Brian Bair Buys 125,000 Shares of Offerpad Solutions (NYSE:OPAD) Stock

Offerpad Solutions Inc. (NYSE:OPAD) CEO Brian Bair purchased 125,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average price of $0.82 per share, with a total value of $102,500.00. Following the completion of the transaction, the chief executive officer owned 184,534 shares of the company’s stock, valued at approximately $151,317.88. This trade represents a 209.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Offerpad Solutions Price Performance

Shares of OPAD traded down $0.02 during mid-day trading on Thursday, reaching $0.74. The stock had a trading volume of 561,878 shares, compared to its average volume of 629,845. The firm has a market cap of $35.02 million, a price-to-earnings ratio of -0.61 and a beta of 2.42. Offerpad Solutions Inc. has a 12 month low of $0.57 and a 12 month high of $6.35. The business has a fifty day moving average of $0.73 and a 200 day moving average of $1.07. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 1.66.

Offerpad Solutions (NYSE:OPAD) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.01. The business had revenue of $80.08 million during the quarter, compared to analyst estimates of $86.25 million. Offerpad Solutions had a negative net margin of 8.51% and a negative return on equity of 112.51%. Equities analysts predict that Offerpad Solutions Inc. will post -0.58 EPS for the current year.

Hedge Funds Weigh In On Offerpad Solutions

Several institutional investors have recently bought and sold shares of the business. PEAK6 LLC bought a new position in Offerpad Solutions during the fourth quarter valued at $60,000. XTX Topco Ltd bought a new position in Offerpad Solutions during the fourth quarter valued at $63,000. Quadrature Capital Ltd bought a new position in Offerpad Solutions during the fourth quarter valued at $306,000. Engineers Gate Manager LP bought a new position in Offerpad Solutions during the fourth quarter valued at $27,000. Finally, Barclays PLC lifted its position in Offerpad Solutions by 190.5% during the fourth quarter. Barclays PLC now owns 33,345 shares of the company’s stock valued at $40,000 after purchasing an additional 21,868 shares during the last quarter. Institutional investors own 39.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Offerpad Solutions in a research report on Wednesday, May 27th. Keefe, Bruyette & Woods dropped their target price on shares of Offerpad Solutions from $1.00 to $0.85 and set a “market perform” rating for the company in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.62.

Offerpad Solutions Company Profile

Offerpad Solutions, Inc, listed on the NYSE under the ticker OPAD, is a technology-driven real estate platform specializing in the direct purchase, renovation and resale of single-family homes. Since its founding in 2015 and headquartered in Chandler, Arizona, the company leverages proprietary data analytics and algorithms to deliver fast, all-cash offers and flexible closing timelines to homeowners in select markets across the United States.

The company’s core services include its Instant Offer program for home acquisitions, in-house renovation and repair services to prepare properties for resale, and a suite of ancillary offerings such as title and escrow, home trade-in solutions and mortgage origination through strategic partnerships.