OPEN - Opendoor Technologies Inc. Stock Price, Fair Value and News

2.40USD-0.03 (-1.23%)Market Closed

Market Summary

USD2.40-0.03

Market Closed

-1.23%

OPEN Alerts

1 major insider sales recently.

Big fall in Revenue (Y/Y)
Losses in recent quarter

OPEN Stock Price

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OPEN RSI Chart

OPEN Valuation

Market Cap

1.7B

Price/Earnings (Trailing)

-5.86

Price/Sales (Trailing)

0.33

EV/EBITDA

-14.7

Price/Free Cashflow

-50.3

OPEN Price/Sales (Trailing)

OPEN Profitability

Operating Margin

8.61%

EBT Margin

-5.63%

Return on Equity

-31.48%

Return on Assets

-8.31%

Free Cashflow Yield

-1.99%

OPEN Fundamentals

OPEN Revenue

Revenue (TTM)

5.0B

Rev. Growth (Yr)

-62.15%

Rev. Growth (Qtr)

35.75%

OPEN Earnings

Earnings (TTM)

-283.0M

Earnings Growth (Yr)

-7.92%

Earnings Growth (Qtr)

-19.78%

Breaking Down OPEN Revenue

Last 7 days

3.5%

Last 30 days

11.1%

Last 90 days

-20%

Trailing 12 Months

-0.8%

How does OPEN drawdown profile look like?

OPEN Financial Health

Current Ratio

44.38

Debt/Equity

0.42

Debt/Cashflow

0.01

OPEN Investor Care

Shares Dilution (1Y)

6.60%

Diluted EPS (TTM)

-0.43

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	5.0B	0	0	0
2023	13.5B	11.3B	8.9B	6.9B
2022	12.4B	15.4B	16.5B	15.6B
2021	2.1B	2.5B	4.4B	8.0B
2020	5.0B	4.5B	3.6B	2.6B
2019	2.6B	3.3B	4.0B	4.7B
2018	0	0	0	1.8B
2017	0	0	0	711.1M

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Opendoor Technologies Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 07, 2024	schaub sydney	sold	-5,855	2.33	-2,513	chief legal officer
May 01, 2024	feder eric	acquired	-	-	10,293	-
Apr 25, 2024	meyer megan d.	sold	-9,904	2.06	-4,808	president, sell direct & svcs.
Apr 16, 2024	schwartz christina	sold	-7,577	2.125	-3,566	see remarks
Apr 15, 2024	schwartz christina	sold	-16,690	2.25206	-7,411	see remarks
Apr 15, 2024	meyer megan d.	sold	-205,040	2.252	-91,048	president, sell direct & svcs.
Apr 11, 2024	meyer megan d.	sold	-11,707	2.4349	-4,808	president, sell direct & svcs.
Apr 09, 2024	schaub sydney	sold	-6,860	2.73	-2,513	chief legal officer
Apr 01, 2024	schwartz christina	sold	-43,798	2.9199	-15,000	see remarks
Mar 28, 2024	meyer megan d.	sold	-14,786	3.0754	-4,808	president, sell direct & svcs.

Which funds bought or sold OPEN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	Wiser Advisor Group LLC	unchanged	-	-181	379	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-44.37	-9,723,320	5,864,850	-%
May 16, 2024	COMERICA BANK	added	1,387	44,356	49,253	-%
May 16, 2024	SYLEBRA CAPITAL LLC	added	13.02	-27,708,300	89,907,500	2.99%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-3.98	-881,364	1,632,850	-%
May 15, 2024	JANUS HENDERSON GROUP PLC	added	0.05	-370,055	768,014	-%
May 15, 2024	Temasek Holdings (Private) Ltd	unchanged	-	-508,348	1,062,270	0.01%
May 15, 2024	AH Capital Management, L.L.C.	unchanged	-	-9,770,120	20,416,200	1.48%
May 15, 2024	EVERGREEN CAPITAL MANAGEMENT LLC	unchanged	-	-21,025	43,935	-%
May 15, 2024	Jasper Ridge Partners, L.P.	unchanged	-	-48,285	100,899	-%

Are Funds Buying or Selling OPEN?

Are funds buying OPEN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own OPEN

No. of Funds

Unveiling Opendoor Technologies Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
May 06, 2024	access industries management, llc	7.75%	53,598,914	SC 13D/A
Feb 14, 2024	wu eric chung-wei	2.7%	18,298,757	SC 13G/A
Feb 13, 2024	vanguard group inc	12.87%	86,258,094	SC 13G/A
Feb 05, 2024	goldman sachs group inc	0.7%	4,957,867	SC 13G/A
Jan 26, 2024	blackrock inc.	7.6%	50,672,097	SC 13G
Feb 14, 2023	sylebra capital ltd	5.11%	32,436,371	SC 13G
Feb 14, 2023	sb investment advisers (uk) ltd	0.0%	0	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	0.4%	2,570,301	SC 13G/A
Feb 09, 2023	vanguard group inc	10.78%	68,341,853	SC 13G/A
Feb 08, 2023	goldman sachs group inc	7.2%	45,842,904	SC 13G

Recent SEC filings of Opendoor Technologies Inc.

View All Filings

Date Filed	Form Type	Document
May 10, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 06, 2024	SC 13D/A	13D - Major Acquisition
May 02, 2024	10-Q	Quarterly Report
May 02, 2024	3	Insider Trading
May 02, 2024	4	Insider Trading
May 02, 2024	8-K	Current Report
May 02, 2024	8-K	Current Report
May 02, 2024	DEFA14A	DEFA14A
May 02, 2024	S-3ASR	S-3ASR

Peers (Alternatives to Opendoor Technologies Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CSGP	35.7B	2.5B	2.41%	12.16%	121.44	14.14	12.26%	-19.88%
CBRE	28.0B	32.5B	7.21%	18.84%	28.14	0.86	5.07%	-12.06%
Z	10.4B	2.0B	3.71%	-3.82%	-65.12	5.16	6.03%	-14.39%
MID-CAP
JLL	9.8B	21.2B	18.97%	40.96%	32.63	0.46	1.89%	-39.82%
JOE	3.4B	404.1M	6.38%	28.03%	41.8	8.4	55.15%	19.63%
CWK	2.7B	9.4B	26.54%	44.64%	220.22	0.28	-5.93%	-83.62%
DBRG	2.2B	-	-20.99%	26.60%	6.31	2.72	18.22%	229.45%
SMALL-CAP
EXPI	1.9B	4.4B	26.26%	-15.63%	-212.43	0.44	-1.45%	-158.11%
ARL	223.1M	50.7M	-11.02%	-18.96%	81.38	4.4	22.36%	-99.25%
AXR	108.9M	44.5M	-4.35%	50.73%	48.83	2.44	-24.76%	-93.06%
CHCI	73.0M	45.1M	10.04%	78.23%	9.19	1.62	10.35%	24.96%
ASPS	48.8M	145.1M	20.67%	-58.77%	-0.93	0.34	-5.22%	1.69%

Opendoor Technologies Inc. News

Latest updates

Opendoor Technologies Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	35.7%	1,181,000,000	870,000,000	980,000,000	1,976,000,000	3,120,000,000	2,857,000,000	3,361,000,000	4,198,000,000	5,151,000,000	3,822,000,000	2,266,000,000	1,186,000,000	747,000,000	248,886,000	338,613,000	739,827,000	1,255,795,000	1,255,654,000	1,210,645,000	1,260,312,000	1,013,972,000
Cost Of Revenue	33.7%	1,067,000,000	798,000,000	884,000,000	1,827,000,000	2,950,000,000	2,786,000,000	3,786,000,000	3,712,000,000	4,616,000,000	3,550,000,000	2,064,000,000	1,027,000,000	650,000,000	210,197,000	302,802,000	685,253,000	1,164,748,000	1,182,360,000	-	-	-
Gross Profit	58.3%	114,000,000	72,000,000	96,000,000	149,000,000	170,000,000	71,000,000	-425,000,000	486,000,000	535,000,000	272,000,000	202,000,000	159,000,000	97,000,000	38,365,000	35,811,000	54,574,000	91,047,000	73,961,000	77,160,000	81,547,000	68,582,000
Operating Expenses	7.5%	201,000,000	187,000,000	175,000,000	217,000,000	294,000,000	342,000,000	385,000,000	454,000,000	417,000,000	374,000,000	271,000,000	311,000,000	342,000,000	104,827,000	80,688,000	93,426,000	127,059,000	139,629,000	-	-	-
S&GA Expenses	27.0%	113,000,000	89,000,000	85,000,000	124,000,000	188,000,000	194,000,000	260,000,000	276,000,000	276,000,000	225,000,000	153,000,000	97,000,000	69,000,000	32,710,000	27,336,000	47,265,000	81,689,000	92,625,000	-	-	-
R&D Expenses	-10.9%	41,000,000	46,000,000	42,000,000	39,000,000	40,000,000	48,000,000	40,000,000	41,000,000	40,000,000	32,000,000	27,000,000	24,000,000	51,000,000	10,191,000	13,184,000	16,838,000	15,787,000	13,785,000	-	-	-
EBITDA Margin	-3636.8%	-0.01	0.00	-0.03	-0.09	-0.08	-0.06	-0.04	0.00	-0.01	-0.06	-0.09	-0.18	-	-	-	-	-	-	-	-	-
Interest Expenses	0%	37,000,000	37,000,000	47,000,000	53,000,000	74,000,000	113,000,000	115,000,000	89,000,000	68,000,000	73,000,000	43,000,000	16,000,000	11,000,000	10,607,000	12,376,000	17,290,000	27,727,000	28,886,000	-	-	-
Income Taxes	233.3%	200,000	-150,000	-	1,000,000	300,000	-	1,000,000	1,000,000	-	-50,000	1,000,000	-	100,000	-219,500	30,000	79,000	100,000	-	-	-	-
Earnings Before Taxes	-19.8%	-109,000,000	-91,000,000	-106,000,000	24,000,000	-101,000,000	-448,000,000	-927,000,000	-53,000,000	28,000,000	-191,000,000	-56,000,000	-144,000,000	-270,000,000	-54,266,000	-80,818,000	-55,840,000	-62,076,000	-91,892,000	-	-	-
EBT Margin	-42.8%	-0.06	-0.04	-0.07	-0.13	-0.11	-0.09	-0.07	-0.02	-0.03	-0.08	-0.12	-0.22	-	-	-	-	-	-	-	-	-
Net Income	-19.8%	-109,000,000	-91,000,000	-106,000,000	23,000,000	-101,000,000	-399,000,000	-928,000,000	-54,000,000	28,000,000	-191,000,000	-57,000,000	-144,000,000	-270,000,000	-87,792,000	-80,853,000	-55,919,000	-62,196,000	-91,722,000	-89,736,000	-75,139,000	-82,573,000
Net Income Margin	-42.8%	-0.06	-0.04	-0.07	-0.12	-0.11	-0.09	-0.07	-0.02	-0.03	-0.08	-0.13	-0.23	-	-	-	-	-	-	-	-	-
Free Cashflow	66.2%	-186,000,000	-551,000,000	-227,000,000	931,000,000	2,154,000,000	1,391,000,000	-335,000,000	-1,903,000,000	1,540,000,000	100,000,000	-3,604,000,000	-1,914,000,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																			(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2018Q4
Assets	-4.6%	3,404	3,567	3,947	4,223	5,112	6,608	9,784	10,136	8,272	9,506	8,969	4,868	3,272	2,176	415	415	1,324	2,232	1,842
Current Assets	-4.7%	3,284	3,445	3,819	4,093	4,972	6,466	9,584	9,945	8,079	9,340	8,821	4,739	3,143	2,053	1.00	1.00	-	2,088	1,808
Cash Equivalents	28.7%	1,286	999	1,154	1,120	1,143	1,137	1,327	2,239	2,312	1,731	1,359	1,558	2,040	1,506	469	458	409	685	406
Net PPE	0%	66.00	66.00	68.00	62.00	59.00	58.00	62.00	54.00	49.00	45.00	38.00	34.00	31.00	29.00	29.00	-	-	35.00	18.00
Goodwill	0%	4.00	4.00	4.00	4.00	4.00	4.00	62.00	60.00	60.00	60.00	47.00	31.00	31.00	31.00	31.00	-	-	31.00	9.00
Liabilities	-3.7%	2,505	2,600	2,927	3,137	4,076	5,522	8,296	7,780	5,925	7,258	6,606	2,450	888	623	863	1,103	1,343	1,583	1,192
Current Liabilities	5.7%	74.00	70.00	74.00	88.00	443	1,505	3,601	3,606	2,814	4,400	4,240	1,810	644	393	6.00	0.00	0.00	1,126	1,068
Long Term Debt	0%	376	376	502	501	774	959	957	956	955	954	952	-	-	-	-	-	-	140	-
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	7.00	-	1,691	597	339	122	-	-	1,074	1,033
LT Debt, Non Current	-100.0%	-	376	502	501	774	959	957	956	955	954	952	-	-	-	-	-	-	140	-
Shareholder's Equity	-7.0%	899	967	1,020	1,086	1,036	1,086	1,488	2,356	2,347	2,248	2,363	2,418	2,384	1,553	5.00	5.00	0.00	-	413
Retained Earnings	-3.3%	-3,442	-3,333	-3,242	-3,136	-3,159	-3,058	-2,659	-1,731	-1,677	-1,705	-1,514	-1,457	-1,313	-1,043	-6.34	-0.30	-0.02	-790	-446
Additional Paid-In Capital	0.9%	4,341	4,301	4,263	4,224	4,198	4,148	4,152	4,092	4,028	3,955	3,877	3,876	3,697	2,596	11.00	5.00	0.00	57.00	31.00
Shares Outstanding	1.6%	689	678	669	657	648	637	630	622	619	593	586	588	-	-	-	-	-	-	-
Float	-	-	-	-	1,989	-	-	-	2,432	-	-	-	8,531	-	-	-	487	-	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	67.2%	-178	-542	-216	940	2,162	1,395	-322	-1,893	1,550	110	-3,592	-1,907	-405	-355	87.00	514	436	-0.02	-	-	-
Share Based Compensation	3.1%	33.00	32.00	31.00	21.00	42.00	-7.00	52.00	59.00	67.00	71.00	62.00	164	239	29.00	3.00	4.00	3.00	4.00	-	-	-
Cashflow From Investing	650.0%	22.00	-4.00	3.00	15.00	30.00	24.00	27.00	221	-38.00	-44.00	-258	-149	-25.00	29.00	18.00	-13.77	-55.15	-15.40	-	-	-
Cashflow From Financing	66.4%	-98.00	-292	-213	-809	-1,325	-2,707	520	1,770	-1,334	669	4,003	1,563	1,107	1,189	-127	-553	-346	0.00	-	-	-
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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OPEN Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
REVENUE	$ 1,181.0	$ 3,120.0
COST OF REVENUE	1,067.0	2,950.0
GROSS PROFIT	114.0	170.0
OPERATING EXPENSES:
Sales, marketing and operations	113.0	188.0
General and administrative	47.0	66.0
Technology and development	41.0	40.0
Total operating expenses	201.0	294.0
LOSS FROM OPERATIONS	(87.0)	(124.0)
GAIN ON EXTINGUISHMENT OF DEBT	0.0	78.0
INTEREST EXPENSE	(37.0)	(74.0)
OTHER INCOME – Net	15.0	19.0
LOSS BEFORE INCOME TAXES	(109.0)	(101.0)
INCOME TAX EXPENSE	(0.2)	(0.3)
NET LOSS	$ (109.0)	$ (101.0)
Net loss per share attributable to common shareholders:
Basic (in dollars per share)	$ (0.16)	$ (0.16)
Diluted (in dollars per share)	$ (0.16)	$ (0.16)
Weighted-average shares outstanding:
Basic (in shares)	682,457,000	641,916,000
Diluted (in shares)	682,457,000	641,916,000

OPEN Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions

Mar. 31, 2024

Dec. 31, 2023

CURRENT ASSETS:

Cash and cash equivalents

$ 953

$ 999

Restricted cash

333

541

Marketable securities

Escrow receivable

Real estate inventory, net

1,881

1,775

Other current assets

Total current assets

3,284

3,445

PROPERTY AND EQUIPMENT – Net

RIGHT OF USE ASSETS

GOODWILL

INTANGIBLES – Net

OTHER ASSETS

TOTAL ASSETS

^[1]

3,404

3,567

CURRENT LIABILITIES:

Accounts payable and other accrued liabilities

Interest payable

Lease liabilities - current portion

Total current liabilities

NON-RECOURSE ASSET-BACKED DEBT – Net of current portion

2,036

2,134

CONVERTIBLE SENIOR NOTES

376

LEASE LIABILITIES – Net of current portion

OTHER LIABILITIES

Total liabilities

^[2]

2,505

2,600

COMMITMENTS AND CONTINGENCIES (See Note 13)

SHAREHOLDERS’ EQUITY:

Common stock, $0.0001 par value; 3,000,000,000 shares authorized; 688,560,794 and 677,636,163 shares issued, respectively; 688,560,794 and 677,636,163 shares outstanding, respectively

Additional paid-in capital

4,341

4,301

Accumulated deficit

(3,442)

(3,333)

Accumulated other comprehensive loss

(1)

Total shareholders’ equity

899

967

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$ 3,404

$ 3,567

[1]

The Company’s consolidated assets at March 31, 2024 and December 31, 2023 include the following assets of certain variable interest entities (“VIEs”) that can only be used to settle the liabilities of those VIEs: Restricted cash, $322 and $530; Real estate inventory, net, $1,848 and $1,735; Escrow receivable, $14 and $8; Other current assets, $27 and $10; and Total assets of $2,211 and $2,283, respectively.

[2]

The Company’s consolidated liabilities at March 31, 2024 and December 31, 2023 include the following liabilities for which the VIE creditors do not have recourse to Opendoor: Accounts payable and other accrued liabilities, $27 and $28; Interest payable, $1 and $1; Non-recourse asset-backed debt, net of current portion, $2,036 and $2,134; and Total liabilities, $2,064 and $2,163, respectively.

About Opendoor Technologies Inc.

Opendoor Technologies Inc. operates an e-commerce platform for residential real estate transactions in the United States. It buys and sells homes. The company's product offerings comprise 1P Product that enables homeowners to sell their home directly to it and resell the home to a home buyer; and 3P Product that connects the home seller with an institutional or retail buyer. It also provides real estate brokerage, title insurance and settlement, and escrow services, as well as property and casualty insurance, and construction services. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.

CEO	Ms. Carrie A. Wheeler
WEBSITE	opendoor.com
INDUSTRY	Real Estate Services
EMPLOYEES	2570

Opendoor Technologies Inc. Frequently Asked Questions

What is the ticker symbol for Opendoor Technologies Inc.? What does OPEN stand for in stocks?

OPEN is the stock ticker symbol of Opendoor Technologies Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Opendoor Technologies Inc. (OPEN)?

As of Fri May 17 2024, market cap of Opendoor Technologies Inc. is 1.66 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of OPEN stock?

You can check OPEN's fair value in chart for subscribers.

What is the fair value of OPEN stock?

You can check OPEN's fair value in chart for subscribers. The fair value of Opendoor Technologies Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Opendoor Technologies Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for OPEN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Opendoor Technologies Inc. a good stock to buy?

The fair value guage provides a quick view whether OPEN is over valued or under valued. Whether Opendoor Technologies Inc. is cheap or expensive depends on the assumptions which impact Opendoor Technologies Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for OPEN.

What is Opendoor Technologies Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, OPEN's PE ratio (Price to Earnings) is -5.86 and Price to Sales (PS) ratio is 0.33. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. OPEN PE ratio will change depending on the future growth rate expectations of investors.