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Opendoor Technologies Inc (OPEN)

Upturn stock ratingUpturn stock rating
$1.17
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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  • WEEK

Upturn Advisory Summary

03/27/2025: OPEN (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type Stock
Historic Profit -45.49%
Avg. Invested days 28
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 03/27/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 868.22M USD
Price to earnings Ratio -
1Y Target Price 1.47
Price to earnings Ratio -
1Y Target Price 1.47
Volume (30-day avg) 45566713
Beta 2.81
52 Weeks Range 1.07 - 3.09
Updated Date 03/27/2025
52 Weeks Range 1.07 - 3.09
Updated Date 03/27/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.56

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -7.61%
Operating Margin (TTM) -6.83%

Management Effectiveness

Return on Assets (TTM) -5.53%
Return on Equity (TTM) -46.67%

Valuation

Trailing PE -
Forward PE 40.32
Enterprise Value 2506221547
Price to Sales(TTM) 0.17
Enterprise Value 2506221547
Price to Sales(TTM) 0.17
Enterprise Value to Revenue 0.49
Enterprise Value to EBITDA -5.85
Shares Outstanding 723518016
Shares Floating 648373381
Shares Outstanding 723518016
Shares Floating 648373381
Percent Insiders 10.46
Percent Institutions 52.73

Analyst Ratings

Rating 3
Target Price 1.91
Buy 2
Strong Buy -
Buy 2
Strong Buy -
Hold 7
Sell 2
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Opendoor Technologies Inc

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Company Overview

History and Background

Opendoor Technologies Inc. was founded in 2014. It pioneered the iBuying model, offering homeowners a quick and convenient way to sell their homes online. Initially focused on specific markets, Opendoor expanded its geographic footprint and service offerings over time. The company went public via SPAC in December 2020.

Core Business Areas

  • iBuying: Opendoor's core service is buying homes directly from sellers, making necessary repairs, and then relisting them for sale.
  • Mortgage: Opendoor offers mortgage services to home buyers, streamlining the financing process.
  • Title and Escrow: Opendoor provides title and escrow services to facilitate real estate transactions.

Leadership and Structure

Carrie Wheeler serves as Chief Executive Officer. The company has a functional organizational structure with departments focused on technology, operations, finance, and marketing.

Top Products and Market Share

Key Offerings

  • iBuying: Opendoor's iBuying service offers instant offers on homes, providing sellers with speed and certainty. Market share is estimated between 3-5% of total home sales in markets where Opendoor operates. Competitors include Offerpad, Zillow Offers (discontinued), and traditional real estate agents. Revenue is significantly dependent on housing market conditions.
  • Opendoor Complete: Combines buying and selling services to help customers coordinate the sale of their old home with the purchase of a new one. Market share is growing but smaller than iBuying. Competitors include traditional real estate agencies and other iBuyers offering similar bundled services. Revenue figures are not explicitly broken out.

Market Dynamics

Industry Overview

The real estate industry is undergoing technological disruption with the rise of online platforms and iBuying models. The market is cyclical and sensitive to interest rates, economic conditions, and housing supply and demand.

Positioning

Opendoor is positioned as a technology-driven disruptor in the real estate market, offering convenience and speed to home sellers. Its competitive advantages include its data-driven pricing algorithms and streamlined transaction process.

Total Addressable Market (TAM)

The total addressable market for residential real estate transactions in the US is estimated to be in the trillions of dollars annually. Opendoor is positioned to capture a small but growing share of this market through its iBuying and related services.

Upturn SWOT Analysis

Strengths

  • Technology platform and data-driven pricing
  • Convenient and fast selling process
  • Strong brand recognition in key markets
  • Integrated services (mortgage, title)

Weaknesses

  • Reliance on accurate home valuations
  • Capital-intensive business model
  • Sensitivity to housing market fluctuations
  • Profitability challenges

Opportunities

  • Expanding into new markets
  • Offering additional services (e.g., home renovation)
  • Partnering with real estate agents
  • Leveraging technology to improve efficiency

Threats

  • Housing market downturn
  • Increased competition from other iBuyers
  • Regulatory changes
  • Inability to accurately predict home values

Competitors and Market Share

Key Competitors

  • RDFN
  • OPEN
  • EXPI
  • LPS

Competitive Landscape

Opendoor's advantage lies in its iBuying model and technological platform. Disadvantages include capital intensity and reliance on accurate home valuations. Competitors include other iBuyers, traditional real estate brokerages, and online real estate platforms.

Major Acquisitions

Pro.com

  • Year: 2021
  • Acquisition Price (USD millions): 108
  • Strategic Rationale: The acquisition of Pro.com was intended to expand Opendoor's services into home maintenance and repair, creating a more comprehensive offering for homeowners.

Growth Trajectory and Initiatives

Historical Growth: Opendoor has experienced rapid revenue growth in some periods, but this growth has been cyclical and tied to housing market conditions.

Future Projections: Analyst estimates vary. See analyst reports for specific projections. Future growth depends on market expansion and improved profitability.

Recent Initiatives: Focus on improving operational efficiency, reducing costs, and expanding service offerings (e.g., Opendoor Complete).

Summary

Opendoor is a disruptive force in the real estate market, offering convenience through its iBuying model. However, it faces challenges related to profitability, market volatility, and competition. Its strengths lie in its technology and brand, but its weaknesses include capital intensity and dependence on accurate home valuations. Opendoor needs to focus on improving efficiency and managing risk to achieve sustainable growth.

Similar Companies

  • RDFN
  • EXPI
  • LPS
  • Z
  • MTG

Sources and Disclaimers

Data Sources:

  • Company SEC Filings (10-K, 10-Q), Investor Presentations, Analyst Reports, Market Research Reports

Disclaimers:

The data provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance are subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Opendoor Technologies Inc

Exchange NASDAQ
Headquaters Tempe, AZ, United States
IPO Launch date 2020-06-18
CEO & Chairman Ms. Carrie A. Wheeler
Sector Real Estate
Industry Real Estate Services
Full time employees 1470
Full time employees 1470

Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes. The company offers sell to opendoor product that enables homeowners to sell their home directly to it and resell the home to a home buyer; list with opendoor product that allows customers to list their home on the MLS with opendoor and receive cash offer; and opendoor marketplace 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, real estate licenses, and construction services. The company was formerly known as Social Capital Hedosophia Holdings Corp. II and changed its name to Opendoor Technologies Inc. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.

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