SAN FRANCISCO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today reported financial results for its third quarter ended September 30, 2024. Opendoor's third quarter 2024 financial results and management commentary can be accessed through the Company's shareholder letter on the "Quarterly Reports" page of Opendoor's investor relations website at https://investor.opendoor.com/financials-filings/quarterly-reports. "Opendoor's third quarter acquisition volumes, revenue, Contribution Profit, and Adjusted EBITDA all exceeded our guidance, notwithstanding persistent housing market headwinds. I

SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today announced that it will report third quarter 2024 financial results for the period ended September 30, 2024 following the close of the market on Thursday, November 7, 2024. On that day, management will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company's business and financial results. What: Opendoor Third Quarter 2024 Earnings Conference CallWhen: Thursday, November 7, 2024Time: 2:00 p.m. PT (5:00 p.m. ET)Live Webcast: A live webcast of the call can be accessed from the

Alphabet Inc. and eBay vet named Chief Financial Officer LegalZoom and Intuit vet named Chief Technology & Product Officer SAN FRANCISCO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), the leading e-commerce platform for residential real estate transactions, today announced the appointments of Selim Freiha as Chief Financial Officer and Shrisha Radhakrishna as Chief Technology & Product Officer. "The addition of Selim and Shrisha to our executive team will be instrumental as we continue shaping the future of real estate," said Carrie Wheeler, CEO of Opendoor. "Shrisha's exceptional track record in building transformative digital solutions aligns

SAN FRANCISCO, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today announced that David Benson, former President of Fannie Mae, has been appointed to its Board of Directors ("Board"), effective immediately. Mr. Benson will also serve on the Audit Committee of the Board. "I am thrilled to welcome David to our Board. He is a deeply respected executive who brings to our team three decades of leadership in the single-family residential real estate space, along with deep understanding of the capital markets and regulatory landscape," said Carrie Wheeler, Opendoor CEO and Board Di

SAN FRANCISCO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today announced that Carrie Wheeler, Chief Executive Officer, will speak at the Goldman Sachs Communacopia & Technology Conference on Monday, September 9, 2024 at 4:25pm PT/7:25pm ET. A live webcast of the presentation will be available at investor.opendoor.com. About Opendoor Opendoor's mission is to power life's progress, one move at a time. Since 2014, Opendoor has provided people across the U.S. with a simple and certain way to buy and sell a home. Opendoor is a team of problem solvers, innovators, and operators who are lea

SAN FRANCISCO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today reported financial results for its second quarter ended June 30, 2024. Opendoor's second quarter 2024 financial results and management commentary can be accessed through the Company's shareholder letter on the "Quarterly Reports" page of Opendoor's investor relations website at https://investor.opendoor.com. "We are proud of our second quarter performance and the progress we've made in building a platform where all customers can begin their home selling journey. Revenue, Contribution Margin, and Adjusted EBITDA exceeded th

SAN FRANCISCO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Mainstay ("Company"), formerly Open Exchange, a comprehensive market intelligence and transaction platform for the single-family rental industry, today announced its launch as an independent, privately-held company, marking its separation from Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions. Mainstay also announced an equity capital raise led by Khosla Ventures, with participation from Inspired Capital and others. The equity investment will be used to support the Company in its next phase of growth as a standalone company. The mission of Mainstay is to be the most

SAN FRANCISCO, July 08, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today announced that it will report second quarter 2024 financial results for the period ended June 30, 2024 following the close of the market on Thursday, August 1, 2024. On that day, management will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company's business and financial results. What: Opendoor Second Quarter 2024 Earnings Conference CallWhen: Thursday, August 1, 2024Time: 2:00 p.m. PT (5:00 p.m. ET)Live Webcast: A live webcast of the call can be accessed from the Events an

SAN FRANCISCO, May 14, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today announced that Carrie Wheeler, Chief Executive Officer, will speak at the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference on Tuesday, May 21, 2024 at 12:45pm PT/3:45pm ET. A live webcast of the presentation will be available at investor.opendoor.com. About Opendoor Opendoor's mission is to power life's progress, one move at a time. Since 2014, Opendoor has provided people across the U.S. with a simple and certain way to buy and sell a home. Opendoor currently operates in markets

SAN FRANCISCO, May 02, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today announced that Eric Feder, President of LENX and a senior executive at Lennar Corporation, has been appointed to its Board of Directors, effective as of May 1, 2024. "We are delighted to have Eric Feder join our Board," said Carrie Wheeler, Opendoor CEO and Board Director. "Eric is a seasoned executive in residential real estate and will bring his deep industry and operating expertise to our team. We look forward to leveraging his insights into the housing sector, capital markets capabilities, and unique touch

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Alphabet Inc. and eBay vet named Chief Financial Officer LegalZoom and Intuit vet named Chief Technology & Product Officer SAN FRANCISCO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), the leading e-commerce platform for residential real estate transactions, today announced the appointments of Selim Freiha as Chief Financial Officer and Shrisha Radhakrishna as Chief Technology & Product Officer. "The addition of Selim and Shrisha to our executive team will be instrumental as we continue shaping the future of real estate," said Carrie Wheeler, CEO of Opendoor. "Shrisha's exceptional track record in building transformative digital solutions aligns

SAN FRANCISCO, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today announced that David Benson, former President of Fannie Mae, has been appointed to its Board of Directors ("Board"), effective immediately. Mr. Benson will also serve on the Audit Committee of the Board. "I am thrilled to welcome David to our Board. He is a deeply respected executive who brings to our team three decades of leadership in the single-family residential real estate space, along with deep understanding of the capital markets and regulatory landscape," said Carrie Wheeler, Opendoor CEO and Board Di

SAN FRANCISCO, May 02, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today announced that Eric Feder, President of LENX and a senior executive at Lennar Corporation, has been appointed to its Board of Directors, effective as of May 1, 2024. "We are delighted to have Eric Feder join our Board," said Carrie Wheeler, Opendoor CEO and Board Director. "Eric is a seasoned executive in residential real estate and will bring his deep industry and operating expertise to our team. We look forward to leveraging his insights into the housing sector, capital markets capabilities, and unique touch

SAN FRANCISCO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today announced Dana Hamilton has been appointed to the Opendoor Board of Directors, effective immediately. Ms. Hamilton will serve on the Board's Audit Committee. "We are pleased to welcome a leader of Dana's caliber to our Board," said Carrie Wheeler, Opendoor CEO and Board Director. "Dana's three decades of real estate experience and significant financial, transactional and asset management knowledge across multiple real estate verticals will help propel our vision for Opendoor and the future of home buying and s

Addressable, the real estate marketing platform that utilizes robots, artificial intelligence, and proprietary homeowner data to help agents with lead generation, is delighted to announce that it has hired Katie DeCarlo as their new COO, investing in the company's commitment to growth and efficiency. Additionally, the company has announced that it hit a significant milestone, having helped generate over $2 billion in home sales for its customers since 2020. DeCarlo comes to Addressable with a decade of leadership roles in well-known tech firms, including Asana Inc. (NYSE:ASAN) and Opendoor Technologies Inc. (NASDAQ:OPEN). Most recently, at Opendoor, Katie brings experience successfully le

Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today announced changes to the executive leadership team and Board of Directors, including the appointment of Chief Financial Officer Carrie Wheeler as Chief Executive Officer and the transition of Eric Wu to a new role as President, Marketplace, effective immediately. Ms. Wheeler will join the Board and Mr. Wu will continue to serve as a member of the Board. John Rice, who has served on the Opendoor Board since 2021, has been appointed Lead Independent Director. In connection with these changes, Opendoor has expanded the size of its Board to nine directors. "I am

SAN FRANCISCO, Oct. 07, 2022 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today announced it has granted an equity award under its Opendoor Technologies Inc. 2022 Inducement Award Plan (the "Plan"). The Plan was approved by Opendoor's Board of Directors in July 2022. In connection with the appointment of Sydney Schaub as Chief Legal Officer, Opendoor granted restricted stock units (RSUs) to Schaub to acquire an aggregate of 1,558,441 shares of Opendoor common stock. One-third of the total number of RSUs will vest on September 15, 2023 and thereafter one-twelfth of the total number of RSUs will vest in

SAN FRANCISCO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today reported financial results for its third quarter ended September 30, 2024. Opendoor's third quarter 2024 financial results and management commentary can be accessed through the Company's shareholder letter on the "Quarterly Reports" page of Opendoor's investor relations website at https://investor.opendoor.com/financials-filings/quarterly-reports. "Opendoor's third quarter acquisition volumes, revenue, Contribution Profit, and Adjusted EBITDA all exceeded our guidance, notwithstanding persistent housing market headwinds. I

SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today announced that it will report third quarter 2024 financial results for the period ended September 30, 2024 following the close of the market on Thursday, November 7, 2024. On that day, management will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company's business and financial results. What: Opendoor Third Quarter 2024 Earnings Conference CallWhen: Thursday, November 7, 2024Time: 2:00 p.m. PT (5:00 p.m. ET)Live Webcast: A live webcast of the call can be accessed from the

SAN FRANCISCO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today reported financial results for its second quarter ended June 30, 2024. Opendoor's second quarter 2024 financial results and management commentary can be accessed through the Company's shareholder letter on the "Quarterly Reports" page of Opendoor's investor relations website at https://investor.opendoor.com. "We are proud of our second quarter performance and the progress we've made in building a platform where all customers can begin their home selling journey. Revenue, Contribution Margin, and Adjusted EBITDA exceeded th

SAN FRANCISCO, July 08, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today announced that it will report second quarter 2024 financial results for the period ended June 30, 2024 following the close of the market on Thursday, August 1, 2024. On that day, management will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company's business and financial results. What: Opendoor Second Quarter 2024 Earnings Conference CallWhen: Thursday, August 1, 2024Time: 2:00 p.m. PT (5:00 p.m. ET)Live Webcast: A live webcast of the call can be accessed from the Events an

SAN FRANCISCO, May 02, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today reported financial results for its first quarter ended March 31, 2024. Opendoor's first quarter 2024 financial results and management commentary can be accessed through the Company's shareholder letter on the "Quarterly Reports" page of Opendoor's investor relations website at https://investor.opendoor.com. "Our first quarter results exceeded the high end of our guidance across revenue, Contribution Margin, and Adjusted EBITDA. Our product continues to resonate with customers, as we more than doubled our market share year-o

SAN FRANCISCO, April 04, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today announced that it will report first quarter 2024 financial results for the period ended March 31, 2024 following the close of the market on Thursday, May 2, 2024. On that day, management will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company's business and financial results. What: Opendoor First Quarter 2024 Earnings Conference CallWhen: Thursday, May 2, 2024Time: 2:00 p.m. PT (5:00 p.m. ET)Live Webcast: A live webcast of the call can be accessed from the Events and Pres

SAN FRANCISCO, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today reported financial results for its fourth quarter and year ended December 31, 2023. Opendoor's fourth quarter and year-end 2023 financial results and management commentary can be accessed through the Company's shareholder letter on the "Quarterly Reports" page of Opendoor's investor relations website at https://investor.opendoor.com. "The past year was about focus, execution, and progress. Our fourth quarter results exceeded the high end of our prior guidance ranges, demonstrating our ability to deliver, despite ongoing un

SAN FRANCISCO, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today announced that it will report fourth quarter 2023 financial results for the period ended December 31, 2023 following the close of the market on Thursday, February 15, 2024. On that day, management will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company's business and financial results. What: Opendoor Fourth Quarter 2023 Earnings Conference CallWhen: Thursday, February 15, 2024Time: 2:00 p.m. PT (5:00 p.m. ET)Live Webcast: A live webcast of the call can be accessed from the

SAN FRANCISCO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today reported financial results for its quarter ended September 30, 2023. Opendoor's third quarter of 2023 financial results and management commentary can be accessed through the Company's shareholder letter on the "Quarterly Reports" page of Opendoor's investor relations website at https://investor.opendoor.com. "Our third quarter results were in-line or ahead of our prior guidance driven by our continued focus on delivering operational excellence through pricing improvements, cost savings, and risk management. The third qu

SAN FRANCISCO, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. ("Opendoor") (NASDAQ:OPEN), a leading e-commerce platform for residential real estate transactions, today announced that it will report third quarter 2023 financial results for the period ended September 30, 2023 following the close of the market on Thursday, November 2, 2023. On that day, management will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company's business and financial results. What: Opendoor Third Quarter 2023 Earnings Conference CallWhen: Thursday, November 2, 2023Time: 2:00 p.m. PT (5:00 p.m. ET)Live Webcast: A live webcast of the call can be accessed from the Ev

BTIG Research downgraded Opendoor Technologies from Buy to Neutral

Keefe Bruyette upgraded Opendoor Technologies from Underperform to Mkt Perform and set a new price target of $3.50

Deutsche Bank initiated coverage of Opendoor Technologies with a rating of Hold and set a new price target of $2.80

UBS initiated coverage of Opendoor Technologies with a rating of Neutral and set a new price target of $2.75

Gordon Haskett upgraded Opendoor Technologies from Underperform to Hold and set a new price target of $2.25 from $2.50 previously

Morgan Stanley initiated coverage of Opendoor Technologies with a rating of Equal-Weight and set a new price target of $4.25

Gordon Haskett downgraded Opendoor Technologies from Hold to Underperform

Wedbush downgraded Opendoor Technologies from Outperform to Neutral and set a new price target of $1.70 from $3.50 previously

Gordon Haskett initiated coverage of Opendoor Technologies with a rating of Hold

Oppenheimer downgraded Opendoor Technologies from Outperform to Perform

Mortgage rates are on a steady decline as investors have cemented expectations for upcoming reductions in the federal funds rate, yet mortgage demand continues to depict challenges among homebuyers. The Mortgage Bankers Association has reported Wednesday that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) dropped by 5 basis points to 6.62% for the week ending July 19, 2024. This marks the lowest borrowing cost for home purchases since early February 2024. Despite the decline in mortgage rates, long-term Treasury yields remained stable last week. The 30-year Treasury yield has held steady between 4.20% and 4.25%

Existing home sales in the United States plunged 5.4% in June 2024 from the previous month, marking the steepest monthly drop since November 2022. This decline is attributed to heightened buyer apprehension, as the median sales price reached a record high for the second consecutive month. In June 2024, sales totaled 3.89 million units, a decrease from 4.11 million in May, according to data released Tuesday by the National Association of Realtors (NAR). Year-over-year, sales also fell by 5.4%. The median existing-home price for all housing types in June was $426,900, an all-time high and an increase of 4.1% from $410,100 a year ago. Total housing inventory at the end of June was 1.3

Shares of Match Group, Inc. (NASDAQ:MTCH) rose sharply in today's pre-market trading. Starboard Value has taken a keen interest in Match Group. The hedge fund has accumulated a stake of over 6.5% in the online dating company and is advocating for a potential sale if the company's performance does not improve, The Wall Street Journal reported on Monday, citing people familiar with the matter. Match Group shares jumped 8% to $34.56 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Conduit Pharmaceuticals Inc. (NASDAQ:CDT) gained 89.8% to $0.4556 in pre-market trading after declining over 8% on Monday. Meiwu Technology Company Limited (NA

A cooler-than-expected U.S. inflation report fueled a rally on Wall Street, ahead of the highly anticipated Federal Open Market Committee (FOMC) meeting at 2:00 p.m. Wednesday. What happened: Inflation slowed to 3.3% annually in May, below both the expected and previous rate of 3.4%. On a monthly basis, the Consumer Price Index (CPI) remained flat, below the anticipated 0.1% increase and a significant drop from April’s 0.3% rise. Additionally, the core measure of inflation, which excludes energy and food, weakened more than predicted. Annually, core inflation slowed from 3.6% to 3.4%, falling short of the 3.5% expectation. Why it matters: Lower-than-expected inflation data is bolste

Opendoor Technologies's (NYSE:OPEN) short percent of float has risen 7.77% since its last report. The company recently reported that it has 76.52 million shares sold short, which is 13.17% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.26 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short

Throughout the last three months, 4 analysts have evaluated Opendoor Technologies (NASDAQ:OPEN), offering a diverse set of opinions from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 1 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 1 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $3.94, a high estimate of $4.50, and a low estimate of $2.75. Observing a downward trend, the current averag

UBS analyst Lloyd Walmsley maintains Opendoor Technologies (NASDAQ:OPEN) with a Neutral and lowers the price target from $3 to $2.75.

JMP Securities analyst Nicholas Jones maintains Opendoor Technologies (NASDAQ:OPEN) with a Market Outperform and lowers the price target from $4.5 to $4.

Stocks look set to carry forward the upward momentum on Friday amid some earnings cheer, although a tinge of nervousness is evident ahead of the all-important non-farm payrolls report. A strong labor market would give the nod for the Federal Reserve to stay “higher for longer,” and a wage inflation measure from the report will also be on investors’ radar. Also, a national non-manufacturing activity reading is due for the day. Apple, Inc (NASDAQ:APPL) appeased the Street with a quarterly report that was not so bad as feared. The company also announced a massive buyback program and a modest dividend hike. The stock has a little under 6% weighting in the S&P 500 Index. FuturesPerformance