S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Closing prices for crude oil, gold and other commodities
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MarketBeat Week in Review – 11/27 - 12/1
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New CBOE “special perk” helps traders target income every weekend (Ad)
How major US stock indexes fared Friday, 12/1/2023
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Closing prices for crude oil, gold and other commodities
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
MarketBeat Week in Review – 11/27 - 12/1
Mega merger in the works? Humana, Cigna explore big deal
New CBOE “special perk” helps traders target income every weekend (Ad)
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Chicago and other northern US cities scramble to house migrants with coldest weather just ahead
New CBOE “special perk” helps traders target income every weekend (Ad)
How major US stock indexes fared Friday, 12/1/2023
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Closing prices for crude oil, gold and other commodities
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
MarketBeat Week in Review – 11/27 - 12/1
Mega merger in the works? Humana, Cigna explore big deal
New CBOE “special perk” helps traders target income every weekend (Ad)
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Chicago and other northern US cities scramble to house migrants with coldest weather just ahead
New CBOE “special perk” helps traders target income every weekend (Ad)
How major US stock indexes fared Friday, 12/1/2023
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Closing prices for crude oil, gold and other commodities
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
MarketBeat Week in Review – 11/27 - 12/1
Mega merger in the works? Humana, Cigna explore big deal
New CBOE “special perk” helps traders target income every weekend (Ad)
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Chicago and other northern US cities scramble to house migrants with coldest weather just ahead
New CBOE “special perk” helps traders target income every weekend (Ad)
How major US stock indexes fared Friday, 12/1/2023
US targets oil and natural gas industry's role in global warming with new rule on methane emissions

Opendoor Technologies Stock Price, News & Analysis (NASDAQ:OPEN)

$3.32
+0.31 (+10.30%)
(As of 12/1/2023 ET)
Compare
Today's Range
$2.85
$3.35
50-Day Range
$1.89
$3.32
52-Week Range
$0.92
$5.41
Volume
25.46 million shs
Average Volume
18.95 million shs
Market Capitalization
$2.22 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.47

Opendoor Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.09 Rating Score
Upside/​Downside
4.4% Upside
$3.47 Price Target
Short Interest
Bearish
13.99% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.95
Upright™ Environmental Score
News Sentiment
-0.02mentions of Opendoor Technologies in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$5.82 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.38) to ($0.80) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.49 out of 5 stars

Business Services Sector

286th out of 318 stocks

Real Estate Agents & Managers Industry

13th out of 14 stocks


OPEN stock logo

About Opendoor Technologies Stock (NASDAQ:OPEN)

Opendoor Technologies Inc. is a San Francisco-based company that aims to transform how people buy and sell homes. Founded in 2014, Opendoor provides an online platform allowing homeowners to sell their homes directly to the company without needing a traditional real estate agent. The company also offers home-buying and financing services to its customers.

Opendoor's mission is to simplify the real estate transaction process, making it easier and faster for homeowners to sell their homes and for buyers to find their dream homes. The company's platform streamlines the home-selling process by providing homeowners with an instant offer for their property, allowing them to sell their homes quickly and hassle-free. Opendoor offers a unique buying experience, providing customers with virtual tours of houses and a flexible closing process.

Opendoor's products and services are primarily targeted at homeowners looking to sell their homes quickly, homebuyers looking for a streamlined buying experience, and real estate investors looking for a hassle-free way to acquire properties. The company operates in several markets across the United States, including Atlanta, Austin, Charlotte, Dallas-Fort Worth, Houston, Las Vegas, Nashville, Orlando, Phoenix, Raleigh-Durham, and Tampa.

Opendoor has received several awards and recognitions for its innovative approach to the real estate industry. In 2020, the company was named to the Forbes' Next Billion-Dollar Startups list and was ranked #1 on the 2020 CNBC Disruptor 50 list.

In December 2022, Opendoor's Chief Executive Officer and co-founder, Eric Wu, stepped back amid uncertainty in the housing market and his mounting financial losses. Wu is a serial entrepreneur with extensive experience in the technology industry. Before founding Opendoor, Wu co-founded Movity.com, a real estate data company that was acquired by Trulia in 2010. Wu continues to work with OpenDoor assuming the role of President of the Marketplace. 

Internally the company's Chief Financial Officer, Carrie Wheeler, took over as CEO in December 2022. Before coming to OpenDoor, Carrie worked with TGP Global for over twenty years. TGP Global is a leading investment firm where Carrie was a partner serving on the boards of several large well-known brands. 

Opendoor went public through a merger with a special purpose acquisition company (SPAC) in December 2020. The company reported revenue of $15.57 billion in 2022, up from $8 billion in 2021. Gross profit is reported to increase yearly, but the company's net loss for the same period has increased by over 50%.

Opendoor operates in the real estate industry, known for its cyclical nature and sensitivity to economic conditions. The sector has experienced significant growth over the past few years, driven by low-interest rates, a strong economy, and a shortage of available housing. However, the industry faces significant challenges, such as rising construction costs, supply chain disruptions, labor shortages, and an uncertain economic lookout for the future.

Recently, the industry has seen new technology-driven players, such as Zillow and Redfin, disrupting traditional real estate brokerage models by offering online marketplaces for buying and selling homes. Opendoor is one of the most prominent companies, leveraging technology to streamline the home buying and selling process.

Opendoor has several growth opportunities that it could pursue to drive future revenue and earnings growth. One such opportunity is to expand its geographic footprint by entering new markets. The company operates in over 40 markets across the United States and plans to expand into additional markets in the coming years. This could help the company increase its revenue base and market share in new regions.

Opendoor faces several risks and challenges that could impact its future performance. One of the company's biggest risks is the cyclicality of the real estate industry. If economic conditions deteriorate, home demand could decline, negatively impacting the company's revenue and earnings.

Another significant risk facing Opendoor is increased competition. The company operates in a highly competitive industry and faces competition from both online real estate marketplaces and traditional real estate brokers. If Opendoor cannot maintain its competitive advantages, its market position could be threatened.

Opendoor also faces regulatory risks, particularly as it expands into new markets. The real estate industry is subject to a complex regulatory framework, and the company could face legal or regulatory challenges if it fails to comply with these regulations.

Opendoor is a relatively new company and has a limited operating history. As such, predicting how the company will perform over the long term is difficult, particularly in changing economic conditions or industry trends.

OPEN Stock Price History

OPEN Stock News Headlines

Realtor verdict, poor revenue guidance send Zillow stock plunging (OPEN)
Zillow stock dropped 9% following a jury verdict implicating realtors in a conspiracy to inflate commissions. The company also slashed its revenue forecast.
Opendoor: Less Than 1% Digitized
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Analyst Expectations for Opendoor Technologies's Future
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Opendoor to Present at UBS Global Technology Conference
Why Opendoor Technologies Stock Popped Today
Q3 2023 Opendoor Technologies Inc Earnings Call
Why Opendoor Stock Was Moving Higher Today
Dana Hamilton joins Opendoor Board of Directors
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Today
12/02/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/22/2024

Industry, Sector and Symbol

Industry
Real estate agents & managers
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:OPEN
CUSIP
68372A10
Fax
N/A
Employees
2,570
Year Founded
2014

Price Target and Rating

Average Stock Price Target
$3.47
High Stock Price Target
$7.00
Low Stock Price Target
$1.70
Potential Upside/Downside
+4.4%
Consensus Rating
Hold
Rating Score (0-4)
2.09
Research Coverage
11 Analysts

Profitability

Net Income
$-1,353,000,000.00
Pretax Margin
-6.52%

Debt

Sales & Book Value

Annual Sales
$15.57 billion
Book Value
$1.52 per share

Miscellaneous

Free Float
614,284,000
Market Cap
$2.22 billion
Optionable
Not Optionable
Beta
2.76

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Key Executives















OPEN Stock Analysis - Frequently Asked Questions

Should I buy or sell Opendoor Technologies stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Opendoor Technologies in the last year. There are currently 1 sell rating, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" OPEN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OPEN, but not buy additional shares or sell existing shares.
View OPEN analyst ratings
or view top-rated stocks.

What is Opendoor Technologies' stock price target for 2024?

11 equities research analysts have issued 1-year price targets for Opendoor Technologies' stock. Their OPEN share price targets range from $1.70 to $7.00. On average, they anticipate the company's stock price to reach $3.47 in the next year. This suggests a possible upside of 4.4% from the stock's current price.
View analysts price targets for OPEN
or view top-rated stocks among Wall Street analysts.

How have OPEN shares performed in 2023?

Opendoor Technologies' stock was trading at $1.16 at the beginning of 2023. Since then, OPEN stock has increased by 186.2% and is now trading at $3.32.
View the best growth stocks for 2023 here
.

When is Opendoor Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our OPEN earnings forecast
.

How were Opendoor Technologies' earnings last quarter?

Opendoor Technologies Inc. (NASDAQ:OPEN) released its quarterly earnings data on Thursday, November, 2nd. The technology company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.06. The technology company earned $980 million during the quarter, compared to analyst estimates of $985.97 million. Opendoor Technologies had a negative trailing twelve-month return on equity of 116.84% and a negative net margin of 6.53%.

What other stocks do shareholders of Opendoor Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Opendoor Technologies investors own include Salesforce (CRM), Netflix (NFLX), Telaria (TLRA), Twitter (TWTR), Baidu (BIDU), eBay (EBAY), Expedia Group (EXPE), SINA (SINA), Wells Fargo & Company (WFC) and Yelp (YELP).

Who are Opendoor Technologies' major shareholders?

Opendoor Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include Morgan Stanley (1.18%), Ieq Capital LLC (1.17%), American Century Companies Inc. (1.12%), Charles Schwab Investment Management Inc. (0.96%), Northern Trust Corp (0.76%) and Schroder Investment Management Group (0.74%). Insiders that own company stock include Ah Kee Andrew Low, Carrie Wheeler, Christina Schwartz, Daniel Morillo, Elizabeth Ann Stevens, Eric Chung-Wei Wu, Excalibur (Cayman) Ltd Svf, Glenn Solomon, Jason Mironov, Megan D Meyer, Pueo Keffer and Sydney Schaub.
View institutional ownership trends
.

How do I buy shares of Opendoor Technologies?

Shares of OPEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Opendoor Technologies have any subsidiaries?
The following companies are subsidiares of Opendoor Technologies: Digital Opendoor Insurance Services LLC, OD Arizona D LLC, OD Equity Owner D LLC, OD Homes Brokerage Inc., OD Intermediate Holdco C LLC, OD Intermediate SUBI Holdco I LLC, OD Intermediate SUBI Holdco II LLC, OD Intermediate SUBI Holdco III LLC, OD Intermediate SUBI Holdco IV LLC, OD Mezzanine Borrower R2 LLC, OD Mezzanine Borrower W LLC, OD Nevada D LLC, OD SUBI Holdco I LLC, OD SUBI Holdco II LLC, OD SUBI Holdco III LLC, OD SUBI Holdco IV LLC, OD Texas D LLC, OD Trust Holdco LLC, OS National, OS National Alabama LLC, OSN Texas LLC, Open Listings, Opendoor Brokerage Inc., Opendoor Brokerage LLC, Opendoor GP LLC, Opendoor Home Loans LLC, Opendoor Homes Phoenix 2 LLC, Opendoor Labs Inc., Opendoor Property Acquisition Fund LP, Opendoor Property Acquisition LLC, Opendoor Property C LLC, Opendoor Property D LLC, Opendoor Property Holdco C LLC, Opendoor Property Holdco J LLC, Opendoor Property Holdco N LLC, Opendoor Property Holdco W LLC, Opendoor Property J LLC, Opendoor Property N LLC, Opendoor Property Trust I, Opendoor Title Services Holding LLC, Pro.com, RedDoor, and Redefined Tax Solutions LLC.
Read More
This page (NASDAQ:OPEN) was last updated on 12/2/2023 by MarketBeat.com Staff

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