Investing.com - Opendoor Tech (NASDAQ: OPEN) reported first quarter EPS of $0.16, $0.77 better than the analyst estimate of $-0.61. Revenue for the quarter came in at $3.1B versus...
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Opendoor Technologies Inc. is an e-commerce platform for residential real estate transactions. The Company, by leveraging software, data science, product design and operations, it manages a marketplace for residential real estate that offers buyers and sellers an enhanced experience. Its products include a first-party (1P) product and a third-party (3P) product. The 1P product enables the sellers to sell their home directly to customers and the Company resell the home to a home buyer. By selling to Opendoor, homeowners can avoid the stress of open houses, home repairs, overlapping mortgages and the uncertainty that can come with listing a home on the open market. The 3P product offering connects the home seller with either an institutional or retail buyer, facilitating the transaction without customer taking ownership of the home. Sellers can request an offer from its network of buyers, while also receiving an Opendoor offer. It operates in approximately 44 markets across the country.
|Average||2.84 (+14.37% Upside)|
|No. of Analysts||11|
|Technical Indicators||Buy||Strong Buy||Strong Sell||Strong Buy||Strong Sell|
|Summary||Buy||Strong Buy||Neutral||Strong Buy||Strong Sell|