Traders Purchase High Volume of Offerpad Solutions Call Options (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 target of unusually large options trading on Thursday. Stock investors bought 15,389 call options on the stock. This represents an increase of approximately 191% compared to the average daily volume of 5,282 call options.

Wall Street Analyst Weigh In

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

Offerpad Solutions Stock Down 14.0%

Offerpad Solutions stock traded down $0.70 during midday trading on Friday, reaching $4.30. 8,556,657 shares of the stock traded hands, compared to its average volume of 24,403,534. The stock has a market cap of $131.51 million, a P/E ratio of -2.09 and a beta of 2.40. Offerpad Solutions has a 12 month low of $0.91 and a 12 month high of $6.35. The stock's fifty day moving average is $2.47 and its 200-day moving average is $1.72.

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 the consensus estimate of ($0.39) by ($0.01). The firm had revenue of $160.30 million for the quarter, compared to analysts' expectations 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 predict that Offerpad Solutions will post -2.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Offerpad Solutions

Large investors have recently bought and sold shares of the company. XTX Topco Ltd acquired a new position in shares of Offerpad Solutions during the 1st quarter worth approximately $32,000. Jane Street Group LLC purchased a new stake in Offerpad Solutions in the fourth quarter valued at approximately $34,000. AQR Capital Management LLC raised its position in Offerpad Solutions by 69.6% in the first quarter. AQR Capital Management LLC now owns 24,308 shares of the company's stock valued at $40,000 after purchasing an additional 9,979 shares during the period. Deutsche Bank AG purchased a new stake in Offerpad Solutions in the fourth quarter valued at approximately $111,000. Finally, Northern Trust Corp increased its position in shares of 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 acquiring an additional 17,322 shares during the period. 39.44% of the stock is currently owned by hedge funds and other institutional investors.

About Offerpad Solutions

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.