Offerpad Solutions Inc. (NYSE:OPAD) Director Roberto Marco Sella Buys 7,698 Shares

Offerpad Solutions Inc. (NYSE:OPAD) Director Roberto Marco Sella purchased 7,698 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was bought at an average price of $4.90 per share, with a total value of $37,720.20. Following the completion of the transaction, the director now directly owns 3,138,883 shares of the company’s stock, valued at $15,380,526.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Roberto Marco Sella also recently made the following trade(s):

• On Wednesday, June 12th, Roberto Marco Sella purchased 2,735 shares of Offerpad Solutions stock. The shares were purchased at an average price of $4.90 per share, for a total transaction of $13,401.50.
• On Monday, June 10th, Roberto Marco Sella bought 15,104 shares of Offerpad Solutions stock. The stock was acquired at an average cost of $4.89 per share, for a total transaction of $73,858.56.
• On Wednesday, June 5th, Roberto Marco Sella bought 10,045 shares of Offerpad Solutions stock. The shares were acquired at an average price of $4.90 per share, with a total value of $49,220.50.
• On Monday, June 3rd, Roberto Marco Sella purchased 8,003 shares of Offerpad Solutions stock. The shares were bought at an average price of $4.77 per share, with a total value of $38,174.31.
• On Friday, May 31st, Roberto Marco Sella bought 10,000 shares of Offerpad Solutions stock. The stock was purchased at an average cost of $4.87 per share, with a total value of $48,700.00.
• On Wednesday, May 29th, Roberto Marco Sella bought 2,500 shares of Offerpad Solutions stock. The shares were acquired at an average price of $5.07 per share, for a total transaction of $12,675.00.

Offerpad Solutions Trading Up 2.2 %

Shares of NYSE:OPAD traded up $0.11 during midday trading on Friday, hitting $5.12. The company had a trading volume of 46,278 shares, compared to its average volume of 37,043. Offerpad Solutions Inc. has a 12 month low of $4.50 and a 12 month high of $15.19. The stock has a market cap of $139.70 million, a price-to-earnings ratio of -1.86 and a beta of 1.85. The firm has a fifty day simple moving average of $6.37 and a 200 day simple moving average of $8.10.

Offerpad Solutions (NYSE:OPAD) last issued its quarterly earnings data on Monday, May 6th. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.28). The business had revenue of $285.36 million for the quarter, compared to analyst estimates of $272.07 million. Offerpad Solutions had a negative return on equity of 69.44% and a negative net margin of 7.60%. Equities analysts forecast that Offerpad Solutions Inc. will post -1.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on OPAD shares. JPMorgan Chase & Co. decreased their target price on shares of Offerpad Solutions from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. Keefe, Bruyette & Woods dropped their price objective on shares of Offerpad Solutions from $6.25 to $6.00 and set an “underperform” rating on the stock in a research note on Wednesday, May 8th. JMP Securities cut their target price 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. Finally, The Goldman Sachs Group decreased their price target on Offerpad Solutions from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9.83.

Institutional Trading of Offerpad Solutions

An institutional investor recently bought a new position in Offerpad Solutions stock. Cerity Partners LLC bought a new stake in Offerpad Solutions Inc. (NYSE:OPAD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 23,396 shares of the company’s stock, valued at approximately $240,000. Cerity Partners LLC owned about 0.09% of Offerpad Solutions as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 39.44% of the company’s stock.

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.