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Offerpad Solutions (NYSE: OPAD) slashed to $2.00 at JMP Securities

Offerpad OptionsNew York Stock Exchange: OPADGet the rating) Its value goal was lowered by analysts at JMP Securities from $4.00 to $2.00 in a analysis word issued to traders on Tuesday, the fly studies.

Different analysis analysts additionally just lately launched analysis studies in regards to the firm. Cantor Fitzgerald lowered its value goal on Offerpad Options from $10.00 to $5.00 in a analysis word on Thursday, August 4. Goldman Sachs Group lowered its value goal on Offerpad Options from $2.25 to $1.00 and assigned a “impartial” score to the corporate in a analysis report on Tuesday, October 18th. Wedbush started overlaying Offerpad Options in a report on Monday, July eleventh. They set a “Superior” score and a $5.00 value goal for the corporate. Keefe and Bruyette & Woods lowered their goal value on Offerpad Options from $2.00 to $1.20 and positioned the corporate’s “efficiency market” score in a report on Thursday, October sixth. Lastly, Jefferies Monetary Group lowered its value goal on Offerpad Options from $2.00 to $1.20 and set a “maintain” score for the corporate in a report on Thursday, October sixth. Three funding analysts have rated the inventory with a maintain score and 5 have issued a purchase score to the corporate. In accordance with knowledge from MarketBeat.com, Offerpad Options has a median score of “Reasonable Purchase” and a median value goal of 4.24.

Offerpad Options Stock Decreased 5.3%

NYSE OPAD It opened at 0.83 on Tuesday. The inventory’s 50-day transferring common is 1.31 and its 200-day transferring common is 2.83. Offerpad Options recorded a 52-week low of 0.77 and a 52-week excessive of 8.73. The corporate has a market capitalization of $204.42 million, a price-earnings ratio of 6.90 and a beta of 1.11.

Offerpad OptionsNew York Stock Exchange: OPADGet the rating) final printed its quarterly earnings knowledge 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 delivered a return on fairness of twenty-two.51% and a web margin of 1.30%. The corporate generated 1.08 billion in income through the quarter, in comparison with the consensus estimate of 1.13 billion. Analysis analysts anticipate Offerpad Options to publish 0.01 earnings per share for the present 12 months.

Shopping for and promoting insiders

In different information from Offerpad Options, Director Roberto Marco Sella bought 149,359 shares of the corporate’s inventory in a transaction that passed off on Thursday, August eleventh. The inventory was bought at a median value of 1.68 per share, for a complete worth of $235,803.12. Following the acquisition, the supervisor now owns 1,378,106 shares of the corporate’s inventory, valued at 2,315,218.08. The deal was disclosed on file with the Securities and Trade Fee, which may be accessed by means of SEC . site. 59.28% of the shares are owned by company insiders.

Institutional Traders Weigh Into Offerpad Options

Plenty of institutional traders and hedge funds have just lately purchased and bought shares of the corporate. Keebeck Alpha LP raised its place in Offerpad Options shares by 26.8% within the second quarter. Keebeck Alpha LP now owns 30,314 shares of the corporate’s inventory, valued at $66,000 after buying a further 6,409 shares final quarter. Value T Rowe Associates Inc. MD held its stake in Offerpad Options by 43.4% through the second quarter. Value T Rowe Associates Inc. Now 21,514 shares of the corporate’s inventory are valued at $47,000 after buying a further 6,514 shares over the past quarter. Citigroup Inc. has been acquired. A brand new place in Offerpad Options through the first quarter valued at $42,000. Charles Schwab Funding Administration Inc. elevated its stake in Offerpad Options by 2.5% through the first quarter. Charles Schwab Funding Administration Inc. Now 358,937 shares of the corporate’s inventory are valued at $1,806,000 after buying a further 8,859 shares over the past quarter. Lastly, Fox Run Administration LLC purchased a brand new place in Offerpad Options through the first quarter price $57,000. 54.48% of the shares are owned by funding establishments.

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 the USA. She operates iBuying, an on-demand buyer actual property options platform. The corporate offers a customer-centric expertise, which allows them to purchase and promote properties on-line with simplified entry to extra providers, comparable to mortgage and fairness insurance coverage providers.

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Analyst Recommendations for Offerpad Solutions (NYSE: OPAD)

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

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