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Opendoor Technologies Inc (OPEN)



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Upturn Advisory Summary
03/27/2025: OPEN (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -45.49% | Avg. Invested days 28 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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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 - |
Upturn AI SWOT
Opendoor Technologies Inc

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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.opendoor.com |
Full time employees 1470 | Website https://www.opendoor.com |
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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