Offerpad Solutions (NYSE:OPAD) Releases Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Offerpad Solutions (NYSE:OPAD) issued its quarterly earnings results on Monday. The company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.15), Zacks reports. Offerpad Solutions had a negative return on equity of 72.88% and a negative net margin of 6.12%. Offerpad Solutions updated its Q1 2025 guidance to EPS.

Offerpad Solutions Stock Down 2.9 %

NYSE OPAD traded down $0.07 during trading on Monday, reaching $2.18. 119,732 shares of the stock traded hands, compared to its average volume of 49,283. The firm has a market cap of $59.53 million, a price-to-earnings ratio of -0.99 and a beta of 2.22. The stock’s 50-day moving average price is $2.69 and its 200 day moving average price is $3.34. Offerpad Solutions has a fifty-two week low of $2.08 and a fifty-two week high of $9.30.

Analyst Ratings Changes

OPAD has been the subject of several analyst reports. Keefe, Bruyette & Woods lowered their price target on shares of Offerpad Solutions from $3.75 to $3.15 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. JMP Securities reiterated a “market outperform” rating and set a $4.50 price target on shares of Offerpad Solutions in a research report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $5.13.

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.