In yesterday’s Wall Street session, Opendoor Technologies Inc (NASDAQ:OPEN) shares traded at $2.18, down -0.91% from the previous session.
OPEN stock price is now 14.82% away from the 50-day moving average and -0.49% away from the 200-day moving average. The market capitalization of the company currently stands at $1.60B.
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, MEGAN D MEYER, Officer bought 30,000 shares of the company’s stock on Dec 09 ’24. The stock was bought for $66,000 at an average price of $2.20. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 03 ’24, Chief Legal Officer Schaub Sydney sold 15,659 shares of the business’s stock. A total of $33,343 was realized by selling the stock at an average price of $2.13. This leaves the insider owning 1,265,752 shares of the company worth $2.76 million. A total of 16.91% of the company’s stock is owned by insiders.
During the past 12 months, Opendoor Technologies Inc has had a low of $1.52 and a high of $4.89. The fifty day moving average price for OPEN is $1.8964 and a two-hundred day moving average price translates $2.194125 for the stock.
The latest earnings results from Opendoor Technologies Inc (NASDAQ: OPEN) was released for 2024-09-30. The net profit margin was -7.49% and return on equity was -40.64% for OPEN. The company reported revenue of $1.38 billion for the quarter, compared to $980.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.51 percent.
