Offerpad Solutions Sees Unusually Large Options Volume (NYSE:OPAD)

Key Points

• Offerpad Solutions experienced a significant increase in options trading, with a volume of 15,389 call options, up 191% from the average daily volume.
• The stock's price rose to $4.12, with a trading volume of over 8.6 million shares, exceeding its average volume significantly.
• Analysts currently hold a "Hold" rating on the stock, with a consensus price target of $2.41 amidst challenges like a reported EPS of ($0.40), missing estimates.

Offerpad Solutions Inc. (NYSE:OPAD - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Stock investors purchased 15,389 call options on the company. This represents an increase of approximately 191% compared to the average daily volume of 5,282 call options.

Offerpad Solutions Price Performance

OPAD traded up $0.01 during trading on Tuesday, reaching $4.28. The company had a trading volume of 2,002,867 shares, compared to its average volume of 3,266,760. Offerpad Solutions has a 12 month low of $0.91 and a 12 month high of $6.35. The business's fifty day moving average price is $2.53 and its 200 day moving average price is $1.73. The company has a market cap of $130.88 million, a P/E ratio of -2.08 and a beta of 2.37.

Offerpad Solutions (NYSE:OPAD - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported ($0.40) earnings per share 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 company had revenue of $160.30 million during the quarter, compared to the consensus estimate of $178.91 million. Offerpad Solutions has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Offerpad Solutions will post -2.16 EPS for the current fiscal year.

Institutional Trading of Offerpad Solutions

A number of institutional investors have recently made changes to their positions in the business. Ieq Capital LLC bought a new stake in shares of Offerpad Solutions in the first quarter worth $353,000. Northern Trust Corp lifted its position 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 purchasing an additional 17,322 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Offerpad Solutions in the second quarter worth $44,000. Deutsche Bank AG bought a new stake in shares of Offerpad Solutions in the fourth quarter worth $111,000. Finally, AQR Capital Management LLC lifted its position in shares of Offerpad Solutions by 69.6% in the first quarter. AQR Capital Management LLC now owns 24,308 shares of the company's stock worth $40,000 after purchasing an additional 9,979 shares in the last quarter. Institutional investors own 39.44% of the company's stock.

Wall Street Analysts Forecast Growth

OPAD has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Offerpad Solutions to a "sell" rating in a report on Friday, August 22nd. Keefe, Bruyette & Woods boosted their price objective 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 investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Offerpad Solutions presently has a consensus rating of "Hold" and an average target price of $2.41.

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.