Offerpad Solutions (NYSE:OPAD) Rating Increased to Hold at Wall Street Zen

Key Points

• Offerpad Solutions has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a more favorable outlook for the company's stock.
• Keefe, Bruyette & Woods raised their target price for Offerpad Solutions from $1.00 to $1.15, with a consensus target price now set at $2.41.
• Despite a recent stock price increase of 2.2%, Offerpad Solutions reported a negative earnings per share (EPS) of ($0.40), missing estimates and indicating ongoing financial struggles.

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

Separately, Keefe, Bruyette & Woods upped their target price on shares of 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, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $2.41.

Offerpad Solutions Stock Up 2.2%

NYSE:OPAD opened at $4.53 on Friday. The company has a market capitalization of $138.50 million, a PE ratio of -2.20 and a beta of 2.40. Offerpad Solutions has a 52-week low of $0.91 and a 52-week high of $6.35. The stock's 50 day moving average price is $3.03 and its 200 day moving average price is $1.90.

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 return on equity of 132.77% and a negative net margin of 8.08%.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. As a group, sell-side analysts anticipate that Offerpad Solutions will post -2.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ieq Capital LLC acquired a new stake in Offerpad Solutions in the first quarter valued at $353,000. Northern Trust Corp grew its position in Offerpad Solutions by 22.1% during 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 period. Jane Street Group LLC acquired a new position in Offerpad Solutions during the second quarter worth about $44,000. Deutsche Bank AG purchased a new position in Offerpad Solutions in the fourth quarter valued at about $111,000. Finally, AQR Capital Management LLC boosted its stake in shares of Offerpad Solutions by 69.6% during 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. 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.

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.