Offerpad Solutions (NYSE:OPAD) Issues Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Offerpad Solutions (NYSE:OPAD) issued its quarterly earnings data on Monday. The company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.15), Zacks reports. Offerpad Solutions had a negative return on equity of 72.88% and a negative net margin of 6.12%. Offerpad Solutions updated its Q1 2025 guidance to EPS.

Offerpad Solutions Price Performance

Shares of NYSE OPAD opened at $2.18 on Tuesday. The stock has a market capitalization of $59.53 million, a price-to-earnings ratio of -0.99 and a beta of 2.22. The business has a 50-day moving average of $2.66 and a 200-day moving average of $3.33. Offerpad Solutions has a fifty-two week low of $2.08 and a fifty-two week high of $9.30.

Analysts Set New Price Targets

A number of research firms have issued reports on OPAD. Keefe, Bruyette & Woods lowered their target price on Offerpad Solutions from $3.75 to $3.15 and set a “market perform” rating for the company in a report on Wednesday, November 6th. JMP Securities reiterated a “market outperform” rating and set a $4.50 target price on shares of Offerpad Solutions in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.13.

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.