Keefe Bruyette initiated coverage on Offerpad Solutions with a new price target
$OPAD
Real Estate
Finance
Keefe Bruyette initiated coverage of Offerpad Solutions with a rating of Mkt Perform and set a new price target of $15.00
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| 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 |
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.
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
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
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
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
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
10-Q - Offerpad Solutions Inc. (0001825024) (Filer)
8-K - Offerpad Solutions Inc. (0001825024) (Filer)
10-Q - Offerpad Solutions Inc. (0001825024) (Filer)
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
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SC 13D/A - Offerpad Solutions Inc. (0001825024) (Subject)