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Offerpad Solutions (OPAD) Gets a Hold Rating from Jefferies

In a report issued on May 31, John Colantuoni from Jefferies maintained a Hold rating on Offerpad Solutions (OPADResearch Report), with a price target of $5.00. The company’s shares closed last Friday at $3.73, close to its 52-week low of $2.96.

According to TipRanks.com, Colantuoni is ranked 0 out of 5 stars with an average return of -25.3% and a 21.9% success rate. Colantuoni covers the Consumer Goods sector, focusing on stocks such as ACV Auctions, Mercadolibre, and Carvana Co.

Currently, the analyst consensus on Offerpad Solutions is a Moderate Buy with an average price target of $6.50.

See today’s best-performing stocks on TipRanks >>

Based on Offerpad Solutions’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.37 billion and net profit of $40.99 million. In comparison, last year the company earned revenue of $223 million and had a GAAP net loss of $1.32 million.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OPAD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Supernova Partners Acquisition Co Inc is a blank check company.

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