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

JMP Securities analyst Nicholas Jones has maintained a Market Outperform rating on Opendoor Technologies (NASDAQ:OPEN) but has lowered the price target from $4.5 to $4.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 7:12 pm

Opendoor Technologies' stock is trading higher following the announcement of their Q1 financial results, which exceeded expectations, and the company's optimistic revenue guidance for Q2.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:26 am

Wall Street anticipates continued upward momentum, buoyed by Apple's positive earnings report, which included a significant buyback program and a dividend hike. However, upcoming non-farm payrolls data and wage inflation measures may influence market sentiment. Premarket trading saw gains in SPDR S&P 500 ETF Trust and Invesco QQQ ETF. Other stocks showed varied movements based on their earnings reports. The market's direction may hinge on inflation trends and the Federal Reserve's interest rate decisions.

Portfolio Pulse from Shanthi Rexaline

May 03, 2024 | 11:03 am

Opendoor Technologies projects its Q2 revenue to be between $1.4B and $1.5B, which aligns closely with the estimated $1.48B. The company also forecasts a Contribution Profit of $75M to $85M and an Adjusted EBITDA ranging from a loss of $35M to $25M for the same period.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:17 pm

Opendoor Technologies (NASDAQ:OPEN) reported Q1 2024 earnings with an adjusted EPS of $(0.12), surpassing the $(0.16) estimate, and sales of $1.181B, exceeding the $1.094B estimate. This represents a significant improvement in losses per share compared to the same period last year but a decrease in sales.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:48 pm

Opendoor Technologies has filed for a mixed securities shelf, allowing the company to issue various types of securities in the future.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:23 pm

Nasdaq and S&P 500 futures rise ahead of Apple's earnings report, indicating a positive market outlook post-Federal Reserve's rate decision. Analysts highlight potential market risks and the impact of economic data on future Fed actions. Premarket trading sees significant movements in stocks based on earnings reports, with notable companies set to report throughout the day.

Portfolio Pulse from Shanthi Rexaline

May 02, 2024 | 10:52 am

Opendoor Technologies (NYSE:OPEN) has seen a 6.3% decrease in its short percent of float since the last report, with 72.24 million shares sold short, representing 12.95% of its available trading shares. This decrease in short interest could indicate a more bullish sentiment towards OPEN among investors. The company's short interest is significantly higher than its peer group average of 6.36%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 1:00 pm

U.S. residential home prices surged in February 2024, marking the strongest one-month increase in two years, despite high mortgage costs. The Federal Housing Finance Agency reported a 1.2% month-over-month growth, with a 7% increase from the previous year. The S&P Global 20-city home price index also showed a 7.3% year-on-year increase. Real estate stocks reacted variably, with the Vanguard Real Estate ETF (VNQ) dropping slightly, while companies like NexPoint Residential Trust (NXRT) and Redfin Corporation (RDFN) saw gains. Conversely, SBA Communications Corporation (SBAC) and The Macerich Company (MAC) experienced losses.

Portfolio Pulse from Piero Cingari

April 30, 2024 | 4:36 pm

Corporate earnings have recently uplifted the market, overcoming rate fears. The upcoming week features earnings reports from major companies including Apple and Amazon, which could significantly influence market trends. Analysts anticipate Apple to report a slight earnings beat but expect a lower revenue guide for the June quarter, while Amazon is expected to continue showing strong sales and profit growth. The performance of these companies, especially in sectors like e-commerce, tech, and healthcare, will be closely watched for their impact on the S&P 500 Index.

Portfolio Pulse from Shanthi Rexaline

April 29, 2024 | 5:51 am

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