The stock of Opendoor Technologies Inc (NASDAQ:OPEN) last traded at $2.50, up 2.04% from the previous session.
Data from the available sources indicates that Opendoor Technologies Inc (NASDAQ:OPEN) is covered by 12 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $3.50 and a low of $1.00, we find $2.10. Given the previous closing price of $2.45, this indicates a potential downside of -14.29 percent. OPEN stock price is now 0.39% away from the 50-day moving average and -4.36% away from the 200-day moving average. The market capitalization of the company currently stands at $1.68B.
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In total, 6 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $2.24 as their price target over the next twelve months.
With the price target of $2.75, UBS recently initiated with Neutral rating for Opendoor Technologies Inc (NASDAQ: OPEN).
In other news, Wu Eric Chung-Wei, Director sold 70,201 shares of the company’s stock on Nov 15. The stock was sold for $172,919 at an average price of $2.46. Upon completion of the transaction, the Director now directly owns 19,009,219 shares in the company, valued at $47.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 10, Chief Legal Officer Schaub Sydney sold 20,078 shares of the business’s stock. A total of $41,196 was realized by selling the stock at an average price of $2.05. This leaves the insider owning 1,280,373 shares of the company worth $3.2 million. Insiders disposed of 15,254,600 shares of company stock worth roughly $38.14 million over the past 1 year. A total of 19.37% of the company’s stock is owned by insiders.
With an opening price of $2.5000 on Monday morning, Opendoor Technologies Inc (NASDAQ: OPEN) set off the trading day. During the past 12 months, Opendoor Technologies Inc has had a low of $0.92 and a high of $5.41. The fifty day moving average price for OPEN is $2.4902 and a two-hundred day moving average price translates $2.6139 for the stock.
The latest earnings results from Opendoor Technologies Inc (NASDAQ: OPEN) was released for Sep, 2023. According to the Real Estate Services Company, earnings per share came in at -$0.11, beating analysts’ expectations of -$0.15 by 0.04. This compares to -$1.47 EPS in the same period last year. The net profit margin was -6.53% and return on equity was -46.49% for OPEN. The company reported revenue of $980.0 million for the quarter, compared to $3.36 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -70.84 percent. For the current quarter, analysts expect OPEN to generate $928.33M in revenue.
