Offerpad Solutions Inc. (OPAD)

NYSE: OPAD · IEX Real-Time Price · USD
8.79
-0.31 (-3.41%)
Feb 27, 2024, 4:00 PM EST - Market closed
-3.41%
Market Cap 247.82M
Revenue (ttm) 1.75B
Net Income (ttm) -222.91M
Shares Out 27.23M
EPS (ttm) -11.60
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 49,213
Open 8.53
Previous Close 9.10
Day's Range 8.50 - 9.30
52-Week Range 6.00 - 15.20
Beta 2.15
Analysts Hold
Price Target 10.33 (+17.52%)
Earnings Date Feb 26, 2024

About OPAD

Offerpad Solutions Inc., together with its subsidiaries, engages in buying, selling, renting, and renovating properties to homeowners in the United States. It operates iBuying, a real estate solutions platform for on-demand customer. The company's platform enables customers to sell and buy homes online with streamlined access to ancillary services, such as mortgage and title insurance services. Offerpad Solutions Inc. was founded in 2015 and is headquartered in Chandler, Arizona. [Read more]

Sector Real Estate
Founded 2015
Employees 900
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 6 analysts, the average rating for OPAD stock is "Hold." The 12-month stock price forecast is $10.33, which is an increase of 17.52% from the latest price.

Price Target
$10.33
(17.52% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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 ...

1 day 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...

22 days 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...

4 weeks 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...

3 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 ...

4 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...

4 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
4 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...

4 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...

6 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 ...

6 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 ...

7 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...

7 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...

8 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...

8 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 ...

9 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.

9 months 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...

9 months ago - Business Wire

Offerpad Reports First Quarter 2023 Results

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad reports first-quarter 2023 earnings.

10 months ago - Business Wire

Offerpad to Release First-Quarter Results on May 3rd

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad to release first-quarter financial results May 3, 2023.

11 months ago - Business Wire

Offerpad to Present at Upcoming Investor Conference

CHANDLER, Ariz.--(BUSINESS WIRE)--Brian Bair, Offerpad's Chairman and CEO, will participate in a fireside chat at the JMP Securities Technology Conference on Monday, March 6, 2023.

1 year ago - Business Wire

Offerpad Reports Fourth Quarter and Full-Year 2022 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 ...

1 year ago - Business Wire

Offerpad Announces $90 Million Private Placement

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad”, “Company”) (NYSE: OPAD), a leading real estate tech company built to simplify home buying and selling, announced today that it ...

1 year ago - Business Wire

Offerpad to Release Fourth-Quarter and Full-Year 2022 Results on February 22nd

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-quar...

1 year ago - Business Wire

Offerpad Among Top 100 Businesses Honored by Chandler Chamber of Commerce

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad (NYSE: OPAD), a leading real estate tech company built to simplify home buying and selling, today announced it has been selected as one of the Top 100 busi...

1 year ago - Business Wire

Offerpad Receives Notice of Non-Compliance with NYSE Trading Share Price Listing Rule

CHANDLER, Ariz.--(BUSINESS WIRE)--Offerpad Solutions Inc. (“Offerpad” or the “Company”) (NYSE:OPAD), a leading tech-enabled platform for residential real estate, today announced that it received not...

1 year ago - Business Wire