In yesterday’s Wall Street session, Opendoor Technologies Inc (NASDAQ:OPEN) shares traded at $0.68, down -1.30% from the previous session.
OPEN stock price is now -24.82% away from the 50-day moving average and -56.03% away from the 200-day moving average. The market capitalization of the company currently stands at $494.04M.
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 17,162 shares of the company’s stock on Apr 15 ’25. The stock was sold for $16,455 at an average price of $0.96. Upon completion of the transaction, the Chief Legal Officer now directly owns 1,601,414 shares in the company, valued at $1.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 16 ’25, Chief Legal Officer Schaub Sydney sold 126 shares of the business’s stock. A total of $120 was realized by selling the stock at an average price of $0.95. This leaves the insider owning 1,606,288 shares of the company worth $1.09 million. A total of 15.31% of the company’s stock is owned by insiders.
The net profit margin was -7.18% and return on equity was -47.67% for OPEN. The company reported revenue of $1.15 billion for the quarter, compared to $1.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.37 percent.
