Offerpad Solutions (NYSE:OPAD) Price Target Lowered to $2.25 at Keefe, Bruyette & Woods

Offerpad Solutions (NYSE:OPAD) had its price target reduced by Keefe, Bruyette & Woods from $3.15 to $2.25 in a research note published on Wednesday,Benzinga reports. They currently have a market perform rating on the stock.

OPAD has been the subject of several other reports. JMP Securities reiterated a “market outperform” rating and set a $4.50 price target on shares of Offerpad Solutions in a research note on Monday, December 16th. The Goldman Sachs Group reduced their target price on shares of Offerpad Solutions from $5.00 to $2.00 and set a “neutral” rating on the stock in a research report on Tuesday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.15.

Offerpad Solutions Price Performance

Shares of NYSE OPAD opened at $2.08 on Wednesday. The business’s fifty day moving average price is $2.63 and its two-hundred day moving average price is $3.32. The firm has a market capitalization of $56.94 million, a PE ratio of -0.95 and a beta of 2.22. Offerpad Solutions has a 1-year low of $1.97 and a 1-year high of $9.30.

Offerpad Solutions (NYSE:OPAD) last issued its earnings results on Monday, February 24th. The company reported ($0.63) earnings per share (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 company had revenue of $174.27 million during the quarter, compared to analyst estimates of $174.24 million. Equities research analysts expect that Offerpad Solutions will post -2.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Offerpad Solutions

A number of large investors have recently modified their holdings of OPAD. Jane Street Group LLC purchased a new stake in shares of Offerpad Solutions in the fourth quarter worth approximately $34,000. JPMorgan Chase & Co. boosted its holdings in Offerpad Solutions by 140.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,769 shares of the company’s stock worth $44,000 after acquiring an additional 6,284 shares during the last quarter. Barclays PLC grew its stake in shares of Offerpad Solutions by 133.3% in the 3rd quarter. Barclays PLC now owns 20,813 shares of the company’s stock worth $83,000 after acquiring an additional 11,891 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Offerpad Solutions in the fourth quarter valued at about $87,000. Finally, Deutsche Bank AG bought a new position in shares of Offerpad Solutions during the fourth quarter valued at about $111,000. 39.44% of the stock is currently owned by institutional investors.

Offerpad Solutions Company Profile

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.