Brian Bair Purchases 125,000 Shares of Offerpad Solutions (NYSE:OPAD) Stock

Offerpad Solutions Inc. (NYSE:OPAD) CEO Brian Bair bought 125,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average price of $0.82 per share, with a total value of $102,500.00. Following the completion of the transaction, the chief executive officer owned 184,534 shares in the company, valued at approximately $151,317.88. This trade represents a 209.96% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Brian Bair also recently made the following trade(s):

• On Wednesday, June 3rd, Brian Bair bought 122,920 shares of Offerpad Solutions stock. The shares were bought at an average price of $0.79 per share, with a total value of $97,106.80.

Offerpad Solutions Stock Performance

NYSE:OPAD opened at $0.62 on Friday. The stock has a fifty day moving average price of $0.73 and a 200-day moving average price of $1.06. The company has a market cap of $29.39 million, a price-to-earnings ratio of -0.51 and a beta of 2.42. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.69 and a current ratio of 1.66. Offerpad Solutions Inc. has a fifty-two week low of $0.57 and a fifty-two week high of $6.35.

Offerpad Solutions shares are going to reverse split on Tuesday, June 9th. The 1-10 reverse split was announced on Thursday, June 4th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, June 8th.

Offerpad Solutions (NYSE:OPAD) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.01. Offerpad Solutions had a negative return on equity of 112.51% and a negative net margin of 8.51%.The company had revenue of $80.08 million during the quarter, compared to analysts’ expectations of $86.25 million. As a group, equities analysts anticipate that Offerpad Solutions Inc. will post -0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Offerpad Solutions

A number of institutional investors have recently made changes to their positions in the stock. PEAK6 LLC bought a new stake in shares of Offerpad Solutions in the 4th quarter valued at about $60,000. XTX Topco Ltd acquired a new stake in Offerpad Solutions in the fourth quarter valued at approximately $63,000. Quadrature Capital Ltd acquired a new stake in Offerpad Solutions in the fourth quarter valued at approximately $306,000. Engineers Gate Manager LP acquired a new stake in Offerpad Solutions in the fourth quarter valued at approximately $27,000. Finally, Barclays PLC boosted its position in shares of Offerpad Solutions by 190.5% during the fourth quarter. Barclays PLC now owns 33,345 shares of the company’s stock valued at $40,000 after buying an additional 21,868 shares during the last quarter. Institutional investors own 39.44% of the company’s stock.

Analyst Ratings Changes

OPAD has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Offerpad Solutions in a report on Wednesday, May 27th. Keefe, Bruyette & Woods lowered their price target on Offerpad Solutions from $1.00 to $0.85 and set a “market perform” rating for the company in a report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $2.62.

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.