Opendoor Technologies Inc. (OPEN)
| Market Cap | 1.69B |
| Revenue (ttm) | 11.31B |
| Net Income (ttm) | -1.41B |
| Shares Out | 659.20M |
| EPS (ttm) | -2.23 |
| PE Ratio | n/a |
| Forward PE | 40.32 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 126,449 |
| Open | 2.64 |
| Previous Close | 2.55 |
| Day's Range | 2.46 - 2.66 |
| 52-Week Range | 0.92 - 5.41 |
| Beta | 2.10 |
| Analysts | Hold |
| Price Target | 3.48 (+35.41%) |
| Earnings Date | Nov 2, 2023 |
About OPEN
Opendoor Technologies Inc. operates an e-commerce platform for residential real estate transactions in the United States. It buys and sells homes. The company's product offerings comprise 1P Product that enables homeowners to sell their home directly to it and resell the home to a home buyer; and 3P Product that connects the home seller with an institutional or retail buyer. It also provides real estate brokerage, title insurance and settlement, and escrow services, as well as property and casualty insurance, and construction services. Opendoor... [Read more]
Financial Performance
In 2022, OPEN's revenue was $15.57 billion, an increase of 94.08% compared to the previous year's $8.02 billion. Losses were -$1.35 billion, 104.4% more than in 2021.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for OPEN stock is "Hold." The 12-month stock price forecast is $3.48, which is an increase of 35.41% from the latest price.
News
Addressable Hires COO from Opendoor, Crosses $2 Bil in Client Sales
LOS ANGELES--(BUSINESS WIRE)--Addressable, the real estate marketing platform that utilizes robots, artificial intelligence, and proprietary homeowner data to help agents with lead generation, is deli...
Opendoor to Present at Goldman Sachs Communacopia & Technology Conference
SAN FRANCISCO, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that Ca...
Opendoor Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
SAN FRANCISCO, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that on...
Amazon shares surge, while Opendoor's sink after quarterly report
CNBC's Deirdre Bosa joins 'Power Lunch' to discuss the stock movement of Amazon and Opendoor.
Opendoor stock is on pace for its second-worst day ever, while Redfin is on pace for its third worst, as sales forecasts come up short
Shares of tech-focused real-estate firm Redfin Corp. and online home-buying platform Opendoor Technologies Inc. were hit hard on Friday, after both companies a day earlier gave weaker-than-expected sa...
Opendoor shares sink on weak outlook despite profitable Q2
CNBC's Deirdre Bosa reports on news from Opendoor's quarterly earnings results.
Opendoor Announces Second Quarter of 2023 Financial Results
SAN FRANCISCO, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today reported financial results for...
3 Housing Stocks to Avoid as Interest Rates Rise
On July 26, the Federal Reserve is likely to raise interest rates by 25 basis points (0.25%). As much hype as analysts put on the Federal Reserve's decision, the announcement itself tends to be a non-...
Sell Opendoor and Redfin, Analyst Says. The Rally Is Overdone.
"We think the housing market recovery is more than priced into the shares," an analyst says.
2 Penny Stocks to Buy and 1 to Avoid
Penny stocks are commonly defined as stocks that trade for less than $5 per share. Because of their low outstanding share value, penny stocks almost always carry small market capitalizations.
Opendoor to Report Second Quarter 2023 Financial Results on August 3rd, 2023
SAN FRANCISCO, July 06, 2023 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that it...
FinTech IPO Gains 1.5% as Opendoor Surges on Sell-Side Enthusiasm
The platforms surged — many of them anyway. And yet the FinTech IPO Index was up a muted 1.5% headed into the end of the second quarter and headed into a trading week that will be shortened by the J...
2 Stocks to Play a Housing Market Rebound
The housing market is massively impacted by rising interest rates, which increases the cost of borrowing for mortgages. In fact, this looks to have resulted in over a 22% decline in the number of home...
Opendoor Announces First Quarter of 2023 Financial Results
SAN FRANCISCO, May 04, 2023 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today reported financial results for ...
Opendoor downgraded as mortgage-credit availability plummets
Opendoor Technologies Inc. shares took a hit Monday, as Wedbush analyst Jay McCanless backed away from his longtime bullish call on the provider of home-buying and -selling services, citing a dearth o...
Opendoor Cuts More Staff and Leads FinTech IPO Index Down 0.7%
Earnings season has yet to fully engulf the FinTech IPO sector. But there was plenty of other news to go around — where macro headwinds were in evidence, forcing at least one platform to scale back it...
Opendoor alums raise $15M for Kindred, a home-swapping network
The concept of taking existing properties and repurposing them is not a new one. After all, Airbnb is a high-profile example of people turning vacation homes, for example, into revenue generators when...
Opendoor stock slumps following reports that 22% of workforce will be laid off
Opendoor Technologies Inc. OPEN, -3.43% shares fell late Tuesday following reports the online real estate company was laying off 22% of its workforce, or about 560 jobs. Opendoor shares fell as much a...
2 PropTech Stocks Poised for a Turnaround
Property Technology, or PropTech, is an industry that centers around the digital transformation of the legacy property industry. This includes the use of software and technology tools to automate vari...
Opendoor to Report First Quarter 2023 Financial Results on May 4th, 2023
SAN FRANCISCO, April 06, 2023 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that i...
Real estate stocks surge on potential of reduced Fed rate hikes, persisting mortgage rates
Yahoo Finance Live anchors discusses a surge in real estate stocks amid reports that the Fed won't raise interest rates following the collapse of Silicon Valley Bank.
OPENDOOR ALERT: Bragar Eagel & Squire, P.C. is Investigating Opendoor Technologies, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Opendoor Technologies, Inc. (NASDAQ: OPEN) o...
It's Do or Die for Opendoor: Can It Survive a Real Estate Slump?
Opendoor (NASDAQ: OPEN) is under immense pressure as interest rates rise, home prices decline, and the company's losses pile up. Wall Street lost all faith in the company, with its share price plummet...
Opendoor Leads Decliners as FinTech IPO Index Sheds 4.4%
The FinTech IPO Index was down 4.4% heading into the last few trading days of February. And as detailed earlier in the week, even though the group is still up year to date — roughly 20% — bit by bit, ...
Opendoor Posts Heavy Losses After Losing Money on Home Sales
The online house-flipper said it had $2.9 billion in quarterly revenue from selling 7,512 homes in the fourth quarter, down 25% from a year ago.