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OPEN

Opendoor Technologies Inc.

OPEN

3.44USD+0.06 (+1.78%)Market Closed
Watchlist

Market Summary

USD3.44+0.06
Market Closed
1.78%

OPEN Alerts

  • 1 major insider sales recently.
  • Big fall in Revenue (Y/Y)
  • Big jump in Earnings (Y/Y)
  • Losses in recent quarter

OPEN Stock Price

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OPEN RSI Chart

OPEN Valuation

Market Cap

2.3B

Price/Earnings (Trailing)

-3.95

Price/Sales (Trailing)

0.26

EV/EBITDA

0.29

Price/Free Cashflow

0.54

OPEN Price/Sales (Trailing)

OPEN Profitability

Operating Margin

2.23%

EBT Margin

-11.30%

Return on Equity

-143.05%

Return on Assets

-28.99%

Free Cashflow Yield

184.74%

OPEN Fundamentals

OPEN Revenue

Revenue (TTM)

8.9B

Revenue Y/Y

-70.84%

Revenue Q/Q

-50.4%

OPEN Earnings

Earnings (TTM)

-583.0M

Earnings Y/Y

88.58%

Earnings Q/Q

-560.87%

Price Action

Last 7 days

14.7%

Last 30 days

72%

Last 90 days

-9.5%

Trailing 12 Months

144.0%

How does OPEN drawdown profile look like?

OPEN Financial Health

Current Ratio

11.22

OPEN Investor Care

Shares Dilution (1Y)

5.70%

Diluted EPS (TTM)

-0.93

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
202313.5B11.3B8.9B0
202212.4B15.4B16.5B15.6B
20212.1B2.5B4.4B8.0B
20205.0B4.5B3.6B2.6B
20192.6B3.3B4.0B4.7B
2018992.8M1.3B1.6B1.8B
2017000711.1M

Latest Insider Trading transactions for OPEN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Nov 29, 2023
schaub sydney
sold
-30,156
3.00
-10,052
chief legal officer
Nov 27, 2023
wu eric chung-wei
gifted
-
-
-10,000,000
-
Nov 24, 2023
meyer megan d.
sold
-12,384
2.5757
-4,808
president, sell direct & svcs.
Nov 15, 2023
wu eric chung-wei
sold
-172,919
2.4632
-70,201
-
Nov 10, 2023
schaub sydney
sold
-41,196
2.0518
-20,078
chief legal officer
Nov 09, 2023
meyer megan d.
sold
-9,992
2.0783
-4,808
president, sell direct & svcs.
Nov 01, 2023
hamilton dana
acquired
-
-
52,777
-
Oct 26, 2023
meyer megan d.
sold
-9,904
2.06
-4,808
president, sell direct & svcs.
Oct 18, 2023
schwartz christina
sold
-8,071
2.2659
-3,562
see remarks
Oct 16, 2023
schwartz christina
sold
-15,474
2.3855
-6,487
see remarks

1–10 of 50

Which funds bought or sold OPEN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Dec 04, 2023
Phoenix Holdings Ltd.
sold off
-100
-45,402
-
-%
Nov 24, 2023
DEUTSCHE BANK AG\
reduced
-87.53
-51,365,400
4,580,200
-%
Nov 21, 2023
COMERICA BANK
new
-
13,736
13,736
-%
Nov 21, 2023
Walleye Trading LLC
added
0.84
-75,277
147,576
-%
Nov 21, 2023
Walleye Capital LLC
reduced
-68.48
-851,711
222,341
-%
Nov 17, 2023
Diversified Trust Co
unchanged
-
-20,351
38,931
-%
Nov 17, 2023
JACOBS LEVY EQUITY MANAGEMENT, INC
added
179
1,719,860
3,780,140
0.02%
Nov 16, 2023
McIlrath & Eck, LLC
unchanged
-
-215
412
-%
Nov 16, 2023
Creative Planning
added
70.82
19,381
178,477
-%
Nov 15, 2023
Baker Avenue Asset Management, LP
sold off
-100
-687
-
-%

1–10 of 34

Latest Funds Activity

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

Schedule 13G FIlings of Opendoor Technologies Inc.

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 14, 2022
price t rowe associates inc /md/
5.9%
36,169,638
SC 13G
Feb 14, 2022
sb investment advisers (uk) ltd
6.8%
41,420,282
SC 13G/A
Feb 14, 2022
vk services, llc
1.4%
8,362,052
SC 13G/A
Feb 14, 2022
ggv capital v l.p.
2.8%
17,442,762
SC 13G/A
Feb 11, 2022
wu eric chung-wei
5.1%
31,144,970
SC 13G/A

Recent SEC filings of Opendoor Technologies Inc.

View All Filings
Date Filed Form Type Document
Dec 01, 2023
4
Insider Trading
Nov 29, 2023
4
Insider Trading
Nov 28, 2023
4
Insider Trading
Nov 17, 2023
4
Insider Trading
Nov 15, 2023
8-K
Current Report
Nov 13, 2023
4
Insider Trading
Nov 13, 2023
4
Insider Trading
Nov 13, 2023
144
Notice of Insider Sale Intent
Nov 03, 2023
3
Insider Trading
Nov 03, 2023
4
Insider Trading

OPEN Fair Value

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Peers (Alternatives to Opendoor Technologies Inc.)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
34.0B
2.4B
8.78% 3.50%
84.43
14.23
12.88% 19.12%
24.8B
31.2B
8.45% 6.03%
42.08
0.8
0.03% -70.77%
MID-CAP
10.5B
1.9B
21.50% 22.13%
-67.1
5.53
-7.39% 45.86%
7.8B
20.5B
10.50% 1.11%
34.19
0.38
-3.39% -74.72%
3.1B
364.2M
8.11% 48.93%
33.14
8.43
25.51% 23.98%
2.6B
1.4B
3.31% 27.27%
39.92
1.86
16.64% 118.17%
SMALL-CAP
2.2B
4.2B
5.45% 16.60%
432.34
0.51
-10.76% -86.83%
2.0B
9.6B
6.30% -27.03%
-25.94
0.2
-7.29% -124.14%
252.0M
49.8M
20.74% -27.91%
1.66
5.06
51.49% -53.11%
116.3M
145.7M
6.30% -68.89%
-2.14
0.8
-7.20% -284.74%
100.5M
48.3M
16.28% 71.02%
4.74
2.08
-18.80% 31.52%
39.7M
43.0M
-3.06% -12.71%
5.5
0.92
13.85% 36.79%

Opendoor Technologies Inc. News

Latest updates
InvestorsObserver • 06 Dec 2023 • 07:16 pm • 9 hours ago
Nasdaq • 06 Dec 2023 • 04:00 pm • 12 hours ago
InvestorsObserver • 06 Dec 2023 • 01:23 pm • 14 hours ago
Stocks Register • 05 Dec 2023 • 12:34 pm • 39 hours ago
Penny Stocks • 01 Dec 2023 • 05:16 pm • 5 days ago
Investing.com UK • 01 Dec 2023 • 04:02 pm • 5 days ago
Yahoo Finance • 01 Dec 2023 • 02:00 pm • 5 days ago
Marketscreener.com • 28 Nov 2023 • 10:08 pm • 8 days ago
InvestorsObserver • 27 Nov 2023 • 07:14 pm • 9 days ago
InvestorsObserver • 24 Nov 2023 • 08:00 am • 12 days ago
Nasdaq • 22 Nov 2023 • 08:00 am • 14 days ago
InvestorsObserver • 22 Nov 2023 • 08:00 am • 14 days ago
Morningstar • 21 Nov 2023 • 08:00 am • 15 days ago
Yahoo Finance • 20 Nov 2023 • 08:00 am • 16 days ago
Yahoo Finance • 18 Nov 2023 • 08:00 am • 18 days ago

Financials for Opendoor Technologies Inc.

Income Statement (Last 12 Months)
Income Statement (Quarterly)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue-50.4%980,000,0001,976,000,0003,120,000,0002,857,000,0003,361,000,0004,198,000,0005,151,000,0003,822,000,0002,266,000,0001,186,000,000747,000,000248,886,000338,613,000739,827,0001,255,795,0001,255,654,0001,210,645,0001,260,312,0001,013,972,000--
Cost Of Revenue-51.6%884,000,0001,827,000,0002,950,000,0002,786,000,0003,786,000,0003,712,000,0004,616,000,0003,550,000,0002,064,000,0001,027,000,000650,000,000210,197,000302,802,000685,253,0001,164,748,0001,182,360,000-----
Gross Profit-35.6%96,000,000149,000,000170,000,00071,000,000-425,000,000486,000,000535,000,000272,000,000202,000,000159,000,00097,000,00038,365,00035,811,00054,574,00091,047,00073,961,00077,160,00081,547,00068,582,000--
Operating Expenses-19.4%175,000,000217,000,000294,000,000342,000,000385,000,000454,000,000417,000,000374,000,000271,000,000311,000,000342,000,000104,827,00080,688,00093,426,000127,059,000139,629,000-----
  S&GA Expenses-31.5%85,000,000124,000,000188,000,000194,000,000260,000,000276,000,000276,000,000225,000,000153,000,00097,000,00069,000,00032,710,00027,336,00047,265,00081,689,00092,625,000-----
  R&D Expenses7.7%42,000,00039,000,00040,000,00048,000,00040,000,00041,000,00040,000,00032,000,00027,000,00024,000,00051,000,00010,191,00013,184,00016,838,00015,787,00013,785,000-----
EBITDA Margin----0.08-0.06-0.040.00-0.01-0.06-0.10-0.20-0.19-0.07-0.05-0.03-0.03-0.04-0.04-0.04-0.04-0.09-
Interest Expenses-11.3%47,000,00053,000,00074,000,000113,000,000115,000,00089,000,00068,000,00073,000,00043,000,00016,000,00011,000,00010,607,00012,376,00017,290,00027,727,00028,886,000-----
Income Taxes-100.0%-1,000,000300,000-1,000,0001,000,000--50,0001,000,000-100,000-234,50035,000100,000100,000-340,000-----
Earnings Before Taxes-541.7%-106,000,00024,000,000-101,000,000-448,000,000-927,000,000-53,000,00028,000,000-191,000,000-56,000,000-144,000,000-270,000,000-54,266,000-80,818,000-55,840,000-62,076,000-91,892,000-----
EBT Margin----0.11-0.09-0.07-0.02-0.03-0.08-0.13-0.23-0.24-0.11-0.08-0.06-0.06-0.07-0.07-0.05-0.06-0.13-
Net Income-560.9%-106,000,00023,000,000-101,000,000-399,000,000-928,000,000-54,000,00028,000,000-191,000,000-57,000,000-144,000,000-270,000,000-87,792,000-80,853,000-55,919,000-62,196,000-91,722,000-89,736,000-75,139,000-82,573,000--
Net Income Margin----0.11-0.09-0.07-0.02-0.03-0.08-0.13-0.20-0.18-0.040.00-0.02-0.03-0.05-0.07-0.07-0.08-0.13-
Free Cashflow---2,154,000,0001,391,000,000-335,000,000-1,903,000,0001,540,000,00099,436,000-3,603,371,000-1,914,065,000-408,848,000679,363,847-3,172,709-441,978,138430,698,000-6,232,631-111,513,333-299,914,750-299,914,750-299,914,750-
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-6.5%3,9474,2235,1126,6089,78410,1368,2729,5068,9694,8683,2722,1761,0494151,3242,2322,1342,0371,9401,842
  Current Assets-6.7%3,8194,0934,9726,4669,5849,9458,0799,3408,8214,7393,1432,0539231.00-2,088---1,808
    Cash Equivalents112.3%2,3781,1201,1431,1371,3272,2392,3122,5781,3591,5582,0401,413469458409685455--406
  Net PPE9.7%68.0062.0059.0058.0062.0054.0049.0045.0038.0034.0031.0029.0029.00--35.00---18.00
  Goodwill0%4.004.004.004.0062.0060.0060.0060.0047.0031.0031.0031.0031.00--31.00---9.00
Liabilities-6.7%2,9273,1374,0765,5228,2967,7805,9257,2586,6062,4508886233767791,1811,5831,4851,3881,2901,192
  Current Liabilities-15.9%74.0088.004431,5053,6013,6062,8144,4004,2401,8106443931790.000.001,126---1,068
    LT Debt, Current----------1,691597346122--1,074---1,033
Shareholder's Equity-6.1%1,0201,0861,0361,0861,4882,3562,3472,2482,3632,4182,3841,5535.005.000.00----413
  Retained Earnings-3.4%-3,242-3,136-3,159-3,058-2,659-1,731-1,677-1,705-1,514-1,457-1,313-1,043-989-0.30-0.02-790----446
  Additional Paid-In Capital0.9%4,2634,2244,1984,1484,1524,0924,0283,9553,8773,8763,6972,5962815.000.0057.00---31.00
Shares Outstanding1.7%66965764863763362561961660358856554189.0085.0084.0084.00---48.00
Cashflow (Last 12 Months)
Cashflow (Quarterly)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations-123.0%-216,000,000940,000,0002,162,000,0001,395,000,000-322,000,000-1,893,000,0001,550,000,000110,000,000-3,592,000,000-1,907,000,000-405,000,000-355,354,00087,007,000513,965,000436,382,000-21,631-----
  Share Based Compensation47.6%31,000,00021,000,00042,000,000-7,000,00052,000,00059,000,00067,000,00071,000,00062,000,000164,000,000239,000,00028,838,0002,522,0003,670,0002,970,0003,600,000-----
Cashflow From Investing-80.0%3,000,00015,000,00030,000,00024,000,00027,000,000221,000,000-38,000,000-44,000,000-258,000,000-149,000,000-25,000,00028,820,00018,100,000-13,768,000-55,152,000-15,399,000-----
Cashflow From Financing73.7%-213,000,000-809,000,000-1,325,000,000-2,707,000,000520,000,0001,770,000,000-1,334,000,000669,000,0004,003,000,0001,563,000,0001,107,000,0001,188,797,000-127,253,000-553,629,000-346,915,00021,631-----
  Buy Backs-----------------410,000-----

OPEN Income Statement

2023-06-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]    
REVENUE$ 1,976.0$ 4,198.0$ 5,096.0$ 9,349.0
COST OF REVENUE1,827.03,712.04,777.08,328.0
GROSS PROFIT149.0486.0319.01,021.0
OPERATING EXPENSES:    
Sales, marketing and operations124.0276.0312.0552.0
General and administrative44.0137.0110.0238.0
Technology and development39.041.079.081.0
Restructuring10.00.010.00.0
Total operating expenses217.0454.0511.0871.0
(LOSS) INCOME FROM OPERATIONS(68.0)32.0(192.0)150.0
GAIN ON EXTINGUISHMENT OF DEBT104.00.0182.00.0
INTEREST EXPENSE(53.0)(89.0)(127.0)(157.0)
OTHER INCOME (LOSS) – Net41.04.060.0(18.0)
INCOME (LOSS) BEFORE INCOME TAXES24.0(53.0)(77.0)(25.0)
INCOME TAX EXPENSE(1.0)(1.0)(1.0)(1.0)
NET INCOME (LOSS)$ 23.0$ (54.0)$ (78.0)$ (26.0)
Net income (loss) per share attributable to common shareholders:    
Basic (in dollars per share)$ 0.04$ (0.09)$ (0.12)$ (0.04)
Diluted (in dollars per share)$ 0.03$ (0.09)$ (0.12)$ (0.04)
Weighted-average shares outstanding:    
Basic (in shares)646,062,000624,958,000646,750,000622,064,000
Diluted (in shares)667,159,000624,958,000646,750,000622,064,000

OPEN Balance Sheet

2023-06-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:  
Cash and cash equivalents$ 1,120$ 1,137
Restricted cash1,684654
Marketable securities90144
Escrow receivable1330
Real estate inventory, net1,1494,460
Other current assets ($0 and $1 carried at fair value)3741
Total current assets4,0936,466
PROPERTY AND EQUIPMENT – Net6258
RIGHT OF USE ASSETS2841
GOODWILL44
INTANGIBLES – Net912
OTHER ASSETS2727
TOTAL ASSETS[1]4,2236,608
CURRENT LIABILITIES:  
Accounts payable and other accrued liabilities65110
Non-recourse asset-backed debt - current portion151,376
Interest payable112
Lease liabilities - current portion77
Total current liabilities881,505
NON-RECOURSE ASSET-BACKED DEBT – Net of current portion2,5273,020
CONVERTIBLE SENIOR NOTES501959
LEASE LIABILITIES – Net of current portion2138
Total liabilities[2]3,1375,522
COMMITMENTS AND CONTINGENCIES (See Note 14)
SHAREHOLDERS’ EQUITY:  
Common stock, $0.0001 par value; 3,000,000,000 shares authorized; 657,337,566 and 637,387,025 shares issued, respectively; 657,337,566 and 637,387,025 shares outstanding, respectively00
Additional paid-in capital4,2244,148
Accumulated deficit(3,136)(3,058)
Accumulated other comprehensive loss(2)(4)
Total shareholders’ equity1,0861,086
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$ 4,223$ 6,608
[1]The Company’s consolidated assets at June 30, 2023 and December 31, 2022 include the following assets of certain variable interest entities (“VIEs”) that can only be used to settle the liabilities of those VIEs: Cash and cash equivalents, $1 and $—;Restricted cash, $1,663 and $636; Real estate inventory, net, $1,068 and $4,408; Escrow receivable, $12 and $29; Other current assets, $7 and $9; and Total assets of $2,751 and $5,082, respectively.
[2]The Company’s consolidated liabilities at June 30, 2023 and December 31, 2022 include the following liabilities for which the VIE creditors do not have recourse to Opendoor: Accounts payable and other accrued liabilities, $21 and $61; Interest payable, $1 and $11; Current portion of non-recourse asset-backed debt, $15 and $1,376; Non-recourse asset-backed debt, net of current portion, $2,527 and $3,020; and Total liabilities, $2,564 and $4,468, respectively.
OPEN
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
 WEBSITEwww.opendoor.com
 EMPLOYEES2570

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 Wed Dec 06 2023, market cap of Opendoor Technologies Inc. is 2.3 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. 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 Wed Dec 06 2023, OPEN's PE ratio (Price to Earnings) is -3.95 and Price to Sales (PS) ratio is 0.26. 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.