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

A Missouri jury has found the National Association of Realtors (NAR), HomeServices of America, and Keller Williams guilty of colluding to inflate commission rates. The defendants have been ordered to pay damages of $1.78 billion, which could potentially double due to treble damages. The verdict opens the door for additional potential class-action lawsuits in other states. The lawsuit also included RE/MAX and Anywhere as defendants, but they reached settlements earlier. The defendants are expected to appeal the ruling.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 5:44 pm

Investor Anthony Pompliano warns that housing affordability in the U.S. has become a national crisis, with Goldman Sachs' home affordability index at its lowest in 26 years. Mortgage rates have risen to 8%, the highest in 20 years, leading to higher monthly payments. The real estate and housing industry have been negatively impacted, with Zillow Group, Opendoor Technologies, and Rocket Companies seeing significant stock declines. The iShares US Real Estate ETF is also down 7% YTD.

Portfolio Pulse from Aaron Bry

October 11, 2023 | 7:30 pm

Several stocks experienced significant movement in Tuesday's mid-day session. Notable gainers include SuperCom Ltd., SMX (Security Matters) Public Limited Company, PowerFleet, Inc., SaverOne 2014 Ltd, Intrusion Inc., Startek, Inc., CISO Global Inc., Mobilicom Limited, PGT Innovations, Inc., NanoString Technologies, Inc., Erasca, Inc., Processa Pharmaceuticals, Inc., MDxHealth SA, Lexicon Pharmaceuticals, Inc., ContraFect Corporation, Canopy Growth Corporation, Coherent Corp., Opendoor Technologies Inc., Rackspace Technology, Inc., Hyatt Hotels Corporation, and Immunic, Inc. Notable losers include Akero Therapeutics, Inc., Athersys, Inc., 89bio, Inc., HUB Cyber Security Ltd., Gamer Pakistan Inc., ParaZero Technologies Ltd., Ventyx Biosciences, Inc., Molekule Group, Inc., Maris-Tech Ltd., Maison Solutions Inc., Fitell Corporation, Nxu, Inc., Phoenix Motor Inc., Safe and Green Development Corporation, John Wiley & Sons, Inc., Falcon's Beyond Global, Inc., Lipella Pharmaceuticals Inc., RVL Pharmaceuticals plc, Groupon, Inc., Borqs Technologies, Inc., VIA optronics AG, and PagerDuty, Inc.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 5:08 pm

Real estate stocks took a hit on Tuesday due to rising treasury yields. The Real Estate Select Sector SPDR Fund (XLRE) closed down nearly 2%. Real estate tech stocks, Zillow Group Inc (ZG) and Opendoor Technologies Inc (OPEN), closed down about 7% and 10% respectively. Rocket Companies Inc (RKT) also saw a drop of more than 6% as mortgage rates moved higher, nearing 8%, the highest point since 2000. The rise in mortgage rates has softened the demand for new buyers and limited the supply of houses listed.

Portfolio Pulse from Aaron Bry

October 04, 2023 | 4:36 am

Benzinga's Analyst Ratings API, a collection of high-quality stock ratings, has been identified as a reliable source for trading indicators. Five of the most accurate Wall Street analysts, according to Benzinga, have made new stock picks. Rick Patel from Raymond James sees a 25% upside in NIKE, Inc. (NKE), Eric Wold from B. Riley Securities sees a 125% upside in Topgolf Callaway Brands Corp. (MODG), Rohit Kulkarni from Roth MKM sees a 6% upside in Pinterest, Inc. (PINS), Justin Post from B of A Securities sees a 35% upside in Amazon.com, Inc. (AMAN), and Lloyd Walmsley from UBS sees a 0.4% upside in Opendoor Technologies Inc. (OPEN).

Portfolio Pulse from Lisa Levin

October 02, 2023 | 10:12 am

UBS analyst Lloyd Walmsley has initiated coverage on Opendoor Technologies (NASDAQ:OPEN) with a Neutral rating and a price target of $2.75.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 11:04 am

Several US stocks recorded gains in Wednesday's trading session. MillerKnoll surged 27% after announcing better-than-expected Q1 results and FY24 EPS guidance above estimates. Biohaven, Ramaco Resources, SoundHound AI, Warrior Met Coal, Immunovant, PROS Holdings, Ginkgo Bioworks, Hayward Holdings, Sea Limited, TAL Education Group, Opendoor Technologies, WW International, IonQ, Stevanato Group, Peabody Energy Corporation, and Mattel also saw significant increases.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 2:28 pm

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

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 10:59 am

In the last quarter, Opendoor Technologies (NASDAQ:OPEN) received 3 somewhat bullish and 3 indifferent analyst ratings. The company's 12-month price target averages at $4.66, with a high of $7.00 and a low of $2.70. This average has not changed from the previous quarter.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 5:01 pm

Citigroup analyst Ygal Arounian has maintained a Neutral rating on Opendoor Technologies (NASDAQ:OPEN) and lowered the price target from $3.9 to $2.7.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 2:52 pm

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