Offerpad Solutions Inc. engages in buying, selling, renting, and renovating properties to homeowners in the United States. It operates iBuying, a real estate solutions platform, which includes that empowers homeowners with customizable solutions and home selling experience. The company was founded in 2015 and is based in Gilbert, Arizona.
IPO Year: 2020
Exchange: NYSE
Website: offerpad.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/6/2024 | Underperform → Mkt Perform | Keefe Bruyette | |
| 3/8/2023 | Overweight → Neutral | JP Morgan | |
| 12/14/2022 | $0.60 → $0.40 | Mkt Perform → Underperform | Keefe Bruyette |
| 7/22/2022 | $10.00 | Overweight | Cantor Fitzgerald |
| 7/11/2022 | $5.00 | Outperform | Wedbush |
| 6/21/2022 | $5.50 | Buy | Compass Point |
| 6/9/2022 | $12.00 → $8.50 | Mkt Outperform | JMP Securities |
| 3/30/2022 | $6.00 | Neutral | Goldman |
| 2/14/2022 | $15.00 | Mkt Perform | Keefe Bruyette |
| 2/3/2022 | $6.50 → $4.00 | Hold | Jefferies |
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, announced today that Offerpad is expected to be included in the Russell 2000® and 3000® Indexes effective at the open of U.S. equity markets on July 1, 2024. A preliminary list of index additions, including OPAD, was posted by FTSE Russell on May 24, 2024. "We are pleased to be added to The Russell 2000 and 3000, a leading global index provider. We believe being a part of the index will raise visibility into Offerpad's real estate platform and our huge market opportunity to a broad range of quality investors," said Brian Bair, Offerpad's Chairman and CEO. The Russell indexes ar
Seasoned executive with 20+ years of finance leadership at WarnerMedia, TBS, and AT&T Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, today announced the appointment of Peter Knag as its new Chief Financial Officer, effective June 5, 2024. Knag brings a proven track record of success and deep financial acumen to Offerpad, having excelled in senior financial leadership roles across the media, telecommunications, technology, and finance sectors. Knag is the former Executive Vice President & Chief Financial Officer for Turner Broadcasting System, Inc., the parent company of CNN, TNT, and TBS. He joined Turner in June 2018 follo
Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, announced today that Offerpad is expected to be included in the Russell 2000® and 3000® Indexes effective at the open of U.S. equity markets on July 1, 2024. A preliminary list of index additions, including OPAD, was posted by FTSE Russell on May 24, 2024."We are pleased to be added to The Russell 2000 and 3000, a leading global index provider. We believe being a part of the index will raise visibility into Offerpad's real estate platform and our huge market opportunity to a broad range of quality investors," said Brian Bair, Offerpad's Chairman and CEO.
Keefe, Bruyette & Woods analyst Ryan Tomasello maintains Offerpad Solutions (NYSE:OPAD) with a Underperform and lowers the price target from $6.25 to $6.
Ratings for Offerpad Solutions (NYSE:OPAD) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 3 0 0 Last 30D 0 1 1 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 2 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $8.6, a high estimate of $12.00, and a low estimate of $6.00. Experiencing a 7.03% decline, the current
JMP Securities analyst Nicholas Jones maintains Offerpad Solutions (NYSE:OPAD) with a Market Outperform and lowers the price target from $12 to $9.
Goldman Sachs analyst Michael Ng maintains Offerpad Solutions (NYSE:OPAD) with a Neutral and lowers the price target from $7 to $6.
Offerpad Solutions (NYSE:OPAD) reported quarterly losses of $(0.65) per share which missed the analyst consensus estimate of $(0.46) by 41.3 percent. The company reported quarterly sales of $285.358 million which beat the analyst consensus estimate of $270.185 million by 5.62 percent. This is a 53.19 percent decrease over sales of $609.579 million the same period last year.
Net Loss & Adj EBITDA Improve 32% and 53% Versus Prior Year Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the three months ended September 30, 2024. "During the third quarter, we delivered revenue at the high end of our guidance. We've expanded our asset-light services, strengthened partnerships, and optimized our organization," said Brian Bair, Offerpad's CEO. "This positions Offerpad well as we return to normalized acquisition levels in our cash offer business with a streamlined cost structure." Highlights include: Improved net loss and adjusted EBITDA 32% and 53%, respectively, from
Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, announced today that it will release third-quarter 2024 financial results on Monday, November 4, 2024. The company also will host a conference call at 4:30 p.m. ET / 1:30 p.m. PT that same day to discuss financial results and recent developments. The conference call will be webcast live on the events page of Offerpad's Investor Relations website. Those interested in the call can also register here. A replay of the event will be available on Offerpad's Investor Relations website after the live webcast concludes. About Offerpad Offerpad, dedicated to simplifying the process of buy
Gross Margin Improves for Third Consecutive Quarter Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the three months ended June 30, 2024. "During the second quarter, we delivered revenue within our guidance and sequential improvement in Adjusted EBITDA. Our focus on expense management, and the continued growth in our asset light platform services, drove improvement in gross margin, contribution margin, and Adjusted EBITDA," said Brian Bair, Offerpad's chief executive officer. "We intend to remain flexible to adapt quickly to market shifts and have adjusted our buy box, focusing more on wi
Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, announced today the company will release second-quarter 2024 financial results on Monday, August 5, 2024. The company also will host a conference call at 4:30 p.m. ET / 1:30 p.m. PT that same day to discuss financial results and recent developments. The conference call will be webcast live on the events page of Offerpad's Investor Relations website. Those interested in the call can also register here. A replay of the event will be available on Offerpad's Investor Relations website after the live webcast concludes. About Offerpad Offerpad, dedicated to simplifying the process
Q1 2024 revenue of $285 million at the high end of guidance, up sequentially for third consecutive quarter with gross profit up 210% annually Record-breaking quarter for Offerpad Renovate Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the three months ended March 31, 2024. "The first quarter of 2024 continued the positive trajectory we experienced exiting 2023. While the macro is still volatile, the first quarter was one of increasing stability and we believe this trend will continue through 2024," said Brian Bair, Offerpad's chairman and chief executive officer. "We are making steady
Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, announced today the company will release first-quarter 2024 financial results on Monday, May 6, 2024. The company also will host a conference call at 4:30 p.m. ET / 1:30 p.m. PT that same day to discuss financial results and recent developments. The conference call will be webcast live on the events page of Offerpad's Investor Relations website. Those interested in the call can also register here. A replay of the event will be available on Offerpad's Investor Relations website after the live webcast concludes. About Offerpad Offerpad's mission is to deliver the best home buyi
Q4 2023 revenue of $240.5 million up sequentially and in-line with guidance Full year 2023 revenue of $1.3 billion Reiterates expectation to achieve sustainable Adjusted EBITDA profitability in 2024 Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the three months ended and full year December 31, 2023. "We successfully navigated 2023 from a position of operational excellence," said Brian Bair, chairman and CEO. "During the year, we acted decisively to streamline the business and reduce costs, setting us up to drive improved top line growth and profitability in 2024 and beyond. At the s
Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, announced today the company will release fourth-quarter and full year 2023 financial results on Monday, February 26, 2024. The company also will host a conference call at 4:30 p.m. ET / 1:30 p.m. PT that same day to discuss financial results and recent developments. The conference call will be webcast live on the events page of Offerpad's Investor Relations website. Those interested in the call can also register here. A replay of the event will be available on Offerpad's Investor Relations website after the live webcast concludes. About Offerpad Offerpad's mission is to deliv
Revenue of $234.2 million up from the second quarter and in line with guidance Company expects to achieve sustainable Adj EBITDA profitability in 2024 Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the three months ended September 30, 2023. "We are pleased that we met both top and bottom-line expectations in the third quarter, despite a continued difficult macro environment. We are particularly proud of our expanding contribution margin," said Brian Bair, Offerpad's chairman and CEO. "We have proven we can perform in a difficult market, and we have exciting opportunities ahead of us. W
Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, announced today the company will release third-quarter financial results on Wednesday, November 1, 2023. The company also will host a conference call at 4:30 p.m. ET that same day to discuss financial results and recent developments. The conference call will be webcast live on the events page of Offerpad's Investor Relations website. Those interested in the call can also register here. A replay of the event will be available on Offerpad's Investor Relations website after the live webcast concludes. About Offerpad Offerpad's mission is to deliver the best home buying and selli
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
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Net Loss & Adj EBITDA Improve 32% and 53% Versus Prior Year Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the three months ended September 30, 2024. "During the third quarter, we delivered revenue at the high end of our guidance. We've expanded our asset-light services, strengthened partnerships, and optimized our organization," said Brian Bair, Offerpad's CEO. "This positions Offerpad well as we return to normalized acquisition levels in our cash offer business with a streamlined cost structure." Highlights include: Improved net loss and adjusted EBITDA 32% and 53%, respectively, from
Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, announced today that it will release third-quarter 2024 financial results on Monday, November 4, 2024. The company also will host a conference call at 4:30 p.m. ET / 1:30 p.m. PT that same day to discuss financial results and recent developments. The conference call will be webcast live on the events page of Offerpad's Investor Relations website. Those interested in the call can also register here. A replay of the event will be available on Offerpad's Investor Relations website after the live webcast concludes. About Offerpad Offerpad, dedicated to simplifying the process of buy
Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, today announced that Brian Bair, Offerpad's Chairman and CEO, will participate in a fireside chat at 8:50 am PT on Tuesday, September 10, 2024 at the Goldman Sachs Communacopia + Technology Conference. The live webcast can be accessed under the "Events & Presentations" section of Offerpad's Investor Relations website at investor.offerpad.com. A webcast replay will be available on Offerpad's website following the event for 180 days. About Offerpad Offerpad, dedicated to simplifying the process of buying and selling homes, is a publicly traded company committed to providing compr
Online Portal Enhances Support for Pro and Max Agent Programs, Boosting Efficiency and Success in a Competitive Market Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-driven platform for residential real estate, announced its launch of Powered By Offerpad (PBO), a new online portal for agents and agent teams who are part of the company's Pro and Max agent programs. Offerpad continues to be a trusted leader among the agent community with its commitment to providing simple real estate solutions for all through its proprietary technology. The new portal launched in Q2 as the company's Agent Partner Program flourishes; roughly one-third of all real estate acquisitions in Q2 ‘
Gross Margin Improves for Third Consecutive Quarter Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the three months ended June 30, 2024. "During the second quarter, we delivered revenue within our guidance and sequential improvement in Adjusted EBITDA. Our focus on expense management, and the continued growth in our asset light platform services, drove improvement in gross margin, contribution margin, and Adjusted EBITDA," said Brian Bair, Offerpad's chief executive officer. "We intend to remain flexible to adapt quickly to market shifts and have adjusted our buy box, focusing more on wi
Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, announced today the company will release second-quarter 2024 financial results on Monday, August 5, 2024. The company also will host a conference call at 4:30 p.m. ET / 1:30 p.m. PT that same day to discuss financial results and recent developments. The conference call will be webcast live on the events page of Offerpad's Investor Relations website. Those interested in the call can also register here. A replay of the event will be available on Offerpad's Investor Relations website after the live webcast concludes. About Offerpad Offerpad, dedicated to simplifying the process
Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-driven platform for residential real estate, today announced a new integration with Realtor.com® to provide cash offers to more sellers. Through this integration, Offerpad will extend its reach to a larger audience of potential sellers, offering them an efficient and seamless selling experience. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611921216/en/Offerpad is extending its reach to a larger audience of potential sellers through an integration with Realtor.com®. (Graphic: Business Wire) "The integration with Offerpad is a natural fit for Realtor.com® as we
Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, announced today that Offerpad is expected to be included in the Russell 2000® and 3000® Indexes effective at the open of U.S. equity markets on July 1, 2024. A preliminary list of index additions, including OPAD, was posted by FTSE Russell on May 24, 2024. "We are pleased to be added to The Russell 2000 and 3000, a leading global index provider. We believe being a part of the index will raise visibility into Offerpad's real estate platform and our huge market opportunity to a broad range of quality investors," said Brian Bair, Offerpad's Chairman and CEO. The Russell indexes ar
Seasoned executive with 20+ years of finance leadership at WarnerMedia, TBS, and AT&T Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, today announced the appointment of Peter Knag as its new Chief Financial Officer, effective June 5, 2024. Knag brings a proven track record of success and deep financial acumen to Offerpad, having excelled in senior financial leadership roles across the media, telecommunications, technology, and finance sectors. Knag is the former Executive Vice President & Chief Financial Officer for Turner Broadcasting System, Inc., the parent company of CNN, TNT, and TBS. He joined Turner in June 2018 follo
Offerpad debuts top 5 list of markets where sellers use the free moving services Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-driven platform for residential real estate, is reaffirming its commitment to making real estate simple and stress-free during National Moving Month by showcasing data that shows the popularity of the company's Free Local Move program for home sellers on its platform and trend data around where people are making local moves. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240514222030/en/Offerpad customers on the move (Graphic: Business Wire) Offerpad has provided a free local move si
Keefe Bruyette upgraded Offerpad Solutions from Underperform to Mkt Perform
JP Morgan downgraded Offerpad Solutions from Overweight to Neutral
Keefe Bruyette downgraded Offerpad Solutions from Mkt Perform to Underperform and set a new price target of $0.40 from $0.60 previously
Cantor Fitzgerald resumed coverage of Offerpad Solutions with a rating of Overweight and set a new price target of $10.00
Wedbush initiated coverage of Offerpad Solutions with a rating of Outperform and set a new price target of $5.00
Compass Point initiated coverage of Offerpad Solutions with a rating of Buy and set a new price target of $5.50
JMP Securities resumed coverage of Offerpad Solutions with a rating of Mkt Outperform and set a new price target of $8.50 from $12.00 previously
Goldman initiated coverage of Offerpad Solutions with a rating of Neutral and set a new price target of $6.00
Keefe Bruyette initiated coverage of Offerpad Solutions with a rating of Mkt Perform and set a new price target of $15.00
Jefferies resumed coverage of Offerpad Solutions with a rating of Hold and set a new price target of $4.00 from $6.50 previously
10-Q - Offerpad Solutions Inc. (0001825024) (Filer)
8-K - Offerpad Solutions Inc. (0001825024) (Filer)
10-Q - Offerpad Solutions Inc. (0001825024) (Filer)
8-K - Offerpad Solutions Inc. (0001825024) (Filer)
8-K - Offerpad Solutions Inc. (0001825024) (Filer)
8-K - Offerpad Solutions Inc. (0001825024) (Filer)
8-K - Offerpad Solutions Inc. (0001825024) (Filer)
8-K - Offerpad Solutions Inc. (0001825024) (Filer)
8-K - Offerpad Solutions Inc. (0001825024) (Filer)
10-Q - Offerpad Solutions Inc. (0001825024) (Filer)