Offerpad Solutions (NYSE:OPAD) Issues Earnings Results

Offerpad Solutions (NYSE:OPAD) issued its quarterly earnings data on Monday. The company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.15), Zacks reports. The company had revenue of $174.27 million for the quarter, compared to analysts’ expectations of $174.24 million. Offerpad Solutions had a negative return on equity of 72.88% and a negative net margin of 6.12%. Offerpad Solutions updated its Q1 2025 guidance to EPS.

Offerpad Solutions Stock Performance

Shares of NYSE:OPAD opened at $2.13 on Wednesday. The company has a 50-day simple moving average of $2.63 and a 200-day simple moving average of $3.32. The stock has a market capitalization of $58.31 million, a price-to-earnings ratio of -0.98 and a beta of 2.22. Offerpad Solutions has a one year low of $1.97 and a one year high of $9.30.

Wall Street Analysts Forecast Growth

OPAD has been the subject of a number of research reports. Keefe, Bruyette & Woods reduced their price target on shares of Offerpad Solutions from $3.15 to $2.25 and set a “market perform” rating for the company in a research report on Wednesday. The Goldman Sachs Group reduced their target price on Offerpad Solutions from $5.00 to $2.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, JMP Securities restated a “market outperform” rating and set a $4.50 price target on shares of Offerpad Solutions in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $4.15.

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.