Brian Bair Buys 122,920 Shares of Offerpad Solutions (NYSE:OPAD) Stock

Offerpad Solutions Inc. (NYSE:OPAD) CEO Brian Bair acquired 122,920 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was purchased at an average price of $0.79 per share, with a total value of $97,106.80. Following the acquisition, the chief executive officer owned 307,454 shares of the company’s stock, valued at approximately $242,888.66. This trade represents a 66.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Brian Bair also recently made the following trade(s):

• On Tuesday, June 2nd, Brian Bair acquired 125,000 shares of Offerpad Solutions stock. The stock was purchased at an average price of $0.82 per share, with a total value of $102,500.00.

Offerpad Solutions Price Performance

Shares of Offerpad Solutions stock traded down $0.12 during trading on Friday, hitting $0.62. The stock had a trading volume of 1,536,520 shares, compared to its average volume of 2,466,813. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.66 and a quick ratio of 0.69. The firm has a market cap of $29.38 million, a P/E ratio of -0.51 and a beta of 2.42. The business has a fifty day moving average of $0.73 and a two-hundred day moving average of $1.07. Offerpad Solutions Inc. has a fifty-two week low of $0.57 and a fifty-two week high of $6.35.

Offerpad Solutions (NYSE:OPAD) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.01. The business had revenue of $80.08 million during the quarter, compared to analyst estimates of $86.25 million. Offerpad Solutions had a negative return on equity of 112.51% and a negative net margin of 8.51%. On average, sell-side analysts expect that Offerpad Solutions Inc. will post -0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Offerpad Solutions in a report on Wednesday, May 27th. Keefe, Bruyette & Woods reduced their target price on Offerpad Solutions from $1.00 to $0.85 and set a “market perform” rating for the company in a report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Offerpad Solutions presently has an average rating of “Hold” and an average target price of $2.62.

Institutional Investors Weigh In On Offerpad Solutions

Hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC lifted its stake in Offerpad Solutions by 69.6% in 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. Tudor Investment Corp ET AL purchased a new stake in Offerpad Solutions in the 3rd quarter worth about $79,000. Barclays PLC lifted its stake in Offerpad Solutions by 190.5% in the 4th quarter. Barclays PLC now owns 33,345 shares of the company’s stock worth $40,000 after acquiring an additional 21,868 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Offerpad Solutions in the 4th quarter worth about $27,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Offerpad Solutions in the 4th quarter worth about $32,000. 39.44% of the stock is owned by hedge funds and other institutional investors.

Offerpad Solutions Company Profile

Offerpad Solutions, Inc, listed on the NYSE under the ticker OPAD, is a technology-driven real estate platform specializing in the direct purchase, renovation and resale of single-family homes. Since its founding in 2015 and headquartered in Chandler, Arizona, the company leverages proprietary data analytics and algorithms to deliver fast, all-cash offers and flexible closing timelines to homeowners in select markets across the United States.

The company’s core services include its Instant Offer program for home acquisitions, in-house renovation and repair services to prepare properties for resale, and a suite of ancillary offerings such as title and escrow, home trade-in solutions and mortgage origination through strategic partnerships.