Opendoor Technologies Inc (NASDAQ:OPEN) shares traded -3.01% lower at $1.61 on Wall Street last session.
OPEN stock price is now -16.10% away from the 50-day moving average and -29.04% away from the 200-day moving average. The market capitalization of the company currently stands at $1.08B.
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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, CHRISTINA SCHWARTZ, Officer bought 12,409 shares of the company’s stock on Nov 18 ’24. The stock was bought for $20,599 at an average price of $1.66. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 15 ’24, Chief Legal Officer Schaub Sydney sold 16,940 shares of the business’s stock. A total of $32,315 was realized by selling the stock at an average price of $1.91. This leaves the insider owning 1,281,411 shares of the company worth $2.06 million. A total of 16.91% of the company’s stock is owned by insiders.
During the past 12 months, Opendoor Technologies Inc has had a low of $1.58 and a high of $4.89. The fifty day moving average price for OPEN is $1.9262 and a two-hundred day moving average price translates $2.2784 for the stock.
The latest earnings results from Opendoor Technologies Inc (NASDAQ: OPEN) was released for 2024-09-30. The net profit margin was -7.49% and return on equity was -40.64% for OPEN. The company reported revenue of $1.38 billion for the quarter, compared to $980.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.51 percent.
