Offerpad Solutions (NYSE:OPAD - Free Report) had its target price reduced by The Goldman Sachs Group from $5.00 to $2.00 in a research note released on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.
Other analysts have also issued reports about the company. Keefe, Bruyette & Woods lowered their target price on Offerpad Solutions from $3.75 to $3.15 and set a "market perform" rating for the company in a research note on Wednesday, November 6th. JMP Securities reissued a "market outperform" rating and set a $4.50 price objective on shares of Offerpad Solutions in a report on Monday, December 16th.
Get Our Latest Stock Analysis on Offerpad Solutions
Offerpad Solutions Stock Performance
Offerpad Solutions stock traded down $0.04 during trading hours on Tuesday, hitting $1.98. 111,780 shares of the stock were exchanged, compared to its average volume of 54,384. Offerpad Solutions has a 12 month low of $1.93 and a 12 month high of $8.93. The business's 50-day moving average is $2.58 and its two-hundred day moving average is $3.31. The stock has a market capitalization of $54.20 million, a P/E ratio of -0.90 and a beta of 2.22.
Offerpad Solutions (NYSE:OPAD - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported ($0.63) EPS for the quarter, missing analysts' consensus estimates of ($0.48) by ($0.15). Offerpad Solutions had a negative return on equity of 72.88% and a negative net margin of 6.12%. The business had revenue of $174.27 million for the quarter, compared to the consensus estimate of $174.24 million. On average, equities analysts predict that Offerpad Solutions will post -2.16 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Offerpad Solutions
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Watts Gwilliam & Co. LLC bought a new position in Offerpad Solutions in the fourth quarter valued at about $1,885,000. Wilmington Savings Fund Society FSB bought a new position in shares of Offerpad Solutions in the 3rd quarter valued at about $2,417,000. Northern Trust Corp boosted its stake in shares of Offerpad Solutions by 22.1% in the 4th quarter. Northern Trust Corp now owns 95,866 shares of the company's stock valued at $273,000 after purchasing an additional 17,322 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Offerpad Solutions during the 4th quarter worth approximately $111,000. Finally, SG Americas Securities LLC bought a new stake in shares of Offerpad Solutions during the fourth quarter worth approximately $87,000. Institutional investors own 39.44% of the company's stock.
About Offerpad Solutions
(
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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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