Offerpad Solutions (NYSE:OPAD) Posts Earnings Results, Misses Expectations By $0.15 EPS

Offerpad Solutions (NYSE:OPAD) posted its quarterly earnings data on Monday. The company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.15), Zacks reports. Offerpad Solutions had a negative net margin of 6.12% and a negative return on equity of 72.88%.

Offerpad Solutions Stock Performance

OPAD traded down $0.07 on Monday, hitting $2.18. 119,730 shares of the company were exchanged, compared to its average volume of 49,283. The stock’s fifty day moving average is $2.69 and its 200-day moving average is $3.34. Offerpad Solutions has a 12 month low of $2.08 and a 12 month high of $9.30. The company has a market cap of $59.53 million, a PE ratio of -0.99 and a beta of 2.22.

Analysts Set New Price Targets

OPAD has been the topic of a number of research reports. JMP Securities restated a “market outperform” rating and issued a $4.50 price target on shares of Offerpad Solutions in a report on Monday, December 16th. Keefe, Bruyette & Woods reduced their price target on Offerpad Solutions from $3.75 to $3.15 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.13.

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.