OPAD - Offerpad Solutions Inc. Stock Price, Fair Value and News

5.87USD-0.18 (-2.98%)Market Closed

Market Summary

USD5.87-0.18

Market Closed

-2.98%

OPAD Stock Price

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OPAD RSI Chart

OPAD Valuation

Market Cap

160.3M

Price/Earnings (Trailing)

-2.13

Price/Sales (Trailing)

0.16

EV/EBITDA

-1.41

Price/Free Cashflow

-0.98

OPAD Price/Sales (Trailing)

OPAD Profitability

Operating Margin

8.63%

EBT Margin

-7.59%

Return on Equity

-85.45%

Return on Assets

-20.36%

Free Cashflow Yield

-101.6%

OPAD Fundamentals

OPAD Revenue

Revenue (TTM)

990.2M

Rev. Growth (Yr)

-53.19%

Rev. Growth (Qtr)

18.67%

OPAD Earnings

Earnings (TTM)

-75.3M

Earnings Growth (Yr)

70.54%

Earnings Growth (Qtr)

-13.43%

Breaking Down OPAD Revenue

Last 7 days

-17.7%

Last 30 days

-19.5%

Last 90 days

-36.8%

Trailing 12 Months

-26.2%

How does OPAD drawdown profile look like?

OPAD Financial Health

Current Ratio

1.3

OPAD Investor Care

Shares Dilution (1Y)

15.38%

Diluted EPS (TTM)

-2.63

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	990.2M	0	0	0
2023	3.2B	2.3B	1.8B	1.3B
2022	3.2B	3.9B	4.1B	4.0B
2021	980.6M	1.1B	1.4B	2.1B
2020	1.1B	1.1B	1.1B	1.1B
2019	0	0	0	1.1B

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Offerpad Solutions Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 04, 2024	patel hiten m	sold (taxes)	-724	7.24	-100	see remarks
Mar 28, 2024	degiorgio kenneth d	acquired	-	-	2,932	-
Mar 28, 2024	palmer sheryl	acquired	-	-	2,314	-
Mar 28, 2024	klabin alexander	acquired	-	-	2,160	-
Mar 28, 2024	ohara ryan	acquired	-	-	2,314	-
Mar 01, 2024	grout james	sold (taxes)	-1,260	8.75	-144	senior vice president, finance
Mar 01, 2024	aronovitch benjamin adam	sold (taxes)	-4,200	8.75	-480	chief legal officer
Dec 31, 2023	ohara ryan	acquired	-	-	1,829	-
Dec 31, 2023	degiorgio kenneth d	acquired	-	-	2,317	-
Dec 31, 2023	palmer sheryl	acquired	-	-	1,829	-

Which funds bought or sold OPAD recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	Cubist Systematic Strategies, LLC	new	-	86,306	86,306	-%
May 15, 2024	LMR Partners LLP	sold off	-100	-9,314	-	-%
May 15, 2024	Kemnay Advisory Services Inc.	unchanged	-	-2,965,940	11,174,000	2.15%
May 15, 2024	Tower Research Capital LLC (TRC)	new	-	14,491	14,491	-%
May 15, 2024	Ulysses Management LLC	unchanged	-	-1,659,550	6,252,270	0.53%
May 15, 2024	MARSHALL WACE, LLP	new	-	419,638	419,638	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	added	217	705,953	1,173,460	-%
May 15, 2024	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	sold off	-100	-31.00	-	-%
May 15, 2024	Royal Bank of Canada	reduced	-11.82	-4,000	9,000	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	added	353	398,280	552,307	-%

Are Funds Buying or Selling OPAD?

Are funds buying OPAD calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own OPAD

No. of Funds

Unveiling Offerpad Solutions Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jun 09, 2023	bair brian	4.5%	18,688,800	SC 13D/A
May 22, 2023	kemnay advisory services inc.	5.4%	20,692,624	SC 13G
Apr 05, 2023	ll capital partners i, l.p.	23.6%	92,685,278	SC 13D/A
Apr 05, 2023	sella roberto marco	23.6%	92,685,278	SC 13D/A
Mar 30, 2023	first american financial corp	19.5%	76,789,713	SC 13D/A
Mar 21, 2023	coleman jerry anthony	7.1%	16,505,574	SC 13G/A
Feb 03, 2023	sella roberto marco	23.6%	92,685,278	SC 13D/A
Feb 03, 2023	bair brian	13.4%	33,753,715	SC 13D/A
Feb 02, 2023	first american financial corp	19.5%	76,789,713	SC 13D/A
Feb 14, 2022	citadel advisors llc	0.0%	6	SC 13G/A

Recent SEC filings of Offerpad Solutions Inc.

View All Filings

Date Filed	Form Type	Document
May 14, 2024	8-K	Current Report
May 06, 2024	8-K	Current Report
May 06, 2024	10-Q	Quarterly Report
Apr 24, 2024	DEFA14A	DEFA14A
Apr 24, 2024	DEF 14A	DEF 14A
Apr 24, 2024	ARS	ARS
Apr 08, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading

Peers (Alternatives to Offerpad Solutions Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CSGP	35.7B	2.5B	2.41%	12.16%	121.44	14.14	12.26%	-19.88%
CBRE	28.0B	32.5B	7.21%	18.84%	28.14	0.86	5.07%	-12.06%
Z	10.4B	2.0B	3.71%	-3.82%	-65.12	5.16	6.03%	-14.39%
MID-CAP
JLL	9.8B	21.2B	18.97%	40.96%	32.63	0.46	1.89%	-39.82%
JOE	3.4B	404.1M	6.38%	28.03%	41.8	8.4	55.15%	19.63%
CWK	2.7B	9.4B	26.54%	44.64%	220.22	0.28	-5.93%	-83.62%
DBRG	2.2B	-	-20.99%	26.60%	6.31	2.72	18.22%	229.45%
SMALL-CAP
EXPI	1.9B	4.4B	26.26%	-15.63%	-212.43	0.44	-1.45%	-158.11%
ARL	223.1M	50.7M	-11.02%	-18.96%	81.38	4.4	22.36%	-99.25%
AXR	108.9M	44.5M	-4.35%	50.73%	48.83	2.44	-24.76%	-93.06%
CHCI	73.0M	45.1M	10.04%	78.23%	9.19	1.62	10.35%	24.96%
ASPS	48.8M	145.1M	20.67%	-58.77%	-0.93	0.34	-5.22%	1.69%

Offerpad Solutions Inc. News

Latest updates

Offerpad Solutions Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																		(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Revenue	18.7%	285,358,000	240,458,000	234,228,000	230,147,000	609,579,000	677,214,000	821,732,000	1,079,531,000	1,373,837,000	867,540,000	540,287,000	378,647,000	283,972,000	223,230,000	186,365,000	287,007,000	367,655,000	-
Cost Of Revenue	17.4%	262,763,000	223,766,000	210,255,000	207,916,000	602,294,000	722,074,000	819,573,000	986,550,000	1,241,695,000	797,248,000	487,165,000	327,783,000	250,435,000	-	166,600,000	-	-	-
Gross Profit	35.4%	22,595,000	16,692,000	23,973,000	22,231,000	7,285,000	-44,860,000	2,159,000	92,981,000	132,142,000	70,292,000	53,122,000	50,864,000	33,537,000	25,255,000	19,765,000	17,861,000	24,898,000	-
Operating Expenses	29.5%	36,180,000	27,943,000	43,515,000	44,065,000	59,071,000	65,039,000	72,370,000	84,603,000	87,727,000	66,957,000	49,664,000	39,335,000	32,093,000	290,641	21,686,000	-	-	-
S&GA Expenses	25.2%	22,452,000	17,932,000	27,235,000	29,040,000	42,351,000	48,761,000	55,043,000	65,239,000	69,888,000	51,474,000	38,727,000	31,595,000	25,076,000	229,377	16,072,000	-	-	-
R&D Expenses	43.4%	1,773,000	1,236,000	2,156,000	2,312,000	2,241,000	2,978,000	2,687,000	3,243,000	3,182,000	3,197,000	2,777,000	2,603,000	2,283,000	-	1,633,000	-	-	-
EBITDA Margin	20.9%	-0.06	-0.07	-0.11	-0.10	-0.06	-0.03	0.01	0.02	0.02	0.01	-0.01	-0.01	-0.01	-0.01	-0.03	-0.03	-0.03	-0.03
Interest Expenses	-4.8%	4,905,000	5,154,000	4,406,000	1,867,000	7,432,000	15,135,000	15,889,000	7,771,000	7,196,000	6,178,000	5,495,000	2,257,000	1,918,000	-	1,312,000	-	-	-
Income Taxes	2633.3%	123,000	4,500	6,000	40,000	100,000	324,000	-3,474,000	1,610,000	1,899,000	-15,000	81,000	89,000	-	4,749	-	-	-	-
Earnings Before Taxes	-12.6%	-17,392,000	-15,449,000	-19,980,000	-22,301,000	-59,325,000	-120,859,000	-83,496,000	13,168,000	42,887,000	12,776,000	-15,222,000	9,279,000	-233,000	-25,376,129	-2,944,000	-	-	-
EBT Margin	14.8%	-0.08	-0.09	-0.13	-0.12	-0.08	-0.04	0.00	0.01	0.02	0.00	-0.02	-0.02	-0.02	-0.02	-0.05	-0.05	-0.05	-0.05
Net Income	-13.4%	-17,515,000	-15,441,000	-19,986,000	-22,344,000	-59,447,000	-121,137,000	-80,022,000	11,558,000	40,988,000	12,806,000	-15,303,000	9,190,000	-233,000	-1,319,000	-2,944,000	-7,390,000	-11,465,000	-
Net Income Margin	14.7%	-0.08	-0.09	-0.13	-0.12	-0.08	-0.04	0.00	0.01	0.02	0.00	-0.01	0.00	-0.01	-0.02	-0.05	-0.05	-0.05	-0.05
Free Cashflow	113.2%	2,033,000	-15,360,000	-94,540,000	-54,963,000	426,368,000	397,173,000	20,363,000	-392,650,000	279,446,000	-217,186,000	-414,949,000	-254,370,000	-49,102,000	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet															(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3
Assets	-2.6%	370	380	422	353	338	825	1,438	1,527	1,150	1,353	1,069	403	404	236	-
Current Assets	-4.9%	353	372	413	344	328	814	1,426	1,515	1,139	1,343	1,059	1.00	1.00	227	-
Cash Equivalents	3.4%	79.00	76.00	106	116	108	97.00	197	155	198	170	117	45.00	26.00	51.00	36.00
Inventory	-3.8%	266	277	290	211	173	665	1,184	1,289	872	1,133	902	-	-	171	-
Net PPE	3.6%	5.00	5.00	5.00	5.00	5.00	5.00	5.00	6.00	5.00	5.00	10.00	-	-	8.00	-
Liabilities	1.3%	282	278	307	220	184	703	1,197	1,208	847	1,096	825	53.00	59.00	195	-
Current Liabilities	-1.4%	272	276	305	217	180	699	1,189	1,198	824	1,068	786	5.00	3.00	190	0.00
Shareholder's Equity	-13.4%	88.00	102	115	133	154	122	241	319	241	258	244	5.00	5.00	5.00	0.00
Retained Earnings	-4.4%	-415	-397	-382	-362	-340	-280	-159	-79.51	-91.07	-132	-144	-14.57	-20.22	-138	-0.03
Additional Paid-In Capital	0.8%	504	500	498	496	494	403	401	398	394	390	389	20.00	25.00	6.00	0.00
Shares Outstanding	3.6%	27.00	26.00	26.00	27.00	24.00	16.00	16.00	16.00	16.00	8.00	8.00	4.00	4.00	4.00	4.00
Float	-	-	-	-	140	-	-	-	201	-	-	-	0.00	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Cashflow From Operations	115.6%	2,386	-15,323	-94,540	-54,948	426,443	397,326	20,555	-392,306	279,827	-217,108	-407,282	-249,418	-48,112	-491	-	-
Share Based Compensation	93.4%	3,867	2,000	2,017	2,055	1,843	2,014	2,265	2,400	1,628	763	1,053	649	614	-	-	-
Cashflow From Investing	-119.4%	-323	1,663	2,284	-675	-1,287	-153	-192	-344	-381	-78.00	-7,667	-4,952	1,042	-402,500	-	-
Cashflow From Financing	82.5%	-3,464	-19,814	83,407	34,933	-422,508	-480,542	3,367	356,830	-238,121	274,961	493,706	283,211	25,388	404,071	-	-

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OPAD Income Statement

2024-03-31

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 285,358	$ 609,579
Cost of revenue	262,763	602,294
Gross profit	22,595	7,285
Operating expenses:
Sales, marketing and operating	22,452	42,351
General and administrative	11,955	14,479
Technology and development	1,773	2,241
Total operating expenses	36,180	59,071
Loss from operations	(13,585)	(51,786)
Other income (expense):
Change in fair value of warrant liabilities	344	(389)
Interest expense	(4,905)	(7,432)
Other income, net	754	282
Total other expense	(3,807)	(7,539)
Loss before income taxes	(17,392)	(59,325)
Income tax expense	(123)	(122)
Net loss	$ (17,515)	$ (59,447)
Net loss per share, basic	$ (0.64)	$ (2.51)
Net loss per share, diluted	$ (0.64)	$ (2.51)
Weighted average common shares outstanding, basic	27,339	23,661
Weighted average common shares outstanding, diluted	27,339	23,661

OPAD Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Current assets:

Cash and cash equivalents

$ 68,550

$ 75,967

Restricted cash

9,983

3,967

Accounts receivable

4,347

9,935

Real estate inventory

266,107

276,500

Prepaid expenses and other current assets

4,353

5,236

Total current assets

353,340

371,605

Property and equipment, net

4,679

4,517

Other non-current assets

11,707

3,572

Total assets

^[1]

369,726

379,694

Current liabilities:

Accounts payable

4,378

4,946

Accrued and other current liabilities

13,166

13,859

Secured credit facilities and other debt, net

230,083

227,132

Secured credit facilities and other debt - related party

24,522

30,092

Total current liabilities

272,149

276,029

Warrant liabilities

127

471

Other long-term liabilities

9,349

1,418

Total liabilities

^[2]

281,625

277,918

Commitments and contingencies (Note 16)

Stockholders' equity:

Additional paid in capital

503,500

499,660

Accumulated deficit

(415,402)

(397,887)

Total stockholders' equity

88,101

101,776

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

369,726

379,694

Class A Common Stock

Stockholders' equity:

Common stock value

$ 3

[1]

Our consolidated assets as of March 31, 2024 and December 31, 2023 include the following assets of certain variable interest entities (“VIEs”) that can only be used to settle the liabilities of those VIEs: Restricted cash, $9,883 and $3,867; Accounts receivable, $963 and $6,782; Real estate inventory, $266,107 and $276,500; Prepaid expenses and other current assets, $850 and $1,588; Total assets of $277,803 and $288,737, respectively.

[2]

Our consolidated liabilities as of March 31, 2024 and December 31, 2023 include the following liabilities for which the VIE creditors do not have recourse to Offerpad: Accounts payable, $1,707 and $1,798; Accrued and other current liabilities, $1,720 and $2,027; Secured credit facilities and other debt, net, $254,605 and $257,224; Total liabilities, $258,032 and $261,049, respectively.

About Offerpad Solutions Inc.

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.

CEO	Mr. Brian Bair
WEBSITE	offerpad.com
INDUSTRY	Real Estate Services
EMPLOYEES	900

Offerpad Solutions Inc. Frequently Asked Questions

What is the ticker symbol for Offerpad Solutions Inc.? What does OPAD stand for in stocks?

OPAD is the stock ticker symbol of Offerpad Solutions Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Offerpad Solutions Inc. (OPAD)?

As of Fri May 17 2024, market cap of Offerpad Solutions Inc. is 160.26 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of OPAD stock?

You can check OPAD's fair value in chart for subscribers.

What is the fair value of OPAD stock?

You can check OPAD's fair value in chart for subscribers. The fair value of Offerpad Solutions Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Offerpad Solutions Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for OPAD so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Offerpad Solutions Inc. a good stock to buy?

The fair value guage provides a quick view whether OPAD is over valued or under valued. Whether Offerpad Solutions Inc. is cheap or expensive depends on the assumptions which impact Offerpad Solutions Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for OPAD.

What is Offerpad Solutions Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, OPAD's PE ratio (Price to Earnings) is -2.13 and Price to Sales (PS) ratio is 0.16. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. OPAD PE ratio will change depending on the future growth rate expectations of investors.