Offerpad Solutions (NYSE:OPAD) Downgraded by Wall Street Zen to "Sell"

Key Points

• Offerpad Solutions has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, reflecting concerns about its financial performance.
• The company reported a Q2 earnings miss, with earnings per share at ($0.40), falling short of expectations by $0.01, and revenues of $160.30 million below forecasts.
• Institutional investors control approximately 39.44% of Offerpad's stock, with several recently increasing their stakes in the company.

Offerpad Solutions (NYSE:OPAD - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Other research analysts have also issued research reports about the company. Weiss Ratings reiterated a "sell (e+)" rating on shares of Offerpad Solutions in a research report on Wednesday. Keefe, Bruyette & Woods raised their price objective on Offerpad Solutions from $1.00 to $1.15 and gave the company a "market perform" rating in a report on Tuesday, August 12th. Six analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $2.41.

Offerpad Solutions Price Performance

Shares of NYSE:OPAD opened at $2.86 on Friday. Offerpad Solutions has a 1 year low of $0.91 and a 1 year high of $6.35. The firm has a market capitalization of $87.32 million, a price-to-earnings ratio of -1.39 and a beta of 2.34. The business's 50 day moving average price is $3.41 and its 200-day moving average price is $2.04.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in Offerpad Solutions in the 1st quarter valued at $32,000. AQR Capital Management LLC increased its stake in shares of 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 during the last quarter. Jane Street Group LLC acquired a new stake in shares of Offerpad Solutions in the 2nd quarter worth $44,000. Finally, Ieq Capital LLC acquired a new stake in shares of Offerpad Solutions in the 1st quarter worth $353,000. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.