Barclays PLC Has $83,000 Holdings in Offerpad Solutions Inc. (NYSE:OPAD)

Barclays PLC increased its position in shares of Offerpad Solutions Inc. (NYSE:OPAD) by 133.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,813 shares of the company’s stock after buying an additional 11,891 shares during the period. Barclays PLC owned 0.08% of Offerpad Solutions worth $83,000 at the end of the most recent reporting period.

Separately, Bank of New York Mellon Corp bought a new position in shares of Offerpad Solutions in the 2nd quarter worth about $111,000. 39.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on OPAD. Keefe, Bruyette & Woods decreased their target price on Offerpad Solutions from $3.75 to $3.15 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. JMP Securities reaffirmed a “market outperform” rating and set a $4.50 price objective on shares of Offerpad Solutions in a research report on Monday, December 16th. Finally, Jefferies Financial Group cut their target price on shares of Offerpad Solutions from $3.50 to $3.00 and set a “hold” rating on the stock in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.13.

Offerpad Solutions Price Performance

Shares of NYSE OPAD opened at $2.37 on Friday. The company has a 50-day moving average price of $3.46 and a 200-day moving average price of $3.64. The stock has a market capitalization of $64.73 million, a P/E ratio of -1.07 and a beta of 2.25. Offerpad Solutions Inc. has a 1 year low of $2.25 and a 1 year high of $9.93.

Offerpad Solutions (NYSE:OPAD) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.05). The company had revenue of $208.07 million for the quarter, compared to analyst estimates of $205.17 million. Offerpad Solutions had a negative net margin of 6.12% and a negative return on equity of 72.88%. During the same quarter last year, the firm posted ($0.73) EPS. As a group, equities research analysts anticipate that Offerpad Solutions Inc. will post -2.16 earnings per share 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.