Traders Buy High Volume of Call Options on Offerpad Solutions (NYSE:OPAD)

Offerpad Solutions Inc. (NYSE:OPAD) saw unusually large options trading activity on Monday. Traders acquired 66,530 call options on the company. Thisrepresentsanincreaseofapproximately5,331% compared to the average volume of 1,225 call options.

Analyst Ratings Changes

A number of research firms have recently weighed in on OPAD. Citigroup lowered Offerpad Solutions to a “market perform” rating in a report on Tuesday, May 6th. Citizens Jmp lowered Offerpad Solutions from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 6th. Wall Street Zen raised shares of Offerpad Solutions to a “sell” rating in a report on Friday. The Goldman Sachs Group reduced their target price on shares of Offerpad Solutions from $2.00 to $1.00 and set a “neutral” rating for the company in a research note on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Offerpad Solutions from $1.00 to $1.15 and gave the company a “market perform” rating in a research report on Tuesday, August 12th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OPAD. Jane Street Group LLC purchased a new stake in Offerpad Solutions during the fourth quarter valued at about $34,000. XTX Topco Ltd purchased a new position in shares of Offerpad Solutions in the first quarter worth about $32,000. AQR Capital Management LLC raised its position in shares of Offerpad Solutions by 69.6% in the first 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 period. JPMorgan Chase & Co. lifted its stake in shares of Offerpad Solutions by 161.6% during the 4th quarter. JPMorgan Chase & Co. now owns 28,173 shares of the company’s stock valued at $80,000 after buying an additional 17,404 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in Offerpad Solutions in the 4th quarter worth approximately $111,000. Institutional investors own 39.44% of the company’s stock.

Offerpad Solutions Stock Up 133.4%

OPAD opened at $3.5945 on Tuesday. Offerpad Solutions has a twelve month low of $0.91 and a twelve month high of $5.13. The company’s 50-day moving average price is $1.45 and its two-hundred day moving average price is $1.48. The stock has a market cap of $109.92 million, a price-to-earnings ratio of -1.74 and a beta of 2.16.

Offerpad Solutions (NYSE:OPAD) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.01). Offerpad Solutions had a negative return on equity of 132.77% and a negative net margin of 8.08%.The company had revenue of $160.30 million during the quarter, compared to the consensus estimate of $178.91 million. Offerpad Solutions has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Offerpad Solutions 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.