Saturday, June 25, 2022

An Analysis of Offerpad Solutions Inc. (OPAD)’s Potential Price Growth

Offerpad Solutions Inc.’s filing revealed that its Director DEGIORGIO KENNETH D acquired Company’s shares for reported $99500.0 on Mar 11. In the deal valued at $3.98 per share,25,000 shares were bought. As a result of this transaction, DEGIORGIO KENNETH D now holds 81,122 shares worth roughly $ 0.25 million.


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Then, OHARA RYAN bought 10,000 shares, generating $41,700 in total proceeds. Upon buying the shares at $4.17, the Director now owns 51,372 shares.

Before that, DEGIORGIO KENNETH D bought 15,000 shares. Offerpad Solutions Inc. shares valued at $126,000 were divested by the Director at a price of $8.40 per share. As a result of the transaction, DEGIORGIO KENNETH D now holds 53,388 shares, worth roughly $0.17 million.

Following these proceedings, Compass Point initiated its Offerpad Solutions Inc. [OPAD] rating to a Buy in a research note published on Tuesday, June 21, 2022; the price target was $5.50. PT values the company’s stock at a premium of 43.27 to its Tuesday closing price. Goldman began covering OPAD with a “Neutral” recommendation on March 30, 2022. Keefe Bruyette started covering the stock on February 14, 2022. It rated OPAD as “a Mkt perform”.

Price Performance Review of OPAD

On Tuesday, Offerpad Solutions Inc. [NYSE:OPAD] saw its stock fall -7.42% to $3.12. On the same session, the stock had its day’s lowest price of $3.05, but rose to a high of $3.55. Over the last five days, the stock has lost -10.34%. Offerpad Solutions Inc. shares have fallen nearly -51.25% since the year began. Nevertheless, the stocks have fallen -68.58% over the past one year. While a 52-week high of $20.97 was reached on 01/04/22, a 52-week low of $2.96 was recorded on 01/28/22. SMA at 50 days reached $4.69, while 200 days put it at $6.21. A total of 1.67 million shares were traded, compared to the trading of 0.68 million shares in the previous session.

Levels Of Support And Resistance For OPAD Stock

The 24-hour chart illustrates a support level at 2.93, which if violated will result in even more drops to 2.74. On the upside, there is a resistance level at 3.43. A further resistance level may holdings at 3.74. The Relative Strength Index (RSI) on the 14-day chart is 31.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.70%. Stochastics %K at 6.23% indicates the stock is a buying.

Offerpad Solutions Inc. [OPAD] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 3,965,649 shares, or roughly 1.72% of the outstanding OPAD shares. In other words, the investor’s shares have fallen by -162,791 from its previous 13-F filing of 4128440.0. Additionally, Zimmer Partners LP decreased -7.90% of its stake after which the total value it holdings stand at $16,738,294, while Ulysses Management LLC reduced 0.00% of its stake to hold $15.14 million in the firm. Over the last quarter, Luxor Capital Group LP sold -1,174,410 shares of Offerpad Solutions Inc., while Kemnay Advisory Services, Inc. sold 2,835,787 shares. At present, Glenmede Investment Management LP is holding 1,890,516 shares valued at $8.58 million. Park West Asset Management LLC owned 1,171,000 shares of the company at the time of its most recent 13F filing, worth $5.32 million.

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