OPEN Stock Recent News

The real estate disruptor has delivered strong results, but its stock isn't performing well. Here's why.

New VETH100A1DD1 Device Is Compliant With OPEN Alliance 100Base-T1 and 1000Base-T1 New VETH100A1DD1 Device Is Compliant With OPEN Alliance 100Base-T1 and 1000Base-T1

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Property technology stocks have had a rough ride in the past few years as the industry has faced stiff competition, weak demand because of high interest rates, and a tough regulatory decision that has changed how people buy homes in the US.

Opendoor Technologies' stock is down 94.6% from its February 2021 peak. The company aims to disrupt the homebuying market by offering a simple, quick alternative to the traditional process.

Opendoor Technologies has struggled amid a challenging housing market. The company has ramped up its acquisition of homes, with a renewed focus on improved unit-level economics.

Virtually every single metric in Opendoor's Q2 earnings report beat management's guidance and analyst expectations. However, the company issued soft guidance against a weakening housing market. Despite the uncertainty, Opendoor's fundamentals continue to improve, signifying strong business momentum.

Start Time: 17:00 January 1, 0000 5:38 PM ET Opendoor Technologies Inc. (NASDAQ:OPEN ) Q2 2024 Earnings Conference Call August 01, 2024, 17:00 PM ET Company Participants Carrie Wheeler - CEO Christy Schwartz - CFO, Interim Dod Fraser - President, Open Exchange and Capital Kimberly Niehaus - Head, IR Conference Call Participants Dae Lee - JPMorgan Nick Jones - Citizens JMP Curtis Nagle - BofA Ryan Tomasello - KBW Nick McAndrew - Zelman Associates Operator Good day, and thank you for standing by. Welcome to Opendoor's Second Quarter 2024 Earnings Conference Call.

Opendoor Technologies Inc. (OPEN) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.31 per share a year ago.

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.