American Century Companies Inc. lowered its stake in Offerpad Solutions Inc. (NYSE:OPAD – Free Report) by 30.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,500 shares of the company’s stock after selling 9,294 shares during the period. American Century Companies Inc. owned 0.08% of Offerpad Solutions worth $95,000 as of its most recent filing with the Securities & Exchange Commission.
Separately, Bank of New York Mellon Corp purchased a new stake in Offerpad Solutions during the 2nd quarter valued at $111,000. Hedge funds and other institutional investors own 39.44% of the company’s stock.
Offerpad Solutions Price Performance
NYSE:OPAD opened at $3.39 on Friday. The company has a 50-day moving average of $3.77 and a 200 day moving average of $5.22. The firm has a market cap of $92.48 million, a PE ratio of -1.23 and a beta of 1.82. Offerpad Solutions Inc. has a 1-year low of $2.57 and a 1-year high of $11.22.
Analyst Ratings Changes
A number of brokerages recently commented on OPAD. JMP Securities decreased their target price on Offerpad Solutions from $9.00 to $5.50 and set a “market outperform” rating on the stock in a report on Tuesday, August 6th. Keefe, Bruyette & Woods upgraded shares of Offerpad Solutions from an “underperform” rating to a “market perform” rating and reduced their price target for the stock from $6.00 to $3.75 in a research report on Tuesday, August 6th.
Read Our Latest Stock Analysis on Offerpad Solutions
Offerpad Solutions 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.
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