The stock of Opendoor Technologies Inc (NASDAQ:OPEN) last traded at $2.91, down -3.96% from the previous session.
OPEN stock price is now -6.73% away from the 50-day moving average and -11.23% away from the 200-day moving average. The market capitalization of the company currently stands at $1.98B.
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, Meyer Megan D., President, Sell Direct & Svcs. sold 4,808 shares of the company’s stock on Mar 28 ’24. The stock was sold for $14,787 at an average price of $3.08. Upon completion of the transaction, the President, Sell Direct & Svcs. now directly owns 4,793,308 shares in the company, valued at $13.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 18 ’24, Schwartz Christina sold 8,508 shares of the business’s stock. A total of $24,652 was realized by selling the stock at an average price of $2.90. This leaves the insider owning 852,576 shares of the company worth $2.48 million. A total of 19.85% 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 $3.1201 and a two-hundred day moving average price translates $3.2781 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.
Opendoor Technologies Inc(OPEN) Company Profile
Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes. The company’s product offerings comprise sell to opendoor product that enables homeowners to sell their home directly to it and resell the home to a home buyer; list with opendoor product that allows customers to list their home on the MLS with opendoor and receive cash offer; and opendoor marketplace product that connects the home seller with an institutional or retail buyer. It also provides real estate brokerage, title insurance and settlement, and escrow services, as well as property and casualty insurance, real estate licenses, and construction services. Opendoor Technologies Inc. was founded in 2014 and is based in Tempe, Arizona.
