Offerpad Solutions (NYSE:OPAD) Receives Market Perform Rating from JMP Securities

JMP Securities reiterated their market perform rating on shares of Offerpad Solutions (NYSE:OPAD) in a research report released on Tuesday,Benzinga reports.

A number of other equities analysts also recently commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Offerpad Solutions from $3.15 to $2.25 and set a “market perform” rating for the company in a report on Wednesday, February 26th. Citizens Jmp downgraded shares of Offerpad Solutions from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Finally, The Goldman Sachs Group cut their target price on shares of Offerpad Solutions from $5.00 to $2.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $2.69.

Offerpad Solutions Stock Performance

OPAD opened at $0.96 on Tuesday. The company has a market capitalization of $26.39 million, a P/E ratio of -0.44 and a beta of 2.24. The company has a 50-day moving average of $1.55 and a 200-day moving average of $2.58. Offerpad Solutions has a 1-year low of $0.92 and a 1-year high of $7.47.

Offerpad Solutions (NYSE:OPAD) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.54) earnings per share for the quarter, beating the consensus estimate of ($0.58) by $0.04. Offerpad Solutions had a negative return on equity of 72.88% and a negative net margin of 6.12%. The firm had revenue of $160.70 million during the quarter, compared to analyst estimates of $180.51 million. As a group, sell-side analysts expect that Offerpad Solutions will post -2.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Offerpad Solutions

Several institutional investors have recently modified their holdings of OPAD. Jane Street Group LLC bought a new stake in Offerpad Solutions in the 4th quarter valued at about $34,000. JPMorgan Chase & Co. increased 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 valued at $44,000 after purchasing an additional 6,284 shares during the period. Barclays PLC raised its holdings in shares of Offerpad Solutions by 133.3% during the third quarter. Barclays PLC now owns 20,813 shares of the company’s stock valued at $83,000 after buying an additional 11,891 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Offerpad Solutions during the fourth quarter worth approximately $87,000. Finally, Deutsche Bank AG acquired a new position in shares of Offerpad Solutions during the fourth quarter worth approximately $111,000. 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.