Stocks of Opendoor Technologies Inc (NASDAQ:OPEN) traded higher last session on Wall Street, up 7.87% to $2.88.
OPEN stock price is now -11.02% away from the 50-day moving average and -11.60% away from the 200-day moving average. The market capitalization of the company currently stands at $1.96B.
On December 13, 2023, Keefe Bruyette Upgraded its previous ‘Underperform’ rating to ‘Mkt Perform’ on the stock keeping its target price maintained at $3.50, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, Schwartz Christina, insider sold 8,508 shares of the company’s stock on Mar 18 ’24. The stock was sold for $24,652 at an average price of $2.90. Upon completion of the transaction, the insider now directly owns 852,576 shares in the company, valued at $2.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, Chief Executive Officer WHEELER CARRIE sold 671,158 shares of the business’s stock. A total of $1,731,319 was realized by selling the stock at an average price of $2.58. This leaves the insider owning 16,028,508 shares of the company worth $46.16 million. A total of 19.97% of the company’s stock is owned by insiders.
During the past 12 months, Opendoor Technologies Inc has had a low of $1.25 and a high of $5.41. The fifty day moving average price for OPEN is $3.2140 and a two-hundred day moving average price translates $3.2590 for the stock.
The latest earnings results from Opendoor Technologies Inc (NASDAQ: OPEN) was released for Dec, 2023. According to the Real Estate Services Company, earnings per share came in at -$0.14, beating analysts’ expectations of -$0.18 by 0.04. This compares to -$0.64 EPS in the same period last year. The net profit margin was -3.96% and return on equity was -26.79% for OPEN. The company reported revenue of $870.0 million for the quarter, compared to $2.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -69.55 percent. For the current quarter, analysts expect OPEN to generate $1.09B in revenue.
