Keefe, Bruyette & Woods Has Lowered Expectations for Offerpad Solutions (NYSE:OPAD) Stock Price

Offerpad Solutions (NYSE:OPAD) had its price target decreased by Keefe, Bruyette & Woods from $3.15 to $2.25 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 6.89% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. 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. The Goldman Sachs Group dropped their price target on Offerpad Solutions from $5.00 to $2.00 and set a “neutral” rating for the company in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Offerpad Solutions currently has a consensus rating of “Hold” and an average price target of $4.15.

Offerpad Solutions Trading Down 4.3 %

NYSE OPAD opened at $2.11 on Wednesday. Offerpad Solutions has a 12 month low of $1.97 and a 12 month high of $9.30. The stock’s 50 day moving average is $2.63 and its 200 day moving average is $3.32. The stock has a market cap of $57.62 million, a PE ratio of -0.96 and a beta of 2.22.

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

Institutional Trading of Offerpad Solutions

A number of large investors have recently made changes to their positions in the business. Watts Gwilliam & Co. LLC bought a new position in shares of Offerpad Solutions in the 4th quarter valued at about $1,885,000. Wilmington Savings Fund Society FSB purchased a new stake in Offerpad Solutions during the third quarter valued at approximately $2,417,000. Northern Trust Corp lifted its stake in shares of Offerpad Solutions by 22.1% in the 4th quarter. Northern Trust Corp now owns 95,866 shares of the company’s stock valued at $273,000 after purchasing an additional 17,322 shares during the last quarter. Deutsche Bank AG purchased a new position in shares of Offerpad Solutions in the 4th quarter worth approximately $111,000. Finally, SG Americas Securities LLC purchased a new position in shares of Offerpad Solutions in the 4th quarter worth approximately $87,000. 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.