- Investing.com
Offerpad Solutions Inc., together with its subsidiaries, provides technology-enabled solutions for residential real estate market in the United States. The company offers Cash Offer, which customers can access website or mobile application to receive a cash offer range for their home. It also provides renovation services to other businesses; Direct+ institutional buyer program, allows investors and single-family rental companies to purchase homes from homeowners, and matching investors with sellers; and agent partnership program which partner agents can request a cash offer on behalf of clients, have the ability to list an acquired home prepared for resale, have access to sellers in defined zones, along with having the potential to list other Offerpad-owned homes in their zone, as well as homebuilder services. In addition, the company offers ancillary products and services comprising energy efficiency solutions, smart home technology, insurance, and home warranty services, as well as mortgage, and title and escrow services. Offerpad Solutions Inc. was founded in 2015 and is headquartered in Tempe, Arizona.
iBuying Evolution | Offerpad adapts its business model, focusing on asset-light services and cost-saving measures to navigate challenging real estate market conditions |
Financial Resilience | Strong balance sheet with $43M cash and no long-term debt positions Offerpad for flexibility amid market uncertainties and potential growth opportunities |
Explore Growth Drivers | Asset-light services like Direct Plus and Renovate show promising growth, offering higher margins and diversifying revenue streams in a shifting market landscape |
Analyst Outlook | JMP Securities maintains a $4.50 price target, reflecting cautious optimism despite near-term headwinds in the real estate secto |
Metrics to compare | OPAD | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipOPADPeersSector | |
---|---|---|---|---|
P/E Ratio | −1.4x | −3.8x | 9.1x | |
PEG Ratio | −0.05 | 0.00 | 0.01 | |
Price/Book | 2.5x | 1.9x | 0.9x | |
Price / LTM Sales | 0.1x | 0.5x | 3.9x | |
Upside (Analyst Target) | −53.3% | 21.6% | 12.7% | |
Fair Value Upside | Unlock | 23.7% | 0.7% | Unlock |