Offerpad Solutions (NYSE:OPAD) Price Target Cut to $6.00 by Analysts at Keefe, Bruyette & Woods

Offerpad Solutions (NYSE:OPAD) had its price objective lowered by Keefe, Bruyette & Woods from $6.25 to $6.00 in a report released on Wednesday, Benzinga reports. The firm currently has an underperform rating on the stock.

Several other research analysts also recently issued reports on OPAD. JPMorgan Chase & Co. dropped their target price on shares of Offerpad Solutions from $10.00 to $9.00 and set a neutral rating on the stock in a research note on Tuesday, February 27th. JMP Securities lowered their price objective on Offerpad Solutions from $12.00 to $9.00 and set a market outperform rating on the stock in a research report on Tuesday. Finally, The Goldman Sachs Group reduced their target price on Offerpad Solutions from $7.00 to $6.00 and set a neutral rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $9.83.

Offerpad Solutions Price Performance

NYSE:OPAD opened at $6.87 on Wednesday. Offerpad Solutions has a 1-year low of $6.54 and a 1-year high of $15.19. The firm’s 50-day moving average price is $7.73 and its 200-day moving average price is $8.66. The company has a market capitalization of $187.28 million, a PE ratio of -1.47 and a beta of 2.01.

Offerpad Solutions (NYSE:OPAD) last posted its quarterly earnings data on Monday, February 26th. The company reported ($0.57) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.15). Offerpad Solutions had a negative net margin of 8.92% and a negative return on equity of 93.45%. The company had revenue of $240.46 million for the quarter, compared to the consensus estimate of $256.60 million. During the same period last year, the business earned ($7.35) EPS. Equities analysts anticipate that Offerpad Solutions will post -0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Offerpad Solutions

An institutional investor recently bought a new position in Offerpad Solutions stock. Cerity Partners LLC acquired a new stake in shares of Offerpad Solutions Inc. (NYSE:OPAD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,396 shares of the company’s stock, valued at approximately $240,000. Cerity Partners LLC owned about 0.09% of Offerpad Solutions as of its most recent filing with the Securities and Exchange Commission (SEC). 39.44% of the stock is 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.