled platform for buying and selling residential real estate. OfferPad Inc., formerly known as Supernova Partners Acquisition Company Inc., is based in CHANDLER, Ariz. “
Other equities analysts have also recently issued research reports about the stock. Berenberg Bank began coverage on shares of Offerpad Solutions in a report on Tuesday, January 11th. They issued a “buy” rating and a $7.00 price target on the stock. Keefe, Bruyette & Woods initiated coverage on Offerpad Solutions in a research report on Monday, February 14th. They set a “market perform” rating and a $15.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on Offerpad Solutions in a research report on Wednesday, March 30th. They issued a “neutral” rating and a $6.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of 9.50.
Offerpad Solutions (NYSE:OPAD – Get Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The company reported 0.05 EPS for the quarter, beating analysts’ consensus estimates of -0.09 by 0.14. The business had revenue of 867.54 million for the quarter, compared to analysts’ expectations of 673.50 million. On average, equities research analysts forecast that Offerpad Solutions will post -0.14 earnings per share for the current year.
In other Offerpad Solutions news, Director Ryan Ohara acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 8th. The shares were acquired at an average price of 4.17 per share, with a total value of 41,700.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth D. Degiorgio acquired 25,000 shares of the business’s stock in a transaction on Friday, March 11th. The stock was acquired at an average price of 3.98 per share, for a total transaction of 99,500.00. The disclosure for this purchase can be found here.
A number of large investors have recently made changes to their positions in OPAD. LL Funds LLC purchased a new position in Offerpad Solutions in the fourth quarter worth about $641,600,000. Luxor Capital Group LP lifted its position in Offerpad Solutions by 27.9% in the 4th quarter. Luxor Capital Group LP now owns 4,237,558 shares of the company’s stock valued at $27,120,000 after acquiring an additional 923,143 shares in the last quarter. Ulysses Management LLC boosted its stake in Offerpad Solutions by 6.0% during the 4th quarter. Ulysses Management LLC now owns 3,335,796 shares of the company’s stock valued at $21,349,000 after purchasing an additional 189,066 shares during the last quarter. Weiss Asset Management LP bought a new stake in Offerpad Solutions in the 3rd quarter worth about $8,720,000. Finally, Islet Management LP purchased a new position in Offerpad Solutions in the 3rd quarter worth about $6,664,000. Institutional investors and hedge funds own 51.71% of the company’s stock.
Offerpad Solutions Company Profile (Get Rating)
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 provides customer-centric experience, which enables them to sell and buy homes online with streamlined access to ancillary services, such as mortgage and title insurance services.
- Get a free copy of the StockNews.com research report on Offerpad Solutions (OPAD)
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