Streetbeat News

OPEN

Opendoor Technologies Inc.

https://www.opendoor.com

Industry

Real Estate - Services

Opendoor Technologies Inc. operates a digital platform for residential real estate in the United States. The company's platform enables consumers to buy and sell a home online. It also provides title insurance and escrow services. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.

Open

1.76

Mkt cap

1.2B

Volume

32M

High

1.77

P/E Ratio

-3.07

52-wk high

4.89

Low

1.65

Div yield

N/A

52-wk low

1.58

Deutsche Bank analyst Benjamin Black maintains a Hold rating on Opendoor Technologies (NASDAQ:OPEN) but lowers the price target from $2.4 to $1.85.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:36 pm

Opendoor Technologies (NYSE:OPEN) has seen a 5.94% increase in its short percent of float, now at 15.33%. This indicates a bearish sentiment among investors. The company's short interest is higher than its peers, which average 5.39%. It would take traders 5.22 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 6:15 pm

JMP Securities analyst Nicholas Jones maintains a Market Outperform rating on Opendoor Technologies (NASDAQ:OPEN) but lowers the price target from $4 to $3.25.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:22 pm

DoorDash shares surged 10% in pre-market trading after reporting better-than-expected Q2 revenue. Other notable pre-market movers include VSee Health (+123.4%), Akanda Corp (+34.5%), and Intel (-21.9%).

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 12:15 pm

Opendoor Technologies shares are trading lower after the company reported Q2 financial results and issued Q3 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 11:44 am

Intel, Amazon, Opendoor Technologies, and other major stocks experienced significant declines in pre-market trading following weak financial results and guidance. Intel's earnings and sales missed estimates, leading to a 21.5% drop in its share price.

Portfolio Pulse from Avi Kapoor

August 02, 2024 | 10:01 am

Opendoor Technologies Inc (NASDAQ:OPEN) reported Q2 earnings with revenue and EPS beating estimates. However, weak guidance for Q3 due to a slowing housing market led to a 14.6% drop in after-hours trading.

Portfolio Pulse from Adam Eckert

August 01, 2024 | 9:51 pm

Opendoor Technologies Inc. (OPEN) has released its Q3 revenue guidance, expecting between $1.2 billion and $1.3 billion, which is below the estimated $1.59 billion. The company also provided guidance for its Q3 contribution profit and adjusted EBITDA.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:17 pm

Opendoor Technologies shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:16 pm

Opendoor Technologies (NASDAQ:OPEN) reported Q2 2024 adjusted EPS of $(0.04), beating the $(0.11) estimate, and sales of $1.511 billion, surpassing the $1.468 billion estimate. Despite the positive earnings surprise, sales decreased by 23.53% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:52 pm

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