Offerpad Solutions (OPAD) Set to Announce Earnings on Monday

Offerpad Solutions (NYSE:OPAD) will post its quarterly earnings results after the market closes on Monday, August 5th. Analysts expect Offerpad Solutions to post earnings of ($0.40) per share for the quarter. Offerpad Solutions has set its Q2 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Offerpad Solutions (NYSE:OPAD) last posted its earnings results on Monday, May 6th. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.28). Offerpad Solutions had a negative return on equity of 69.44% and a negative net margin of 7.60%. The firm had revenue of $285.36 million for the quarter, compared to analyst estimates of $272.07 million. On average, analysts expect Offerpad Solutions to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Offerpad Solutions Stock Performance

OPAD opened at $4.00 on Friday. The business’s 50-day simple moving average is $4.65 and its 200-day simple moving average is $6.81. Offerpad Solutions has a one year low of $3.83 and a one year high of $13.36. The stock has a market capitalization of $109.12 million, a P/E ratio of -1.45 and a beta of 1.83.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on OPAD shares. Keefe, Bruyette & Woods cut their target price on Offerpad Solutions from $6.25 to $6.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 8th. The Goldman Sachs Group cut their target price on Offerpad Solutions from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Finally, JMP Securities lowered their price target on Offerpad Solutions from $12.00 to $9.00 and set a “market outperform” rating on the stock in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.60.

Insider Buying and Selling

In other Offerpad Solutions news, Director Roberto Marco Sella acquired 7,698 shares of the stock in a transaction on Friday, June 14th. The shares were bought at an average price of $4.90 per share, with a total value of $37,720.20. Following the acquisition, the director now owns 3,138,883 shares of the company’s stock, valued at $15,380,526.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Offerpad Solutions news, Director Roberto Marco Sella acquired 7,698 shares of the stock in a transaction on Friday, June 14th. The shares were bought at an average price of $4.90 per share, with a total value of $37,720.20. Following the acquisition, the director now owns 3,138,883 shares of the company’s stock, valued at $15,380,526.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Bair acquired 40,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was acquired at an average cost of $5.48 per share, for a total transaction of $219,200.00. Following the acquisition, the chief executive officer now directly owns 852,867 shares in the company, valued at approximately $4,673,711.16. The disclosure for this purchase can be found here. Insiders have purchased a total of 97,717 shares of company stock valued at $500,996 over the last quarter. 43.40% of the stock is currently owned by insiders.

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.