Offerpad Solutions (NYSE:OPAD - Free Report) had its price target reduced by JMP Securities from $12.00 to $9.00 in a research report sent to investors on Tuesday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the stock.
Several other equities research analysts have also issued reports on OPAD. JPMorgan Chase & Co. reduced their price objective on shares of Offerpad Solutions from $10.00 to $9.00 and set a neutral rating for the company in a research note on Tuesday, February 27th. The Goldman Sachs Group dropped their target price on shares of Offerpad Solutions from $7.00 to $6.00 and set a neutral rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Offerpad Solutions currently has an average rating of Hold and an average price target of $10.60.
Get Our Latest Stock Report on Offerpad Solutions
Offerpad Solutions Stock Down 6.4 %
Shares of NYSE:OPAD traded down $0.46 during trading on Tuesday, reaching $6.80. 53,081 shares of the company traded hands, compared to its average volume of 24,832. The firm has a fifty day simple moving average of $7.76 and a 200 day simple moving average of $8.67. The firm has a market cap of $185.37 million, a P/E ratio of -1.46 and a beta of 2.01. Offerpad Solutions has a 1-year low of $6.54 and a 1-year high of $15.19.
Offerpad Solutions (NYSE:OPAD - Get Free Report) last released its quarterly earnings data on Monday, February 26th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.15). Offerpad Solutions had a negative net margin of 8.92% and a negative return on equity of 93.45%. The business had revenue of $240.46 million during the quarter, compared to analyst estimates of $256.60 million. During the same period in the previous year, the firm posted ($7.35) EPS. As a group, research analysts anticipate that Offerpad Solutions will post -0.69 EPS for the current year.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Offerpad Solutions stock. Citigroup Inc. raised its stake in shares of Offerpad Solutions Inc. (NYSE:OPAD - Free Report) by 60,888.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 21,956 shares of the company's stock after purchasing an additional 21,920 shares during the quarter. Citigroup Inc. owned 0.08% of Offerpad Solutions worth $214,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 39.44% of the company's stock.
Offerpad Solutions Company Profile
(
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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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