In yesterday’s Wall Street session, Offerpad Solutions Inc. (NYSE:OPAD) shares traded at $0.63, up 3.38% from the previous session.
8 analysts cover Offerpad Solutions Inc. (NYSE:OPAD), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $0.50, we find $1.60. Given the previous closing price of $0.61, this indicates a potential upside of 162.3 percent. OPAD stock price is now -4.80% away from the 50-day moving average and -73.41% away from the 200-day moving average. The market capitalization of the company currently stands at $151.75M.
The stock has received a hold rating from 3 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $1.60 as their price target over the next twelve months.
With the price target reduced from $0.60 to $0.40, Keefe Bruyette Downgraded its rating from Mkt Perform to Underperform for Offerpad Solutions Inc. (NYSE: OPAD)., while ‘Wedbush’ rates the stock as ‘Outperform’.
In other news, Sella Roberto Marco, Director bought 140,359 shares of the company’s stock on Aug 11. The stock was bought for $235,887 at an average price of $1.68. Upon completion of the transaction, the Director now directly owns 1,378,106 shares in the company, valued at $0.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 10, Director Sella Roberto Marco bought 359,641 shares of the business’s stock. A total of $610,347 was incurred on buying the stock at an average price of $1.70. This leaves the insider owning 1,237,747 shares of the company worth $0.78 million. Insiders disposed of 30,211 shares of company stock worth roughly $19032.93 over the past 1 year. A total of 6.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OPAD stock. A new stake in Offerpad Solutions Inc. shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $135,000. ALPINE GLOBAL MANAGEMENT, LLC invested $132,000 in shares of OPAD during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in Offerpad Solutions Inc. valued at approximately $70,000. NOMURA HOLDINGS INC acquired a new stake in OPAD for approximately $69,000. VIRTU FINANCIAL LLC purchased a new stake in OPAD valued at around $45,000 in the second quarter. In total, there are 116 active investors with 69.20% ownership of the company’s stock.
On Wednesday morning Offerpad Solutions Inc. (NYSE: OPAD) stock kicked off with the opening price of $0.5852. During the past 12 months, Offerpad Solutions Inc. has had a low of $0.38 and a high of $6.37. As of last week, the company has a debt-to-equity ratio of 4.75, a current ratio of 1.20, and a quick ratio of 0.20. The fifty day moving average price for OPAD is $0.6578 and a two-hundred day moving average price translates $2.3550 for the stock.
The latest earnings results from Offerpad Solutions Inc. (NYSE: OPAD) was released for Jun, 2022. According to the Real Estate Services Company, earnings per share came in at $0.04, missing analysts’ expectations of $0.06 by -0.02. This compares to -$0.13 EPS in the same period last year. The net profit margin was -0.40% and return on equity was -5.20% for OPAD. The company reported revenue of $821.73 million for the quarter, compared to $540.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 52.09 percent. For the current quarter, analysts expect OPAD to generate $768.12M in revenue.
Offerpad Solutions Inc.(OPAD) Company Profile
Offerpad Solutions Inc., together with its subsidiaries, engages in buying, selling, renting, and renovating properties to homeowners in the United States. It operates iBuying, a real estate solutions platform for on-demand customer. The company provides customer-centric experience, which enables them to sell and buy homes online with streamlined access to ancillary services, such as mortgage and title insurance services. Offerpad Solutions Inc. was founded in 2015 and is headquartered in Chandler, Arizona.