Offerpad Solutions Inc. (NYSE:OPAD) Receives Consensus Rating of “Hold” from Analysts

Shares of Offerpad Solutions Inc. (NYSE:OPAD) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $2.2875.

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

Institutional Trading of Offerpad Solutions

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its position in shares of Offerpad Solutions by 69.6% during the 1st quarter. AQR Capital Management LLC now owns 24,308 shares of the company’s stock worth $40,000 after acquiring an additional 9,979 shares in the last quarter. Jane Street Group LLC purchased a new position in Offerpad Solutions in the second quarter valued at approximately $44,000. Tudor Investment Corp ET AL acquired a new stake in Offerpad Solutions during the third quarter worth approximately $79,000. Monograph Wealth Advisors LLC purchased a new stake in shares of Offerpad Solutions during the 3rd quarter worth approximately $248,000. Finally, Ieq Capital LLC purchased a new stake in shares of Offerpad Solutions during the 1st quarter worth approximately $353,000. Hedge funds and other institutional investors own 39.44% of the company’s stock.

Offerpad Solutions Stock Down 2.3%

Shares of NYSE OPAD opened at $1.49 on Thursday. The company has a quick ratio of 0.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $2.17 and its two-hundred day moving average is $2.34. Offerpad Solutions has a 52-week low of $0.91 and a 52-week high of $6.35. The firm has a market cap of $54.74 million, a price-to-earnings ratio of -0.77 and a beta of 2.31.

Offerpad Solutions (NYSE:OPAD) last released its quarterly earnings results on Monday, November 3rd. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.05). The firm had revenue of $132.68 million for the quarter, compared to analysts’ expectations of $173.01 million. Offerpad Solutions had a negative return on equity of 147.32% and a negative net margin of 8.74%. Research analysts predict that Offerpad Solutions will post -2.16 EPS for the current 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.