In a report released today, Mike Ng from Goldman Sachs reiterated a Buy rating on Offerpad Solutions (OPAD – Research Report). The company’s shares opened today at $11.80.
Ng covers the Technology sector, focusing on stocks such as Apple, Paypal Holdings, and HP. According to TipRanks, Ng has an average return of -23.0% and a 34.19% success rate on recommended stocks.
Currently, the analyst consensus on Offerpad Solutions is a Strong Buy with an average price target of $12.25.
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Based on Offerpad Solutions’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $609.58 million and a GAAP net loss of $59.45 million. In comparison, last year the company earned a revenue of $1.37 billion and had a net profit of $40.99 million
Based on the recent corporate insider activity of 31 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.
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Supernova Partners Acquisition Co Inc is a blank check company.
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