JP Morgan lifts Opendoor Technologies Inc. [OPEN] price estimate. Who else is bullish?

Opendoor Technologies Inc. [NASDAQ: OPEN] closed the trading session at $5.72 on 08/05/22. The day’s price range saw the stock hit a low of $4.71, while the highest price level was $5.87. The company report on August 4, 2022 that Zillow, Opendoor announce multi-year partnership.


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Home sellers visiting Zillow will be able to request an Opendoor offer .

Zillow, Inc. (Nasdaq: Z and ZG) and Opendoor Technologies Inc. (Nasdaq: OPEN) have announced a multi-year partnership that combines two category leaders to transform how people start their move. The partnership will allow home sellers on the Zillow platform to seamlessly request an Opendoor offer to sell their home.

The stocks have a year to date performance of -60.85 percent and weekly performance of 16.50 percent. The stock has been moved at -40.17 percent over the last six months. The stock has performed 1.24 percent around the most recent 30 days and changed -20.00 percent over the most recent 3-months.

If compared to the average trading volume of 18.63M shares, OPEN reached to a volume of 55572417 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Opendoor Technologies Inc. [OPEN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OPEN shares is $10.04 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OPEN stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Opendoor Technologies Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 28, 2022. While these analysts kept the previous recommendation, Truist raised their target price to Buy. The new note on the price target was released on July 13, 2022, representing the official price target for Opendoor Technologies Inc. stock.

The Average True Range (ATR) for Opendoor Technologies Inc. is set at 0.49, with the Price to Sales ratio for OPEN stock in the period of the last 12 months amounting to 0.24. The Price to Book ratio for the last quarter was 1.51, with the Price to Cash per share for the same quarter was set at 5.41.

OPEN stock trade performance evaluation

Opendoor Technologies Inc. [OPEN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.50. With this latest performance, OPEN shares gained by 1.24% in over the last four-week period, additionally sinking by -40.17% over the last 6 months – not to mention a drop of -60.28% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OPEN stock in for the last two-week period is set at 56.11, with the RSI for the last a single of trading hit 61.25, and the three-weeks RSI is set at 52.57 for Opendoor Technologies Inc. [OPEN]. The present Moving Average for the last 50 days of trading for this stock 5.58, while it was recorded at 5.05 for the last single week of trading, and 10.42 for the last 200 days.

Opendoor Technologies Inc. [OPEN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Opendoor Technologies Inc. [OPEN] shares currently have an operating margin of -7.03 and a Gross Margin at +9.10. Opendoor Technologies Inc.’s Net Margin is presently recorded at -8.25.

Return on Equity for this stock declined to -34.41, with Return on Assets sitting at -11.33.

Opendoor Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 2.90.

Earnings per share (EPS) analysis for Opendoor Technologies Inc. [OPEN] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OPEN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Opendoor Technologies Inc. go to 5.20%.

Opendoor Technologies Inc. [OPEN]: Insider Ownership positions

There are presently around $2,420 million, or 70.00% of OPEN stock, in the hands of institutional investors. The top three institutional holders of OPEN stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 45,272,867, which is approximately 25.168% of the company’s market cap and around 7.10% of the total institutional ownership; VANGUARD GROUP INC, holding 44,012,877 shares of the stock with an approximate value of $251.75 million in OPEN stocks shares; and SB INVESTMENT ADVISERS (UK) LTD, currently with $236.92 million in OPEN stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Opendoor Technologies Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 169 institutional holders increased their position in Opendoor Technologies Inc. [NASDAQ:OPEN] by around 73,416,242 shares. Additionally, 146 investors decreased positions by around 44,232,229 shares, while 72 investors held positions by with 305,389,861 shares. The mentioned changes placed institutional holdings at 423,038,332 shares, according to the latest SEC report filing. OPEN stock had 60 new institutional investments in for a total of 20,673,742 shares, while 70 institutional investors sold positions of 20,457,109 shares during the same period.

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