Offerpad Solutions: Retaining Sell Rating With Headwinds Getting Stronger [Seeking Alpha]
Offerpad Solutions Inc. Class A (OPAD)
Company Research
Source: Seeking Alpha
That does not make OPAD stock a buy as it continues facing internal and external challenges. It remains to be seen whether the new PRO and MAX programs spark a turnaround. I am sticking with my Sell rating. I wrote my previous and, so far, only article on Offerpad Solutions Inc. ( NYSE: OPAD more than four months ago in October 2023. With the company expected to report its Q4 earnings in a couple of weeks, I'd like to present this follow-up article to see how things stand now compared to more than a quarter ago. In my October review, I rated the stock a "Sell", citing five major headwinds for the company. Since then, the stock has gained 11% compared to the market's 18% gain. But, does that mean Offerpad is getting ready to turn around, or was the stock simply a non-contributing passenger in the market's overall momentum? Let's find out revisiting the concerns raised in my earlier review plus covering new events, both positives and negatives. Macro Challenges Remain In Of
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OPAD
News
- Offerpad Solutions Inc. (OPAD) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release [Yahoo! Finance]Yahoo! Finance
- Offerpad to Release First Quarter Results on May 6thBusiness Wire
- Offerpad Solutions Inc. (NYSE: OPAD) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $12.00 price target on the stock.MarketBeat
- Offerpad Sponsors IMN’s Single Family Rental Forum East and West to Deliver a Solutions Center for AllBusiness Wire
- Offerpad, Irsa Inversiones Y Representaciones, Safe and Green Development among real estate movers [Seeking Alpha]Seeking Alpha
OPAD
Earnings
- 2/26/24 - Miss
OPAD
Sec Filings
- 4/24/24 - Form ARS
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- OPAD's page on the SEC website