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

Insiders at Opendoor Technologies, Model N, RH, and Laureate Education have recently sold shares of their companies. Opendoor's President sold shares after a price target increase by JMP Securities. Model N's Chief Services Officer sold shares following a downgrade by JP Morgan. An insider at RH sold shares after the company reported disappointing Q3 results. Laureate Education's 10% owner sold shares post the company's upbeat quarterly results. Insider sales can indicate various sentiments and should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

January 08, 2024 | 12:54 pm

SoFi Technologies, Inc. (SOFI) shares dropped by approximately 13% after Keefe, Bruyette & Woods downgraded the stock from Market Perform to Underperform and reduced the price target from $7.50 to $6.50. The downgrade was based on recent outperformance and changes in the analyst's model. Other stocks experienced significant movements in Wednesday's mid-day session, with various companies reporting gains due to positive developments such as regulatory approvals, partnership announcements, and favorable analyst ratings. Conversely, some stocks saw declines due to negative news such as poor earnings, strategic setbacks, or unfavorable analyst actions.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 5:58 pm

Opendoor Technologies (NASDAQ:OPEN) has been reviewed by 4 analysts over the last three months, with a mix of opinions. The average 12-month price target is now $3.45, up from $3.05, with a high of $5.00 and a low of $2.50. Analysts from JMP Securities, Keefe, Bruyette & Woods, Deutsche Bank, and Morgan Stanley have updated their ratings and price targets. Opendoor's financial performance shows a significant revenue decline of -70.84% over 3 months, a net margin of -10.82%, and an ROE of -10.07%, with a debt-to-equity ratio of 2.8.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 3:00 pm

JMP Securities analyst Nicholas Jones has maintained an Outperform rating on Opendoor Technologies (NASDAQ:OPEN) and increased the price target from $3.5 to $5.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 11:23 am

BTIG analyst Jake Fuller has downgraded Opendoor Technologies (NASDAQ:OPEN) from Buy to Neutral, indicating a shift in the firm's outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:08 pm

Real estate stocks, including Opendoor Technologies Inc. (OPEN), Zillow Group Inc. (ZG), and Redfin Corp. (RDFN), are experiencing a surge as the 10-year Treasury yield falls below 4%. Opendoor received an analyst upgrade from Keefe, Bruyette & Woods Inc., changing its rating from Underperform to Market Perform and increasing its price target from $1.65 to $3.50 per share. Zillow and Redfin also saw significant gains, with Zillow's stock price increasing by 8.84% on Wednesday and continuing to rise by 6.8% in early Thursday trading, while Redfin's shares went up nearly 15% in the same period. The drop in Treasury yields is attributed to traders expecting Federal Reserve rate cuts in 2024.

Portfolio Pulse from Chris Bibey

December 14, 2023 | 9:12 pm

Jabil Inc. reported Q1 earnings with revenue of $8.39 billion, surpassing estimates, and an adjusted EPS of $2.60, causing its shares to rise by 5%. Other stocks also saw gains, including Redfin, Sunnova Energy, Wayfair, Sunrun, Moderna, Pacific Biosciences, Alector, Opendoor Technologies, Enphase Energy, Align Technology, Gold Fields, Alcoa, First Solar, Lucid Group, Citizens Financial Group, Rivian Automotive, Pool Corporation, RH, Regions Financial Corporation, and The Carlyle Group. Moderna's stock climbed after announcing positive study data with Merck, while Pacific Biosciences was initiated with an Overweight rating by Stephens & Co. Alector received an upgrade from Stifel, and Align Technology got an updated license from Health Canada. Alcoa was approved for continued mining, and Rivian signed a deal with AT&T.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 3:15 pm

Opendoor Technologies (NASDAQ:OPEN) has received 5 indifferent analyst ratings in the last quarter with no bullish or bearish ratings. The average 12-month price target among these analysts is $2.85, with a high of $3.50 and a low of $2.50. This target has decreased by 10.38% from the previous average of $3.18.

Portfolio Pulse from Benzinga Insights

December 13, 2023 | 5:00 pm

Opendoor Technologies' stock (OPEN) is trading higher following an upgrade from Keefe, Bruyette & Woods, who raised their rating from Underperform to Market Perform and increased the price target from $1.65 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 3:55 pm

Keefe, Bruyette & Woods analyst Will Jones has upgraded Opendoor Technologies (OPEN) from Underperform to Market Perform and increased the price target from $1.65 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 9:09 am

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