5 Best One Dollar Stocks to Buy According To Hedge Funds

4. Offerpad Solutions Inc. (NYSE:OPAD)

Number of Hedge Fund Holders: 16

Share Price as of January 26: $0.6878

Offerpad Solutions Inc. (NYSE:OPAD) is an Arizona-based company engaged in purchasing, selling, renting, and renovating properties in the United States. It operates iBuying, a real estate solutions platform for on-demand customers. Offerpad Solutions Inc. (NYSE:OPAD) is one of the best one dollar stocks to buy according to smart investors. 

On December 13, Keefe Bruyette analyst Ryan Tomasello downgraded Offerpad Solutions Inc. (NYSE:OPAD) to Underperform from Market Perform with a price target of 40c, down from 60c. The analyst expects real estate technology and services stocks to remain volatile in 2023 “as investors continue to ascribe a high risk premium to the group.”

According to Insider Monkey’s Q3 data, 16 hedge funds were bullish on Offerpad Solutions Inc. (NYSE:OPAD), compared to 18 funds in the preceding quarter. Joshua Nash’s Ulysses Management is the leading position holder in the company, with nearly 3 million shares worth $3.50 million. 

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