Offerpad Solutions Inc. (NYSE:OPAD) Shares Acquired by Barclays PLC

Barclays PLC lifted its holdings in Offerpad Solutions Inc. (NYSE:OPAD) by 133.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,813 shares of the company’s stock after buying an additional 11,891 shares during the quarter. Barclays PLC owned 0.08% of Offerpad Solutions worth $83,000 as of its most recent SEC filing.

Separately, Rhumbline Advisers raised its position in Offerpad Solutions by 4,655.6% during the second quarter. Rhumbline Advisers now owns 11,461 shares of the company’s stock worth $51,000 after acquiring an additional 11,220 shares during the last quarter. 39.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OPAD. Jefferies Financial Group lowered their price target on shares of Offerpad Solutions from $3.50 to $3.00 and set a “hold” rating on the stock in a research report on Tuesday, October 22nd. JMP Securities reiterated a “market outperform” rating and set a $4.50 target price on shares of Offerpad Solutions in a report on Monday, December 16th. Finally, Keefe, Bruyette & Woods dropped 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Offerpad Solutions currently has an average rating of “Hold” and a consensus price target of $5.13.

Offerpad Solutions Stock Down 5.1 %

Offerpad Solutions stock opened at $2.58 on Friday. The firm has a fifty day moving average of $3.69 and a 200-day moving average of $3.78. Offerpad Solutions Inc. has a 52-week low of $2.56 and a 52-week high of $10.03. The firm has a market capitalization of $70.62 million, a P/E ratio of -1.17 and a beta of 2.25.

Offerpad Solutions (NYSE:OPAD) last announced its earnings results on Monday, November 4th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.05). Offerpad Solutions had a negative net margin of 6.12% and a negative return on equity of 72.88%. The company had revenue of $208.07 million for the quarter, compared to analysts’ expectations of $205.17 million. During the same quarter in the previous year, the business posted ($0.73) earnings per share. On average, research analysts expect that Offerpad Solutions Inc. will post -2.16 EPS for the current fiscal year.

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.