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Goldman Sachs Group Offerpad Solutions (NYSE: OPAD) lowers price target to $1.00

Offerpad OptionsNew York Stock Exchange: OPADGet the rating) Its value goal by analysts at Goldman Sachs Group fell from $2.25 to $1.00 in a analysis word issued to traders on Tuesday, Inventory Target Advisor experiences. The brokerage at the moment has a “Impartial” ranking on the inventory.

Different inventory analysts have additionally launched analysis experiences on the corporate lately. Cantor Fitzgerald lowered his value goal on Offerpad Options from $10.00 to $5.00 in a report on Thursday, August 4th. Keefe and Bruyette & Woods lowered their value goal for Offerpad Options shares from $2.00 to $1.20 and assigned the corporate’s “market efficiency” ranking in a analysis word on Thursday, October sixth. Jefferies Monetary Group lowered its value goal on Offerpad Options shares from $2.00 to $1.20 and assigned a “maintain” ranking to the inventory in a analysis word on Thursday, October sixth. Wedbush started masking Offerpad Options shares in a analysis report on Monday, July eleventh. They issued a “superior” ranking and a $5.00 value goal for the corporate. Lastly, Compass Level lowered its value goal on Offerpad Options to $4.75 in a analysis report on Tuesday, August ninth. Three funding analysts have rated the inventory with a maintain ranking and 5 have assigned a purchase ranking to the corporate. In accordance with MarketBeat information, Offerpad Options at the moment has a median ranking of “Average Purchase” and a median goal value of 4.96.

Offerpad Options shares 1.1%

shares OPAD stock It traded as excessive as 0.01 throughout mid-day buying and selling on Tuesday, reaching 0.92. The corporate’s inventory traded quantity was 7,890 shares, in comparison with a median buying and selling quantity of 1,070,783. The corporate has a market capitalization of $228.08 million, a PE ratio of seven.84 and a beta of 1.11. The corporate’s 50 day easy shifting common is 1.41 and the 200 day easy shifting common is 2.98. Offerpad Options recorded a 12-month low of 0.90 and a 12-month excessive of 8.80.

Offerpad OptionsNew York Stock Exchange: OPADGet the rating) final launched its quarterly earnings information on Wednesday, August third. The corporate reported 0.04 earnings per share for the quarter, beating the consensus estimate of 0.06 at -0.02. Offerpad Options generated a web revenue margin of 1.30% and a return on fairness of twenty-two.51%. The corporate generated 1.08 billion in income in the course of the quarter, in comparison with analysts’ expectations of 1.13 billion. As a bunch, analysis analysts anticipate Offerpad Options to publish 0.01 EPS for the present fiscal yr.

Insider Transactions in Offerpad Options

In associated information, Director Roberto Marco Sella bought 140,359 shares of the corporate’s inventory in a transaction dated Thursday, August eleventh. The inventory was bought at a median value of 1.68 per share, with a complete worth of 235.803.12. Following the transaction, the Director now owns 1,378,106 shares of the corporate’s inventory, valued at 2,315,218.08. The acquisition was disclosed in a authorized submitting with the Securities and Change Fee, which is accessible at this link. Insiders personal 59.28% of the corporate’s shares.

Institutional Traders Weigh Into Offerpad Options

A number of hedge funds and different institutional traders have lately modified their holdings in OPAD. SG Americas Securities LLC bought a brand new stake in shares of Offerpad Options in the course of the second quarter valued at roughly $31,000. Arizona Retirement System purchased a brand new stake in Offerpad Options Inc. in the course of the second quarter valued at roughly $34,000. Strs Ohio purchased a brand new stake in shares of Offerpad Options in the course of the second quarter valued at roughly $34,000. Citigroup Inc. has been acquired. A brand new stake in shares of Offerpad Options in the course of the first quarter valued at roughly $42,000. Lastly, Value T Rowe Associates Inc. MD held its stake in Offerpad Options by 43.4% in the course of the second quarter. Value T Rowe Associates Inc. Now 21,514 shares of the corporate’s inventory are valued at $47,000 after buying an extra 6,514 shares in the course of the interval. Institutional traders personal 54.48% of the corporate’s inventory.

Offerpad Options Firm Profile

(Get the rating)

Offerpad Options Inc, together with its subsidiaries, is engaged within the buy, sale, rental and renovation of actual property for householders in america. She operates iBuying, an on-demand buyer actual property options platform. The corporate supplies a customer-centric expertise, which allows them to purchase and promote houses on-line with simplified entry to extra providers, similar to mortgage and fairness insurance coverage providers.

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Analyst Recommendations for Offerpad Solutions (NYSE: OPAD)

This immediate information alert was created by narrative science expertise and MarketBeat monetary information to offer readers with the quickest and most correct reporting. This story was reviewed by the Editorial Group at MarketBeat previous to publication. Please ship any questions or feedback about this story to [email protected]

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