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

Offerpad Solutions (NYSE:OPAD) had its target price decreased by analysts at Keefe, Bruyette & Woods from $3.15 to $2.25 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 9.44% from the stock’s current price.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group reduced their price objective on Offerpad Solutions from $5.00 to $2.00 and set a “neutral” rating for the company in a report on Tuesday. JMP Securities reissued a “market outperform” rating and set a $4.50 price objective on shares of Offerpad Solutions in a report on Monday, December 16th.

Offerpad Solutions Stock Down 1.2 %

Shares of Offerpad Solutions stock opened at $2.06 on Wednesday. The company has a market cap of $56.28 million, a PE ratio of -0.93 and a beta of 2.22. Offerpad Solutions has a 52 week low of $1.97 and a 52 week high of $8.93. The business has a 50 day moving average price of $2.61 and a 200-day moving average price of $3.32.

Offerpad Solutions (NYSE:OPAD) last released its earnings results on Monday, February 24th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.15). Offerpad Solutions had a negative net margin of 6.12% and a negative return on equity of 72.88%. The business had revenue of $174.27 million during the quarter, compared to the consensus estimate of $174.24 million. As a group, research analysts anticipate that Offerpad Solutions will post -2.16 EPS for the current year.

Institutional Investors Weigh In On Offerpad Solutions

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in shares of Offerpad Solutions during the fourth quarter valued at about $34,000. JPMorgan Chase & Co. grew its stake in shares of Offerpad Solutions by 140.1% in the third quarter. JPMorgan Chase & Co. now owns 10,769 shares of the company’s stock worth $44,000 after purchasing an additional 6,284 shares during the last quarter. Barclays PLC grew its stake in shares of Offerpad Solutions by 133.3% in the third quarter. Barclays PLC now owns 20,813 shares of the company’s stock worth $83,000 after purchasing an additional 11,891 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Offerpad Solutions in the fourth quarter worth about $87,000. Finally, Deutsche Bank AG bought a new stake in shares of Offerpad Solutions in the fourth quarter worth about $111,000. Hedge funds and other institutional investors own 39.44% of the company’s stock.

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.