Offerpad Solutions (NYSE:OPAD – Free Report) had its target price lowered by Keefe, Bruyette & Woods from $6.25 to $6.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has an underperform rating on the stock.
A number of other analysts have also recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Offerpad Solutions from $7.00 to $6.00 and set a neutral rating for the company in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Offerpad Solutions from $10.00 to $9.00 and set a neutral rating for the company in a research note on Tuesday, February 27th. Finally, JMP Securities lowered their price target on Offerpad Solutions from $12.00 to $9.00 and set a market outperform rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Offerpad Solutions presently has an average rating of Hold and a consensus target price of $9.83.
Read Our Latest Stock Report on Offerpad Solutions
Offerpad Solutions Stock Up 1.9 %
Offerpad Solutions (NYSE:OPAD – Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.42) by ($0.15). The company had revenue of $240.46 million for the quarter, compared to analyst estimates of $256.60 million. Offerpad Solutions had a negative net margin of 8.92% and a negative return on equity of 93.45%. During the same period last year, the company posted ($7.35) earnings per share. On average, sell-side analysts anticipate that Offerpad Solutions will post -0.69 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Offerpad Solutions stock. Citigroup Inc. raised its stake in Offerpad Solutions Inc. (NYSE:OPAD – Free Report) by 60,888.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,956 shares of the company’s stock after acquiring an additional 21,920 shares during the quarter. Citigroup Inc. owned approximately 0.08% of Offerpad Solutions worth $214,000 as of its most recent SEC filing. 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.
Further Reading
- Five stocks we like better than Offerpad Solutions
- How to Calculate Options Profits
- No New Highs for Cloudflare in 2024
- Compound Interest and Why It Matters When Investing
- Electronic Arts Earnings Engaging Players and Building Value
- Canadian Penny Stocks: Can They Make You Rich?
- 3 Tripe-Digit Growth Mid Cap Stocks to Watch This Quarter
Receive News & Ratings for Offerpad Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Offerpad Solutions and related companies with MarketBeat.com's FREE daily email newsletter.