Opendoor Technologies Inc. (OPEN)

NASDAQ: OPEN · IEX Real-Time Price · USD
2.57
+0.02 (0.78%)
At close: Sep 22, 2023, 4:00 PM
2.41
-0.16 (-6.23%)
Pre-market: Sep 25, 2023, 8:22 AM EDT
0.78%
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]

Sector Real Estate
Founded 2014
Employees 2,570
Stock Exchange NASDAQ
Ticker Symbol OPEN
Full Company Profile

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 Statements

Analyst 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.

Price Target
$3.48
(35.41% upside)
Analyst Consensus: Hold
Stock Forecasts

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...

17 days ago - Business Wire

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...

26 days ago - GlobeNewsWire

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...

4 weeks ago - GlobeNewsWire

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.

Other symbols: AMZN
7 weeks ago - CNBC Television

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...

Other symbols: RDFN
7 weeks ago - Market Watch

Opendoor shares sink on weak outlook despite profitable Q2

CNBC's Deirdre Bosa reports on news from Opendoor's quarterly earnings results.

7 weeks ago - CNBC Television

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...

7 weeks ago - GlobeNewsWire

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-...

Other symbols: DHIZ
2 months ago - MarketBeat

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.

Other symbols: RDFN
2 months ago - Barrons

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.

Other symbols: FCELSOUN
2 months ago - MarketBeat

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...

2 months ago - GlobeNewsWire

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...

3 months ago - PYMNTS

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...

Other symbols: ZZG
4 months ago - GuruFocus

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 ...

5 months ago - GlobeNewsWire

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...

5 months ago - Market Watch

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...

5 months ago - PYMNTS

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...

5 months ago - TechCrunch

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...

5 months ago - Market Watch

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...

Other symbols: Z
6 months ago - GuruFocus

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...

6 months ago - GlobeNewsWire

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.

Other symbols: RDFN
6 months ago - Yahoo Finance

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...

7 months ago - Business Wire

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...

7 months ago - MarketBeat

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, ...

7 months ago - PYMNTS

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.

7 months ago - WSJ