Offerpad Solutions (NYSE:OPAD – Free Report) had its price target lowered by Jefferies Financial Group from $3.50 to $3.00 in a research note published on Tuesday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.
Other equities research analysts also recently issued research reports about the company. JMP Securities lowered their price target on Offerpad Solutions from $9.00 to $5.50 and set a “market outperform” rating on the stock in a research report on Tuesday, August 6th. Keefe, Bruyette & Woods upgraded Offerpad Solutions from an “underperform” rating to a “market perform” rating and lowered their price target for the company from $6.00 to $3.75 in a research report on Tuesday, August 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Offerpad Solutions presently has a consensus rating of “Hold” and a consensus price target of $5.45.
Get Our Latest Analysis on OPAD
Offerpad Solutions Stock Performance
Offerpad Solutions (NYSE:OPAD – Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.10). Offerpad Solutions had a negative net margin of 6.60% and a negative return on equity of 70.12%. The firm had revenue of $251.12 million for the quarter, compared to analysts’ expectations of $290.00 million. During the same quarter in the previous year, the business earned ($0.84) EPS. On average, sell-side analysts forecast that Offerpad Solutions will post -2.01 EPS for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Offerpad Solutions stock. Bank of New York Mellon Corp acquired a new position in Offerpad Solutions Inc. (NYSE:OPAD – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 25,034 shares of the company’s stock, valued at approximately $111,000. Bank of New York Mellon Corp owned 0.09% of Offerpad Solutions at the end of the most recent quarter. Institutional investors and hedge funds own 39.44% of the company’s stock.
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.
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