Offerpad Solutions’ (OPAD) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d-) rating on shares of Offerpad Solutions (NYSE:OPAD) in a report released on Friday morning,Weiss Ratings reports.

Several other research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Offerpad Solutions from $1.00 to $1.15 and gave the company a “market perform” rating in a report on Tuesday, August 12th. Wall Street Zen cut shares of Offerpad Solutions from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $2.22.

Offerpad Solutions Price Performance

Offerpad Solutions stock opened at $2.33 on Friday. The firm has a 50 day simple moving average of $3.85 and a 200-day simple moving average of $2.17. The stock has a market capitalization of $71.37 million, a PE ratio of -1.13 and a beta of 2.30. Offerpad Solutions has a 12-month low of $0.91 and a 12-month high of $6.35.

Offerpad Solutions (NYSE:OPAD) last posted its quarterly earnings data 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 company had revenue of $160.30 million during 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%. On average, analysts forecast that Offerpad Solutions will post -2.16 earnings per share for the current fiscal year.

Institutional Trading of Offerpad Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in OPAD. Ieq Capital LLC acquired a new stake in Offerpad Solutions during the first quarter valued at approximately $353,000. Jane Street Group LLC purchased a new stake in shares of Offerpad Solutions in the 2nd quarter valued at approximately $44,000. XTX Topco Ltd purchased a new stake in shares of Offerpad Solutions in the 1st quarter valued at approximately $32,000. Finally, AQR Capital Management LLC lifted its position 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 acquiring an additional 9,979 shares in the last quarter. 39.44% of the stock is owned by institutional investors and hedge funds.

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.