2 weeks Ago By Defense World Staff
Rhumbline Advisers boosted its stake in Offerpad Solutions Inc. ( NYSE:OPAD – Free Report ) by 4,655.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC.
The firm owned 11,461 shares of the company’s stock after acquiring an additional 11,220 shares during the period. Rhumbline Advisers’ holdings in Offerpad Solutions were worth $51,000 as of its most recent filing with the SEC. Separately, Bank of New York Mellon Corp purchased a new stake in Offerpad Solutions in the second quarter worth $111,000.
39.44% of the stock is owned by institutional investors. Offerpad Solutions Price Performance NYSE:OPAD opened at $4.
06 on Tuesday. Offerpad Solutions Inc. has a 1 year low of $2.
57 and a 1 year high of $11.22. The stock’s fifty day moving average price is $3.
86 and its two-hundred day moving average price is $5.35. The company has a market cap of $110.
78 million, a P/E ratio of -1.47 and a beta of 1.81.
Analyst Ratings Changes OPAD has been the topic of a number of recent research reports. JMP Securities dropped their price target on Offerpad Solutions from $9.00 to $5.
50 and set a “market outperform” rating on the stock in a research report on Tuesday, August 6th. Keefe, Bruyette & Woods raised shares of Offerpad Solutions from an “underperform” rating to a “market perform” rating and dropped their price objective for the company from $6.00 to $3.
75 in a report on Tuesday, August 6th. View Our Latest Stock Report on OPAD Offerpad Solutions Profile ( Free Report ) 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.
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