Offerpad Solutions (OPAD)

• Market cap: $61.3M
• 1 day: -1.32%
• 5 days: 0.90%
• 1 month: -12.84%
• 3 months: -41.51%
• 6 months: -36.90%
• Year to date: -16.42%
• 1 year: -75.33%
• 5 years: -98.53%
• 10 years: -98.53%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

171% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 7

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

2% more funds holding

Funds holding: 51 [Q3] → 52 (+1) [Q4]

21.57% less ownership

Funds ownership: 60.86% [Q3] → 39.29% (-21.57%) [Q4]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q3] → 1 (-1) [Q4]

55% less capital invested

Capital invested by funds: $67.6M [Q3] → $30.6M (-$37M) [Q4]

Research analyst outlook

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

• Low target: $4.50 101% upside
• Avg. target: $4.50 101% upside
• High target: $4.50 101% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

JMP Securities Patrick Walravens 67% 1-year accuracy 73 / 109 met price target

101% upside $4.50

Market Outperform Reiterated

16 Dec 2024