Offerpad Solutions Inc. (NYSE:OPAD – Get Free Report) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 905,700 shares, an increase of 21.4% from the June 30th total of 745,800 shares. Approximately 5.9% of the shares of the stock are short sold. Based on an average trading volume of 80,300 shares, the short-interest ratio is currently 11.3 days.
Offerpad Solutions Stock Performance
Shares of NYSE OPAD traded up $0.02 during trading on Friday, reaching $4.62. The company had a trading volume of 23,097 shares, compared to its average volume of 115,327. Offerpad Solutions has a 52 week low of $3.83 and a 52 week high of $13.36. The stock has a market cap of $126.03 million, a PE ratio of -1.67 and a beta of 1.83. The business’s 50 day moving average price is $4.74 and its 200-day moving average price is $6.97.
Offerpad Solutions (NYSE:OPAD – Get Free Report) last announced its earnings results on Monday, May 6th. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.28). Offerpad Solutions had a negative return on equity of 69.44% and a negative net margin of 7.60%. The company had revenue of $285.36 million during the quarter, compared to the consensus estimate of $272.07 million. Equities analysts anticipate that Offerpad Solutions will post -1.6 earnings per share for the current year.
Insider Activity
Institutional Investors Weigh In On Offerpad Solutions
An institutional investor recently bought a new position in Offerpad Solutions stock. Cerity Partners LLC purchased a new position in shares of Offerpad Solutions Inc. (NYSE:OPAD – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,396 shares of the company’s stock, valued at approximately $240,000. Cerity Partners LLC owned about 0.09% of Offerpad Solutions at the end of the most recent reporting period. 39.44% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have commented on OPAD shares. JMP Securities reduced their price target on shares of Offerpad Solutions from $12.00 to $9.00 and set a “market outperform” rating on the stock in a research report on Tuesday, May 7th. The Goldman Sachs Group reduced their price target on shares of Offerpad Solutions from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Offerpad Solutions from $6.25 to $6.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $9.60.
Check Out Our Latest Stock Report on OPAD
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.
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