Offerpad Solutions Inc. (OPAD)

NYSE: OPAD · IEX Real-Time Price · USD
5.88
-0.17 (-2.81%)
May 17, 2024, 4:00 PM EDT - Market closed
-2.81%
Market Cap 159.44M
Revenue (ttm) 990.19M
Net Income (ttm) -75.29M
Shares Out 27.30M
EPS (ttm) -2.73
PE Ratio n/a
Forward PE 2.96
Dividend n/a
Ex-Dividend Date n/a
Volume 33,821
Open 6.05
Previous Close 6.05
Day's Range 5.50 - 6.18
52-Week Range 5.54 - 15.20
Beta 2.02
Analysts Hold
Price Target 9.14 (+55.44%)
Earnings Date May 6, 2024

About OPAD

Offerpad Solutions Inc., together with its subsidiaries, provides technology-enabled solutions for residential real estate market in the United States. It operates iBuying, a real estate solutions platform for on-demand customer that provides home buyers the opportunity to browse and tour homes online. It buys and sells homes through cash offer and listing services. In addition, the company offers renovation services; and ancillary products and services, including mortgage, title insurance, and escrow services, as well as Offerpad Bundle Reward... [Read more]

Sector Real Estate
Founded 2015
Employees 350
Stock Exchange NYSE
Ticker Symbol OPAD
Full Company Profile

Financial Performance

In 2023, OPAD's revenue was $1.31 billion, a decrease of -66.74% compared to the previous year's $3.95 billion. Losses were -$117.22 million, -21.13% less than in 2022.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for OPAD stock is "Hold." The 12-month stock price forecast is $9.14, which is an increase of 55.44% from the latest price.

Price Target
$9.14
(55.44% upside)
Analyst Consensus: Hold
Stock Forecasts

News

National Moving Month: Offerpad's Free Local Move Program

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-driven platform for residential real estate, is reaffirming its commitment to making real estate sim...

4 days ago - Business Wire

Offerpad Announces Participation in the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference and the KBW Virtual Real Estate Finance & Technology Conference

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today announced that Brian Bair, Offerpad's Chairman a...

10 days ago - Business Wire

Offerpad Reports First Quarter 2024 Results

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the three months ...

12 days ago - Business Wire

Redfin, Offerpad, Zillow, Compass stocks are falling: here's why

Proptech stocks are having a bad year. Redfin (RDFN) stock price has crashed by over 62% this year while Offerpad (OPAD), Compass (COMP, and Zillow (Z) have plunged by over 26% and 27% this year.

Other symbols: COMPRDFNZZG
4 weeks ago - Invezz

Offerpad to Release First Quarter Results on May 6th

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, announced today the company will release first-quarter...

4 weeks ago - Business Wire

Offerpad Sponsors IMN's Single Family Rental Forum East and West to Deliver a Solutions Center for All

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-driven platform for residential real estate, today announced their participation as a Silver Level s...

6 weeks ago - Business Wire

Offerpad Provides Company Update on Agent Momentum & New Growth Opportunities Around Services

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-driven platform for residential real estate, has announced it is expanding its new Offerpad Max agen...

2 months ago - Business Wire

Offerpad Announces Participation in The Citizens JMP Technology Conference

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today announced that Brian Bair, Offerpad's Chairman and CEO, will ...

2 months ago - Business Wire

Offerpad Reports Fourth Quarter and Full Year 2023 Results

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the three months ...

2 months ago - Business Wire

Offerpad to Release Fourth-Quarter and Full Year Results on February 26th

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, announced today the company will release fourth-quarte...

3 months ago - Business Wire

Offerpad Announces Unmatched 3% + 1% Agent Program

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-driven platform for residential real estate, has unveiled a new 3% + 1% agent program, a significant...

3 months ago - Business Wire

NYSE to Commence Delisting Proceedings with Respect to the Warrants of Offerpad Solutions Inc. (OPAD WS)

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the warrants of Offer...

6 months ago - Business Wire

Offerpad Reports Third Quarter 2023 Results

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the three months ...

7 months ago - Business Wire

Offerpad Selects Anywhere℠ to Serve Sellers Beyond Current Market Reach

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-driven platform for residential real estate operating in 14 states and over 1,000 cities, has unveil...

7 months ago - Business Wire

US mortgage rates hit 8%: Is it safe to buy RDFN, COMP, OPAD, OPEN stocks dip?

US mortgage rates are soaring as investors predict that the Federal Reserve will continue hiking rates for longer. They jumped to 8% on Thursday for the first time in 23 years.

Other symbols: COMPRDFNOPEN
7 months ago - Invezz

Offerpad to Release Third-Quarter Results on November 1st

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, announced today the company will release third-quarter...

7 months ago - Business Wire

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Offerpad Solutions Inc. (NYSE: OPAD)

NEW YORK , Aug. 25, 2023 /PRNewswire/ -- Levi & Korsinsky announces that it has commenced an investigation of Offerpad Solutions Inc. (NYSE: OPAD) concerning possible breaches of fiduciary duty. To ob...

9 months ago - PRNewsWire

Offerpad Announces Participation in Goldman Sachs Communacopia + Technology Conference

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today announced that Brian Bair, Offerpad's Chairman and CEO, will ...

9 months ago - Business Wire

Offerpad Reports Second Quarter 2023 Results

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today released financial results for the three months ...

10 months ago - Business Wire

Offerpad's Agent Partnership Program: 3 Years of 3% to Real Estate Agents

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, is celebrating the third anniversary of its Agent Part...

10 months ago - Business Wire

Veteran Finance and Tech Executive with Track Record of Driving Transformational Change Joins Offerpad

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, today announced that Jawad Ahsan will become Chief Fin...

11 months ago - Business Wire

Offerpad to Release Second-Quarter Results on August 2nd

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, announced today the company will release second-quarte...

11 months ago - Business Wire

Offerpad's Simple Real Estate Solutions Drive Greater Customer Satisfaction During Heightened Market Uncertainty

CHANDLER, Ariz.--(BUSINESS WIRE)--To say the real estate market has changed over the last year is an understatement. Volatility and uncertainty in the market have added to reasons why consumers value ...

11 months ago - Business Wire

Offerpad Announces Reverse Stock Split to Satisfy NYSE Listing Requirement

It is "intended to, among other things, increase the per share trading price of the class A Common Stock to satisfy the price requirements for continued listing on the NYSE," the company said.

1 year ago - Barrons

Offerpad Announces Reverse Stock Split

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad” or the “Company”) (NYSE: OPAD), a leading tech-enabled platform for residential real estate, announced today that it will effect a...

1 year ago - Business Wire