Ieq Capital LLC Takes $353,000 Position in Offerpad Solutions Inc. $OPAD

Key Points

• Ieq Capital LLC acquired 212,504 shares of Offerpad Solutions Inc., valued at approximately $353,000, representing about 0.77% of the company's stock.
• Offerpad Solutions stock has increased by 6.0% and currently trades at $5.18, with a market capitalization of $158.25 million.
• Despite a high overall ownership by institutional investors at 39.44%, Offerpad reported a negative earnings surprise for its latest quarter, missing estimates due to lower revenue than expected.

Ieq Capital LLC purchased a new position in Offerpad Solutions Inc. (NYSE:OPAD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 212,504 shares of the company's stock, valued at approximately $353,000. Ieq Capital LLC owned about 0.77% of Offerpad Solutions at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. XTX Topco Ltd bought a new stake in shares of Offerpad Solutions in the first quarter worth $32,000. Jane Street Group LLC bought a new stake in shares of Offerpad Solutions in the fourth quarter worth $34,000. Deutsche Bank AG bought a new stake in shares of Offerpad Solutions in the fourth quarter worth $111,000. Finally, Northern Trust Corp increased its stake in shares of Offerpad Solutions by 22.1% in the fourth quarter. Northern Trust Corp now owns 95,866 shares of the company's stock worth $273,000 after buying an additional 17,322 shares during the last quarter. Institutional investors own 39.44% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on OPAD shares. Keefe, Bruyette & Woods lifted their price target on shares of Offerpad Solutions from $1.00 to $1.15 and gave the stock a "market perform" rating in a research note on Tuesday, August 12th. Wall Street Zen upgraded shares of Offerpad Solutions to a "sell" rating in a research note on Friday, August 22nd. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Offerpad Solutions currently has a consensus rating of "Hold" and an average target price of $2.41.

Offerpad Solutions Trading Up 29.4%

Offerpad Solutions stock traded up $1.13 during mid-day trading on Thursday, reaching $4.98. The company's stock had a trading volume of 37,526,671 shares, compared to its average volume of 22,588,604. The firm has a market cap of $152.29 million, a price-to-earnings ratio of -2.42 and a beta of 2.40. The business has a 50 day moving average price of $2.41 and a 200-day moving average price of $1.71. Offerpad Solutions Inc. has a twelve month low of $0.91 and a twelve month high of $6.35.

Offerpad Solutions (NYSE:OPAD - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.40) EPS for the quarter, missing analysts' consensus estimates of ($0.39) by ($0.01). The business had revenue of $160.30 million during the quarter, compared to analyst estimates of $178.91 million. Offerpad Solutions had a negative return on equity of 132.77% and a negative net margin of 8.08%. Offerpad Solutions has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Offerpad Solutions Inc. will post -2.16 EPS for the current fiscal year.

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.