Opendoor Technologies (OPEN) PT Lowered to $3 at JMP Securities

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Go back to Opendoor Technologies (OPEN) PT Lowered to $3 at JMP Securities

Opendoor (OPEN) downgraded on slower-than-expected 3P ramp

February 27, 2023 8:42 AM EST

Oppenheimer analyst Jason Helfstein downgraded Opendoor (NASDAQ: OPEN) to Perform from Outperform, removing the firm's price target on Monday.

The analyst said in a research note that he downgraded Opendoor based on a slower than previously disclosed 3P ramp, while the "lower-margin... More

Opendoor posts narrower-than-expected loss, but Q4 home sales fall 23% YoY

February 24, 2023 8:49 AM EST

Despite posting a narrower-than-expected loss and revenue beat, Opendoor (NASDAQ: OPEN) shares are down premarket.

The online real estate platform's shares have fallen over 7% on the back of its latest earnings release.

The company reported a loss of $0.63 per share, $0.23 better than the analyst estimate of a $0.86 loss per share. In addition, revenue for the quarter topped the analyst consensus estimate, coming in at $2.86 billion versus the expected... More