Offerpad Solutions (NYSE:OPAD) PT Lowered to $3.00

Offerpad Solutions (NYSE:OPAD) 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.

Offerpad Solutions Stock Performance

Shares of OPAD stock opened at $2.83 on Tuesday. Offerpad Solutions has a 52-week low of $2.57 and a 52-week high of $11.22. The company has a market capitalization of $77.20 million, a PE ratio of -1.16 and a beta of 1.82. The business’s fifty day moving average is $3.64 and its 200 day moving average is $4.73.

Offerpad Solutions (NYSE:OPAD) 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) 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.