Offerpad Solutions (NYSE:OPAD) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Offerpad Solutions (NYSE:OPAD) from a sell rating to a hold rating in a research note released on Saturday morning.

A number of other research firms also recently issued reports on OPAD. Weiss Ratings reiterated a “sell (d-)” rating on shares of Offerpad Solutions in a report on Friday, October 31st. Keefe, Bruyette & Woods upped their price target on Offerpad Solutions from $1.00 to $1.15 and gave the stock a “market perform” rating in a research report on Tuesday, August 12th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $2.22.

Offerpad Solutions Stock Up 2.0%

Shares of NYSE:OPAD traded up $0.04 during midday trading on Friday, reaching $1.81. 1,047,581 shares of the company were exchanged, compared to its average volume of 2,034,951. Offerpad Solutions has a fifty-two week low of $0.91 and a fifty-two week high of $6.35. The company has a quick ratio of 0.16, a current ratio of 1.32 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $3.60 and a two-hundred day simple moving average of $2.18. The firm has a market cap of $55.20 million, a PE ratio of -0.93 and a beta of 2.30.

Offerpad Solutions (NYSE:OPAD) last announced its earnings results on Monday, November 3rd. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.05). The company had revenue of $132.68 million during the quarter, compared to analyst estimates of $173.01 million. Offerpad Solutions had a negative return on equity of 147.32% and a negative net margin of 8.74%. Offerpad Solutions has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that Offerpad Solutions will post -2.16 earnings per share for the current year.

Institutional Investors Weigh In On Offerpad Solutions

A number of institutional investors and hedge funds have recently modified their holdings of OPAD. Ieq Capital LLC bought a new position in Offerpad Solutions during the first quarter worth about $353,000. XTX Topco Ltd acquired a new stake in shares of Offerpad Solutions in the first quarter valued at approximately $32,000. Investure LLC bought a new position in shares of Offerpad Solutions during the 3rd quarter worth approximately $2,175,000. Vanguard Group Inc. increased its holdings in shares of Offerpad Solutions by 12.4% during the 3rd quarter. Vanguard Group Inc. now owns 790,570 shares of the company’s stock worth $3,297,000 after acquiring an additional 87,144 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Offerpad Solutions in the 2nd quarter valued at $44,000. 39.44% of the stock is owned by 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.