In Monday’s Wall Street session, Opendoor Technologies Inc (NASDAQ:OPEN) shares traded at $1.20, unchanged from the previous session.
OPEN stock price is now -17.04% away from the 50-day moving average and -35.79% away from the 200-day moving average. The market capitalization of the company currently stands at $868.22M.
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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, Schaub Sydney, Chief Legal Officer sold 5,000 shares of the company’s stock on Mar 03 ’25. The stock was sold for $6,298 at an average price of $1.26. Upon completion of the transaction, the Chief Legal Officer now directly owns 1,166,480 shares in the company, valued at $1.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03 ’25, Officer SYDNEY SCHAUB bought 5,000 shares of the business’s stock. A total of $6,700 was incurred on buying the stock at an average price of $1.34. A total of 15.99% of the company’s stock is owned by insiders.
During the past 12 months, Opendoor Technologies Inc has had a low of $1.12 and a high of $3.24.
The net profit margin was -7.61% and return on equity was -46.67% for OPEN. The company reported revenue of $1.08 billion for the quarter, compared to $870.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.6 percent.
