Offerpad Solutions Inc.
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
Peers
Recent Analyst Ratings for Offerpad Solutions Inc.
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 |
Offerpad Solutions Inc. Press Releases
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Offerpad's B2B Renovate Program Continues Strong Growth, Diversifies Portfolio with Expanding Partnerships
Offerpad (NYSE:OPAD), a leading real estate solutions provider, continues to strengthen its portfolio with the growth of its B2B Renovate program, which has emerged as a significant revenue driver for the company. Building on Offerpad's long-standing expertise in acquiring, renovating, and selling its own properties, the expansion of its renovation services to institutional investors and local operators underscores the company's ability to balance and diversify its business model. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250225953107/en/(Graphic: Business Wire) Offerpad has spent years refining its renovation processes, co
Offerpad Reports Fourth Quarter & Full Year 2024 Results
2024 Net Loss Improves 47%, or $55 million 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 and full year ended December 31, 2024. "In the fourth quarter, revenue exceeded the midpoint of our guidance, supported by a balanced mix of offerings. This performance was achieved with the support of our Renovate business surpassing $18 million in revenue for the year and our improved advertising efficiencies driven by our Agent Partnership Program growing to nearly a third of our acquisitions," said Brian Bair, Offerpad's CEO. "We've made tremendous product improv
Offerpad Announces Participation in the Citizens JMP Technology Conference
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 9:30 pm PT on Monday, March 3, 2025 at the Citizens JMP 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. About Offerpad Offerpad, dedicated to simplifying the process of buying and selling homes, is a publicly traded company committed to providing comprehensive solutions that removes the
Offerpad to Release Fourth Quarter & Full Year 2024 Results on February 24th
Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, announced today that it will release fourth-quarter & full year 2024 financial results on Monday, February 24, 2025. 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 t
Offerpad Introduces PriceLock
Sellers Receive a Secured Final Price, Free from Unexpected Changes Offerpad (NYSE:OPAD), a leader in providing streamlined home selling solutions, is proud to announce the launch of PriceLock, a commitment to provide homeowners with confidence during the selling process. PriceLock gives sellers peace of mind by locking in their final selling price at contract signing, removing any uncertainty and protecting against unexpected price reductions later, often seen in the industry. Here's How It Works: Request an Offer: Sellers request an offer and receive an estimated cash offer within minutes Schedule an Inspection: Sellers can schedule their home inspection on their timeline, i
Offerpad Reports Third Quarter 2024 Results
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 to Release Third Quarter Results on November 4th
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 Announces Participation in the Goldman Sachs Communacopia + Technology Conference
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
Offerpad Launches "Powered By Offerpad" Portal, Elevating Agent Partner Experience with Innovative Tools and Resources
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 ‘
Offerpad Reports Second Quarter 2024 Results
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. Analyst Ratings
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
Offerpad Solutions upgraded by Keefe Bruyette
Keefe Bruyette upgraded Offerpad Solutions from Underperform to Mkt Perform
Offerpad Solutions downgraded by JP Morgan
JP Morgan downgraded Offerpad Solutions from Overweight to Neutral
Offerpad Solutions downgraded by Keefe Bruyette with a new price target
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 on Offerpad Solutions with a new price target
Cantor Fitzgerald resumed coverage of Offerpad Solutions with a rating of Overweight and set a new price target of $10.00
Wedbush initiated coverage on Offerpad Solutions with a new price target
Wedbush initiated coverage of Offerpad Solutions with a rating of Outperform and set a new price target of $5.00
Compass Point initiated coverage on Offerpad Solutions with a new price target
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 on Offerpad Solutions with a new price target
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 on Offerpad Solutions with a new price target
Goldman initiated coverage of Offerpad Solutions with a rating of Neutral and set a new price target of $6.00
Keefe Bruyette initiated coverage on Offerpad Solutions with a new price target
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 on Offerpad Solutions with a new price target
Jefferies resumed coverage of Offerpad Solutions with a rating of Hold and set a new price target of $4.00 from $6.50 previously
Offerpad Solutions Inc. Insider Purchases
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
Director Sella Roberto Marco bought $100,122 worth of shares (20,433 units at $4.90), increasing direct ownership by 0.66% to 3,138,883 units (SEC Form 4)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
Director Sella Roberto Marco bought $144,007 worth of shares (29,490 units at $4.88), increasing direct ownership by 0.95% to 3,118,450 units (SEC Form 4)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
Sella Roberto Marco bought $73,400 worth of shares (15,073 units at $4.87), increasing direct ownership by 0.49% to 3,088,960 units (SEC Form 4)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
Sella Roberto Marco bought $86,837 worth of shares (18,003 units at $4.82), increasing direct ownership by 0.59% to 3,073,887 units (SEC Form 4)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
Sella Roberto Marco bought $56,986 worth of shares (11,662 units at $4.89), increasing direct ownership by 0.38% to 3,055,884 units (SEC Form 4)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
Bair Brian bought $19,809 worth of shares (3,800 units at $5.21), increasing direct ownership by 0.45% to 856,667 units (SEC Form 4)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
Bair Brian bought $227,109 worth of shares (41,632 units at $5.46), increasing direct ownership by 5% to 852,867 units (SEC Form 4)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
Offerpad Solutions Inc. Insider Trading
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
SEC Form 4 filed by Offerpad Solutions Inc.
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
SEC Form 4 filed by Offerpad Solutions Inc.
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
Director Palmer Sheryl was granted 6,578 shares, increasing direct ownership by 14% to 53,758 units (SEC Form 4)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
Director Ohara Ryan was granted 5,233 shares, increasing direct ownership by 13% to 46,294 units (SEC Form 4)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
Director Degiorgio Kenneth D was granted 5,849 shares, increasing direct ownership by 5% to 113,185 units (SEC Form 4)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
Director Palmer Sheryl was granted 4,618 shares, increasing direct ownership by 11% to 47,180 units (SEC Form 4)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
Chief Executive Officer Bair Brian covered exercise/tax liability with 2,263 shares, decreasing direct ownership by 0.26% to 854,404 units (SEC Form 4)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
Director Palmer Sheryl was granted 4,242 shares, increasing direct ownership by 11% to 42,562 units (SEC Form 4)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
Director Degiorgio Kenneth D was granted 5,373 shares, increasing direct ownership by 5% to 107,336 units (SEC Form 4)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
Director Ohara Ryan was granted 4,408 shares, increasing direct ownership by 12% to 41,061 units (SEC Form 4)
4 - Offerpad Solutions Inc. (0001825024) (Issuer)
Offerpad Solutions Inc. SEC Filings
SEC Form S-8 filed by Offerpad Solutions Inc.
S-8 - Offerpad Solutions Inc. (0001825024) (Filer)
SEC Form 10-K filed by Offerpad Solutions Inc.
10-K - Offerpad Solutions Inc. (0001825024) (Filer)
Offerpad Solutions Inc. filed SEC Form 8-K: Results of Operations and Financial Condition
8-K - Offerpad Solutions Inc. (0001825024) (Filer)
SEC Form 8-K filed by Offerpad Solutions Inc.
8-K - Offerpad Solutions Inc. (0001825024) (Filer)
SEC Form 10-Q filed by Offerpad Solutions Inc.
10-Q - Offerpad Solutions Inc. (0001825024) (Filer)
Offerpad Solutions Inc. filed SEC Form 8-K: Results of Operations and Financial Condition
8-K - Offerpad Solutions Inc. (0001825024) (Filer)
SEC Form 10-Q filed by Offerpad Solutions Inc.
10-Q - Offerpad Solutions Inc. (0001825024) (Filer)
Offerpad Solutions Inc. filed SEC Form 8-K: Results of Operations and Financial Condition
8-K - Offerpad Solutions Inc. (0001825024) (Filer)
SEC Form 8-K filed by Offerpad Solutions Inc.
8-K - Offerpad Solutions Inc. (0001825024) (Filer)
SEC Form 8-K filed by Offerpad Solutions Inc.
8-K - Offerpad Solutions Inc. (0001825024) (Filer)
Offerpad Solutions Inc. Leadership Updates
Live Leadership Updates
Offerpad to Join Russell 2000® and 3000® Index Effective July 1, 2024
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
Offerpad Appoints Peter Knag as Chief Financial Officer
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. Financials
Live finance-specific insights
Offerpad Reports Fourth Quarter & Full Year 2024 Results
2024 Net Loss Improves 47%, or $55 million 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 and full year ended December 31, 2024. "In the fourth quarter, revenue exceeded the midpoint of our guidance, supported by a balanced mix of offerings. This performance was achieved with the support of our Renovate business surpassing $18 million in revenue for the year and our improved advertising efficiencies driven by our Agent Partnership Program growing to nearly a third of our acquisitions," said Brian Bair, Offerpad's CEO. "We've made tremendous product improv
Offerpad to Release Fourth Quarter & Full Year 2024 Results on February 24th
Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, announced today that it will release fourth-quarter & full year 2024 financial results on Monday, February 24, 2025. 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 t
Offerpad Reports Third Quarter 2024 Results
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 to Release Third Quarter Results on November 4th
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 Reports Second Quarter 2024 Results
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 to Release Second Quarter Results on August 5th
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 Reports First Quarter 2024 Results
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 to Release First Quarter Results on May 6th
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
Offerpad Reports Fourth Quarter and Full Year 2023 Results
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 to Release Fourth-Quarter and Full Year Results on February 26th
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
Offerpad Solutions Inc. Large Ownership Changes
This live feed shows all institutional transactions in real time.
SEC Form SC 13D/A filed by Offerpad Solutions Inc. (Amendment)
SC 13D/A - Offerpad Solutions Inc. (0001825024) (Subject)
SEC Form SC 13G filed by Offerpad Solutions Inc.
SC 13G - Offerpad Solutions Inc. (0001825024) (Subject)
SEC Form SC 13D/A filed by Offerpad Solutions Inc. (Amendment)
SC 13D/A - Offerpad Solutions Inc. (0001825024) (Subject)
SEC Form SC 13G/A filed by Offerpad Solutions Inc. (Amendment)
SC 13G/A - Offerpad Solutions Inc. (0001825024) (Subject)
SEC Form SC 13D/A filed by Offerpad Solutions Inc. (Amendment)
SC 13D/A - Offerpad Solutions Inc. (0001825024) (Subject)
SEC Form SC 13D/A filed by Offerpad Solutions Inc. (Amendment)
SC 13D/A - Offerpad Solutions Inc. (0001825024) (Subject)
SEC Form SC 13G/A filed by Offerpad Solutions Inc. (Amendment)
SC 13G/A - Offerpad Solutions Inc. (0001825024) (Subject)
SEC Form SC 13G/A filed by Offerpad Solutions Inc. (Amendment)
SC 13G/A - Offerpad Solutions Inc. (0001825024) (Subject)
SEC Form SC 13G/A filed by Offerpad Solutions Inc. (Amendment)
SC 13G/A - Offerpad Solutions Inc. (0001825024) (Subject)
SEC Form SC 13G/A filed by Offerpad Solutions Inc. (Amendment)
SC 13G/A - Offerpad Solutions Inc. (0001825024) (Subject)