Offerpad Solutions Inc. (NYSE:OPAD – Get Free Report) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 443,230 shares, a decrease of 90.2% from the May 31st total of 4,500,946 shares. Approximately 15.8% of the company’s stock are sold short. Based on an average trading volume of 137,808 shares, the short-interest ratio is currently 3.2 days.
Offerpad Solutions Stock Up 5.7%
Shares of Offerpad Solutions stock traded up $0.25 during trading on Friday, hitting $4.63. 69,405 shares of the stock traded hands, compared to its average volume of 99,699. The company has a fifty day moving average price of $6.60 and a two-hundred day moving average price of $9.20. Offerpad Solutions has a twelve month low of $4.17 and a twelve month high of $63.50. The company has a quick ratio of 0.69, a current ratio of 1.66 and a debt-to-equity ratio of 0.32.
Offerpad Solutions (NYSE:OPAD – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.01. The firm had revenue of $80.08 million for the quarter, compared to the consensus estimate of $86.25 million. Offerpad Solutions had a negative return on equity of 112.51% and a negative net margin of 8.51%. As a group, research analysts forecast that Offerpad Solutions will post -5.8 EPS for the current year.
Analyst Ratings Changes
View Our Latest Stock Report on OPAD
Insider Transactions at Offerpad Solutions
In other Offerpad Solutions news, CEO Brian Bair acquired 12,292 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was purchased at an average cost of $7.90 per share, for a total transaction of $97,106.80. Following the transaction, the chief executive officer owned 30,745 shares of the company’s stock, valued at $242,885.50. The trade was a 66.61% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 40.60% of the company’s stock.
Institutional Investors Weigh In On Offerpad Solutions
A number of large investors have recently bought and sold shares of OPAD. Tudor Investment Corp ET AL bought a new position in Offerpad Solutions during the third quarter valued at about $79,000. Engineers Gate Manager LP bought a new stake in shares of Offerpad Solutions during the 4th quarter worth about $27,000. AQR Capital Management LLC boosted its stake in shares of Offerpad Solutions by 69.6% during the 1st quarter. AQR Capital Management LLC now owns 24,308 shares of the company’s stock worth $40,000 after acquiring an additional 9,979 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Offerpad Solutions during the 4th quarter valued at about $32,000. Finally, Barclays PLC increased its holdings in shares of Offerpad Solutions by 190.5% during the 4th quarter. Barclays PLC now owns 33,345 shares of the company’s stock valued at $40,000 after acquiring an additional 21,868 shares during the last quarter. 39.44% of the stock is currently owned by institutional investors.
Offerpad Solutions Company Profile
Offerpad Solutions, Inc, listed on the NYSE under the ticker OPAD, is a technology-driven real estate platform specializing in the direct purchase, renovation and resale of single-family homes. Since its founding in 2015 and headquartered in Chandler, Arizona, the company leverages proprietary data analytics and algorithms to deliver fast, all-cash offers and flexible closing timelines to homeowners in select markets across the United States.
The company’s core services include its Instant Offer program for home acquisitions, in-house renovation and repair services to prepare properties for resale, and a suite of ancillary offerings such as title and escrow, home trade-in solutions and mortgage origination through strategic partnerships.
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