Opendoor Technologies Inc. (OPEN) Review – Making Smarter Decisions

93 institutions hold shares in Opendoor Technologies Inc. (OPEN), with 11.21M shares held by insiders accounting for 21.22% while institutional investors hold 39.37% of the company’s shares. The shares outstanding are 544.42M, and float is at 489.44M with Short Float at 2.38%. Institutions hold 31.02% of the Float.


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The top institutional shareholder in the company is Suvretta Capital Management, LLC with over 4.1 million shares valued at $77.86 million. The investor’s holdings represent 0.75% of the OPEN Shares outstanding. As of Dec 30, 2020, the second largest holder is Sumitomo Mitsui Trust Holdings, Inc. with 2.43 million shares valued at $55.27 million to account for 0.45% of the shares outstanding. The other top investors are Shaw D.E. & Co., Inc. which holds 1.64 million shares representing 0.30% and valued at over $31.21 million, while Alyeska Investment Group, L.P. holds 0.28% of the shares totaling 1.51 million with a market value of $28.71 million.

Opendoor Technologies Inc. (NASDAQ: OPEN) is 38.94% higher on its value in year-to-date trading and has touched a low of $10.55 and a high of $39.24 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OPEN stock was last observed hovering at around $31.18 in the last trading session, with the day’s gains setting it 0.4% off its average median price target of $34.00 for the next 12 months. It is also 24.81% off the consensus price target high of $42.00 offered by 4 analysts, but current levels are -1.87% lower than the price target low of $31.00 for the same period.

Currently trading at $31.58, the stock is 7.61% and 13.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.29 million and changing 1.28% at the moment leaves the stock 67.34% off its SMA200. OPEN registered a gain of 189.72% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $28.53 and a 200-day simple moving average (SMA200) of $20.80.

The stock witnessed a 5.27% loss in the last 1 month and extending the period to 3 months gives it a 70.61%, and is -11.98% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.32% over the week and 8.68% over the month.

Opendoor Technologies Inc. (OPEN) has around 1035 employees, a market worth around $17.86B and $3.59B in sales. Distance from 52-week low is 199.34% and -19.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-35.30%).

Opendoor Technologies Inc. (OPEN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Opendoor Technologies Inc. (OPEN) is a “Overweight”. 4 analysts offering their recommendations for the stock have an average rating of 1.70, where 1 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Opendoor Technologies Inc. quarterly earnings per share for the current quarter are estimated at -$0.14 with sales reaching $226.62M over the same period.The EPS is expected to shrink by -41.30% this year.

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