Offerpad Solutions (OPAD)

• Market cap: $75.3M
• 1 day: -7.72%
• 5 days: 22.22%
• 1 month: -21.65%
• 3 months: -9.24%
• 6 months: -44.67%
• Year to date: 2.61%
• 1 year: -68.10%
• 5 years: -98.20%
• 10 years: -98.20%
• Sector: Real Estate
• Industry: Real Estate Agents & Managers (For Others)

About: Offerpad Solutions Inc provides a way to buy and sell a home. It uses technology-enabled solutions to remake the home selling and buying experience by offering customers the convenience, control, and certainty to solve their housing needs. It combines fundamental real estate expertise with the data-driven digital Solutions Center platform to efficiently sell and buy their homes online with streamlined access to other services including mortgage, listing, renovation and buyer representation services.

Employees: 350

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

100% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 8

11% more funds holding

Funds holding: 46 [Q2] → 51 (+5) [Q3]

2.14% more ownership

Funds ownership: 58.73% [Q2] → 60.86% (+2.14%) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

5% less capital invested

Capital invested by funds: $70.9M [Q2] → $67.6M (-$3.28M) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $3 9% upside
• Avg. target: $3.55 29% upside
• High target: $4.50 64% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

JMP Securities Patrick Walravens 57% 1-year accuracy 63 / 111 met price target	64% upside $4.50	Market Outperform Reiterated	16 Dec 2024
Keefe, Bruyette & Woods Ryan Tomasello 20% 1-year accuracy 2 / 10 met price target	15% upside $3.15	Market Perform Maintained	6 Nov 2024
Jefferies John Colantuoni 71% 1-year accuracy 12 / 17 met price target	9% upside $3	Hold Maintained	22 Oct 2024