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

Offerpad Solutions Inc. (NYSE:OPAD) was the recipient of unusually large options trading activity on Thursday. Traders acquired 15,389 call options on the stock. This represents an increase of approximately 191% compared to the typical volume of 5,282 call options.

Institutional Investors Weigh In On Offerpad Solutions

Several large investors have recently modified their holdings of the company. Northern Trust Corp grew its holdings in Offerpad Solutions by 22.1% in the fourth quarter. Northern Trust Corp now owns 95,866 shares of the company’s stock worth $273,000 after purchasing an additional 17,322 shares during the period. Jane Street Group LLC bought a new stake in Offerpad Solutions in the fourth quarter worth about $34,000. Deutsche Bank AG bought a new stake in Offerpad Solutions in the fourth quarter worth about $111,000. XTX Topco Ltd bought a new stake in Offerpad Solutions in the first quarter worth about $32,000. Finally, Ieq Capital LLC purchased a new position in shares of Offerpad Solutions in the first quarter worth about $353,000. 39.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OPAD has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Offerpad Solutions to a “sell” rating in a research report on Friday, August 22nd. Keefe, Bruyette & Woods boosted their price target on shares of Offerpad Solutions from $1.00 to $1.15 and gave the stock a “market perform” rating in a research report on Tuesday, August 12th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $2.41.

Offerpad Solutions Stock Performance

OPAD stock opened at $4.98 on Friday. The company has a fifty day moving average price of $2.41 and a 200-day moving average price of $1.71. The company has a market capitalization of $152.29 million, a P/E ratio of -2.42 and a beta of 2.40. Offerpad Solutions has a 52-week low of $0.91 and a 52-week high of $6.35.

Offerpad Solutions (NYSE:OPAD) last released its quarterly earnings results on Monday, August 4th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.01). The business had revenue of $160.30 million for the quarter, compared to the consensus estimate of $178.91 million. Offerpad Solutions had a negative net margin of 8.08% and a negative return on equity of 132.77%. Offerpad Solutions has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Offerpad Solutions will post -2.16 earnings per share for the current fiscal year.

About Offerpad Solutions

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.