Offerpad Solutions (NYSE:OPAD - Get Free Report) issued its quarterly earnings results on Monday. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.05), Zacks reports. Offerpad Solutions had a negative return on equity of 70.12% and a negative net margin of 6.60%. The company had revenue of $208.07 million for the quarter, compared to analysts' expectations of $205.17 million. During the same quarter in the previous year, the business earned ($0.73) EPS. Offerpad Solutions updated its Q4 2024 guidance to EPS.
Offerpad Solutions Stock Performance
NYSE OPAD traded down $0.12 on Tuesday, hitting $3.15. The stock had a trading volume of 69,647 shares, compared to its average volume of 51,430. The firm has a 50-day moving average of $3.55 and a 200-day moving average of $4.49. The company has a market capitalization of $85.93 million, a price-to-earnings ratio of -1.29 and a beta of 1.86. Offerpad Solutions has a 52-week low of $2.57 and a 52-week high of $11.22.
Analysts Set New Price Targets
OPAD has been the topic of a number of recent research reports. Jefferies Financial Group dropped their price target on shares of Offerpad Solutions from $3.50 to $3.00 and set a "hold" rating on the stock in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods upgraded Offerpad Solutions from an "underperform" rating to a "market perform" rating and dropped their target price for the stock from $6.00 to $3.75 in a research report on Tuesday, August 6th. Finally, JMP Securities reduced their price target on Offerpad Solutions from $9.00 to $5.50 and set a "market outperform" rating for the company in a research report on Tuesday, August 6th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $5.45.
Read Our Latest Research Report on Offerpad Solutions
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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