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

Opendoor has projected its Q3 revenue to be between $950 million and $1.0 billion, which is below the consensus estimate of $1.36 billion.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:29 pm

Opendoor Technologies reported Q2 earnings of $0.03 per share, an improvement from $0.09 per share loss last year. The company's quarterly sales of $1.98 billion beat the analyst consensus estimate of $1.88 billion by 5.11 percent, but this is a 52.93 percent decrease from $4.20 billion sales last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:22 pm

Opendoor Technologies (NASDAQ:OPEN) is set to release its latest quarterly earnings report on August 3, 2023. Analysts estimate an earnings per share (EPS) of $-0.38. The company's past performance shows a pattern of share price changes following earnings reports. Shares of Opendoor Technologies were trading at $5.27 as of August 1, with a 1.81% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 12:04 pm

Several US stocks traded higher on Friday, with the Nasdaq Composite gaining around 200 points. Notable gainers include Reata Pharmaceuticals, which rose 53.3% after Biogen agreed to acquire the company, Roku, which gained 20.8% after reporting better-than-expected Q2 results and strong Q3 guidance, and The Boston Beer Company, which surged 18.1% after reporting better-than-expected quarterly results. Other companies that saw significant gains include Business First Bancshares, Huron Consulting Group, TAL Education Group, Costamare, Coursera, Beazer Homes USA, Celestica, SIGA Technologies, Silicon Motion Technology Corporation, UP Fintech Holding Limited, SkyWest, GDS Holdings Limited, Dada Nexus Limited, Cardlytics, AVITA Medical, T. Rowe Price Group, Opendoor Technologies, Meritage Homes Corporation, Skechers U.S.A., Chart Industries, DISH Network Corporation, Upstart Holdings, DexCom, and Intel Corporation.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 2:47 pm

Morgan Stanley analyst Matthew Cost has initiated coverage on Opendoor Technologies (NASDAQ:OPEN) with an Equal-Weight rating and a price target of $4.25.

Portfolio Pulse from richadhand@benzinga.com

July 24, 2023 | 11:40 am

Gordon Haskett analyst Robert Mollins has downgraded Opendoor Technologies (NASDAQ:OPEN) from Hold to Underperform.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 10:24 am

In the last quarter, Opendoor Technologies (NASDAQ:OPEN) received 5 somewhat bullish and 2 somewhat bearish analyst ratings. The average 12-month price target for the company, according to 7 analysts, is $3.69, with a high of $8.00 and a low of $1.10. This average price target has increased by 4.83% over the past month.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 1:01 pm

JMP Securities analyst Nicholas Jones has reiterated a Market Outperform rating on Opendoor Technologies (NASDAQ:OPEN) and maintained a $5 price target.

Portfolio Pulse from richadhand@benzinga.com

July 13, 2023 | 12:38 pm

The U.S. Consumer Price Index (CPI) inflation rate dropped from 4% in May to 3% in June, below the average economist prediction of 3.1%. This has impacted investor outlook on potential Federal Reserve policy changes. The markets reacted strongly to the data, with S&P 500 (NYSE:SPY) futures rising 1% and Nasdaq 100 (NASDAQ:NDX) futures increasing by 1.2%. Several stocks including Schrodinger Inc (NASDAQ:SDGR), Opendoor Technologies Inc (NASDAQ:OPEN), Redfin Corp (NASDAQ:RDFN), PubMatic Inc (NASDAQ:PUBM), Pagaya Technologies Ltd (NASDAQ:PGY), Microvision Inc (NASDAQ:MVIS), Upstart Holdings Inc (NASDAQ:UPST), ORIC Pharmaceuticals Inc (NASDAQ:ORIC), Lilium NV (NASDAQ:LILM), and Coherent Corp (NYSE:COHR) saw gains in the premarket session.

Portfolio Pulse from AJ Fabino

July 12, 2023 | 2:26 pm

JMP Securities analyst Nicholas Jones maintains a Market Outperform rating on Opendoor Technologies (NASDAQ:OPEN) and raises the price target from $2.5 to $5.

Portfolio Pulse from richadhand@benzinga.com

June 29, 2023 | 1:38 pm

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