In yesterday’s Wall Street session, Opendoor Technologies Inc (NASDAQ:OPEN) shares traded at $2.12, down -0.70% from the previous session.
OPEN stock price is now -22.35% away from the 50-day moving average and -32.74% away from the 200-day moving average. The market capitalization of the company currently stands at $1.47B.
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On December 13, 2023, Keefe Bruyette Upgraded its previous ‘Underperform’ rating to ‘Mkt Perform’ on the stock keeping its target price maintained at $3.50, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, Meyer Megan D., President, Sell Direct & Svcs. sold 4,808 shares of the company’s stock on Apr 25 ’24. The stock was sold for $9,904 at an average price of $2.06. Upon completion of the transaction, the President, Sell Direct & Svcs. now directly owns 4,692,644 shares in the company, valued at $9.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 16 ’24, Schwartz Christina sold 3,566 shares of the business’s stock. A total of $7,578 was realized by selling the stock at an average price of $2.12. This leaves the insider owning 826,599 shares of the company worth $1.75 million. A total of 19.84% of the company’s stock is owned by insiders.
During the past 12 months, Opendoor Technologies Inc has had a low of $1.26 and a high of $5.41.
According to the Real Estate Services Company, earnings per share came in at -0.64, beating analysts’ expectations of -0.66 by 0.02. This compares to -$0.64 EPS in the same period last year. The net profit margin was -3.96% and return on equity was -26.79% for OPEN. The company reported revenue of $870.0 million for the quarter, compared to $2.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -69.55 percent. For the current quarter, analysts expect OPEN to generate $1.09B in revenue.
