Opendoor Technologies Inc (NASDAQ:OPEN) shares traded -0.37% lower at $2.69 on Wall Street last session.
OPEN stock price is now -12.55% away from the 50-day moving average and -17.83% away from the 200-day moving average. The market capitalization of the company currently stands at $1.83B.
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 15,000 shares of the company’s stock on Apr 01 ’24. The stock was sold for $43,798 at an average price of $2.92. Upon completion of the transaction, the insider now directly owns 837,576 shares in the company, valued at $2.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 28 ’24, President, Sell Direct & Svcs. Meyer Megan D. sold 4,808 shares of the business’s stock. A total of $14,787 was realized by selling the stock at an average price of $3.08. This leaves the insider owning 4,793,308 shares of the company worth $12.89 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 $3.0621 and a two-hundred day moving average price translates $3.2714 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.
