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 $5 to $4.5.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 7:48 pm

Opendoor Technologies' stock price has decreased following the release of their Q4 earnings report.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 6:51 pm

Opendoor Technologies (NASDAQ:OPEN) reported Q4 earnings with an EPS of $-0.14, beating estimates by 22.22% but with a revenue decrease of $1.99 billion from the previous year. Despite beating EPS estimates last quarter, the share price dropped by 5.0% the following day.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 9:20 pm

Opendoor Technologies (OPEN) reported Q4 2023 adjusted EPS of $(0.14), surpassing the $(0.19) estimate. Sales reached $870M, exceeding the $826.44M forecast but marking a 69.55% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:20 pm

Numerous companies are scheduled to report their earnings on February 15, 2024, covering a wide range of industries from technology to energy, and including both earnings and losses. Key companies reporting include Cognex, Cenovus Energy, Wendy's, Agios Pharmaceuticals, Appian, and many others, with expectations of both profits and losses.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 10:17 am

Super Bowl LVIII will feature commercials from a wide range of companies, with Paramount Global airing the game on CBS, Nickelodeon, and Paramount+. The trend of celebrity inclusion in ads continues, with a notable focus on the 'Taylor Swift effect' expected to boost viewership. Companies like E.L.F. Beauty and Unilever are airing Super Bowl commercials for the first time in years, while Anheuser-Busch InBev and Molson Coors Beverage Company leverage the event to promote their beer brands. Other notable ads include FanDuel's interactive commercial, PepsiCo's introduction of Starry, and tech companies like Google and Microsoft showcasing their latest innovations. The event will also feature movie and TV series trailers from Paramount, The Walt Disney Company, and Comcast Corporation.

Portfolio Pulse from Chris Katje

February 09, 2024 | 4:41 pm

Opendoor Technologies (NYSE:OPEN) has seen a 5.41% increase in its short percent of float since the last report, reaching 13.63% of all shares available for trading. With 74.75 million shares sold short, it would take about 4.06 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards OPEN, although it doesn't necessarily predict a near-term price drop. Compared to its peers, OPEN has a higher short interest, suggesting more bearish sentiment than average within its peer group.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:15 pm

U.S. stocks traded higher on Monday, with notable gains in several companies. NuStar Energy L.P. (NS) surged after Sunoco's acquisition announcement. Other stocks like Sagimet Biosciences (SGMT), Rumble (RUM), Digital World Acquisition Corp (DWAC), and Fastly (FSLY) also saw significant increases due to various positive news, including clinical trial results, partnerships, and analyst upgrades.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 3:45 pm

Opendoor Technologies (NYSE:OPEN) has seen a decrease in short interest, with the short percent of float dropping 5.55% since the last report. The company has 70.92 million shares sold short, representing 12.93% of available shares. The average time to cover these short positions is 3.33 days. This decline in short interest may indicate a more bullish sentiment among investors, although it does not necessarily predict a near-term price increase. Opendoor has a higher short interest compared to its peers, with the peer group average at 6.64%.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 7:45 pm

Morgan Stanley (NYSE:MS) reported Q4 earnings with a net profit of $1.5 billion, down from $2.2 billion the previous year, but beat revenue expectations with $12.9 billion. The stock fell 4.6%. Other stocks also moved lower, including Spirit Airlines (SAVE), Gol Linhas (GOL), Applied Digital (APLD), and Boeing (BA), among others, due to various factors such as poor financial results, analyst downgrades, and restructuring plans.

Portfolio Pulse from Avi Kapoor

January 16, 2024 | 6:17 pm

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