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 |
|---|---|---|---|
| 5/6/2025 | Mkt Outperform → Mkt Perform | Citizens JMP | |
| 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 |
Renovate delivers record $5.3 million in Q1 revenue up 29% sequentially 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, 2025. "In Q1, we delivered balanced results in line with expectations, led by increasing Cash Offer volume and growing contribution margin from our asset-light services," said Brian Bair, Chairman and CEO of Offerpad. "We're focused on building a strong, flexible foundation—enhancing the customer experience, driving efficiency, and scaling programs like Renovate and our Agent Partnership Program—so we're not only operating for today's marke
Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, announced today that it will release first-quarter 2025 financial results on Monday, May 5, 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 the process of buying a
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 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
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
Company to scale program through brokerage partnership(s) beginning in Q2 Offerpad (NYSE:OPAD), a leading real estate solutions platform, today announced the launch of HomePro, a product enhancement designed to increase in-home seller engagement and further the company's mission to deliver flexible, customer-first solutions. HomePro strengthens Offerpad's ability to meet sellers earlier in their journey by deploying HomePro Representatives to guide them through their options in the living room. Offerpad's ability to provide a cash offer remains the core of the company's value proposition and the primary reason consumers turn to Offerpad. Through technology like Citrus Value, sellers recei
Offerpad Renovate becomes an Auction.com preferred provider Offerpad (NYSE:OPAD), a leading real estate tech company offering flexible ways to buy and sell homes, and Auction.com, the nation's leading online marketplace, today announced a strategic partnership to transform how homes are bought and sold. By aligning their strengths and capabilities, the companies aim to deliver greater value, speed, and care for buyers, sellers, and communities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250506398328/en/ As part of the collaboration, Offerpad's Renovate division will become a preferred partner of renovation services for buyer
Renovate delivers record $5.3 million in Q1 revenue up 29% sequentially 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, 2025. "In Q1, we delivered balanced results in line with expectations, led by increasing Cash Offer volume and growing contribution margin from our asset-light services," said Brian Bair, Chairman and CEO of Offerpad. "We're focused on building a strong, flexible foundation—enhancing the customer experience, driving efficiency, and scaling programs like Renovate and our Agent Partnership Program—so we're not only operating for today's marke
Corley to Chair Offerpad's Audit Committee and serve on the Nominating & Governance Committee Offerpad (NYSE:OPAD), a leading real estate tech company built to give home buyers and sellers more control, choice, and certainty, today announced the appointment of Donna Corley to its Board of Directors, effective immediately. Corley will serve as Chair of the Audit Committee and as a member of the Nominating & Governance Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250424980267/en/Corley to Chair Offerpad's Audit Committee and serve on the Nominating & Governance Committee Corley is the founder of Guiding Star Advisory,
Offerpad Solutions Inc. ("Offerpad" or the "Company") (NYSE:OPAD), reports that, on April 10, 2025, it received written notice (the "NYSE Notification") from the New York Stock Exchange ("NYSE") that the Company is not in compliance with Section 802.01B of the NYSE Listed Company Manual because its average global market capitalization over a consecutive 30 trading-day period and, at the same time, its last reported stockholders' equity were each less than $50 million. The Company plans to notify the NYSE that it intends to submit a plan to cure the deficiency and to return to compliance with the NYSE continued listing standards. As required by NYSE, within 45 days of the Company's receipt
Offerpad Solutions Inc. ("Offerpad") (NYSE:OPAD), a leading tech-enabled platform for residential real estate, announced today that it will release first-quarter 2025 financial results on Monday, May 5, 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 the process of buying a
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
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 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 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
Citizens JMP downgraded Offerpad Solutions from Mkt Outperform to Mkt Perform
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
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Corley to Chair Offerpad's Audit Committee and serve on the Nominating & Governance Committee Offerpad (NYSE:OPAD), a leading real estate tech company built to give home buyers and sellers more control, choice, and certainty, today announced the appointment of Donna Corley to its Board of Directors, effective immediately. Corley will serve as Chair of the Audit Committee and as a member of the Nominating & Governance Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250424980267/en/Corley to Chair Offerpad's Audit Committee and serve on the Nominating & Governance Committee Corley is the founder of Guiding Star Advisory,
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
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