Core Insights - Opendoor Technologies went public via SPAC merger in December 2020, aiming to leverage technology to streamline home buying and selling processes [2] - The company initially thrived during the pandemic housing boom but faced significant challenges due to its reliance on borrowed money to purchase inventory, leading to substantial losses when interest rates rose in 2022 [3] - In October 2025, the new CEO Kaz Nejatian shifted the company's strategy from pure iBuying to focusing on software and AI tools for real estate transactions, resulting in a 33.5% year-over-year revenue decline in Q3 2025 [4] Financial Performance - Opendoor reported Q3 2025 revenue of $915 million, down 33.5% year-over-year, with a net loss of $90 million for that quarter [4] - The company has incurred over $1 billion in annual losses since 2022 due to holding depreciating inventory after rate hikes [7] - An initial investment of $1,000 at an estimated entry price of ~$6.50 would currently be valued at ~$1,085, reflecting a total return of +8.5%, while the S&P 500 returned +25% during the same period [8] Stock Performance - Early investors who bought at the IPO have experienced nearly a 30% loss, while the S&P 500 has nearly doubled [9] - The stock reached a 52-week high of $10.87 before plummeting to $0.51, representing a 95% drawdown [9] - An initial investment of $1,000 at the IPO price of ~$10.00 would now be valued at ~$705, resulting in a total return of -29.5% and an annualized return of -6.7% [10]

Core Insights - D1 Capital Partners, led by Dan Sundheim, successfully navigated market turmoil in 2023, achieving a 28% increase in its stock book through November [1][3] - The firm managed to position itself effectively ahead of significant unwinding in the hedge fund industry, learning from the experiences of the GameStop short squeeze in 2021 [2][3] - D1's stock-picking portfolio outperformed many peers, with a 23% increase through August, significantly beating the MSCI World Index [5] Investment Strategy - The firm began the year with its highest-ever net exposure to non-US companies, focusing on long-term potential amid geopolitical tensions and market volatility [3] - D1 avoided losses during the July short squeezes by diversifying its short book and enhancing risk monitoring [4] - The five biggest stock winners for D1 were identified as transformational bets, benefiting from management changes or emerging trends like artificial intelligence [6] Market Outlook - Sundheim expressed optimism about artificial intelligence creating favorable conditions for stock picking, anticipating more short opportunities in the future [7]

We came across a bullish thesis on Opendoor Technologies Inc. on LongYield’s Substack. In this article, we will summarize the bulls’ thesis on OPEN. .70Opendoor Technologies Inc.'s share was trading at $7.70 as of November 28th. Opendoor (OPEN) Soars 9.6% Amid Renewed Rate Cut Hopes Andy Dean Photography/Shutterstock.com Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. OPEN is undergoing a fundamental transformation as CEO Kaz Nejatian ...

Core Viewpoint - Opendoor Technologies has experienced significant stock price volatility, driven by retail investor interest and meme stock dynamics, but the momentum appears to be waning as the initial hype subsides [1][4][8] Company Overview - Opendoor is an online platform that facilitates quick home sales directly to the company, streamlining the traditional homebuying process by reducing intermediaries [3] - The company aims to resell acquired homes for profit, but it is currently facing operational challenges and has reported significant year-over-year revenue declines [7] Stock Performance - The stock price surged from less than $0.60 in June to $7.25 by December 2, with a peak of approximately $10.50 earlier in the year [2] - Hedge fund manager Eric Jackson has suggested a potential price target of $82 per share, indicating high speculative interest [2] Market Dynamics - The initial meme stock frenzy that propelled Opendoor's stock has diminished, with increased competition from other meme stocks like Beyond Meat, which has recently seen a 51% increase [4] - The company is no longer a focal point in broader business media, suggesting a shift in investor attention [8] Management Changes - Recent management changes, including the appointment of Kaz Nejatian as CEO and Keith Rabois as chairman, have been seen as potential catalysts for future growth [5] - Nejatian has introduced a strategic plan focused on scaling home acquisitions, improving unit economics, and enhancing operational leverage [7]

The stock was a scorching-hot buy earlier this year, but things have slowed considerably as of late.Opendoor Technologies (OPEN 0.71%) is probably not a stock you heard much about last year -- it lost nearly two-thirds of its value in 2024. The company is in the business of flipping houses at a time when the housing market hasn't been all that strong, which may explain the abysmal performance.But it's been a different story for the stock this year. While the housing market is by no means red hot, investors ...

Core Insights - Opendoor Technologies Inc.'s turnaround under new CEO Kaz Nejatian is focused on leveraging AI for home assessments to accelerate transactions and restore scale, with early data indicating positive results [2][5] Operational Improvements - The company has transitioned to an AI-driven operating model, completing nearly 750 home assessments per week, significantly reducing the assessment time from a full day to approximately 10 minutes [2][10] - Opendoor's acquisition activity has increased, with contracts to buy 230 homes in the last week of October, nearly doubling from 120 homes in mid-September, attributed to AI-driven processes [3][10] Strategic Goals - Opendoor aims to become a software-first operator, with a focus on machine-led workflows for pricing, scoping, and resale velocity, targeting breakeven adjusted net income by late 2026 [4][10] Competitive Landscape - Competitors Zillow and Offerpad are also enhancing their strategies in response to Opendoor's AI initiatives, with Zillow refining its AI-powered pricing tools and Offerpad emphasizing automation and cost discipline [6][8] Stock Performance and Valuation - Opendoor's stock has surged 1013.8% over the past six months, outperforming the industry's decline of 6.1% [9][10] - The company trades at a forward price-to-sales multiple of 1.1X, significantly below the industry's average of 4.79X [12]

Core Insights - Opendoor Technologies (OPEN) stock has experienced an 8.2% decline in a single day, raising concerns about the company's resilience amid shifting real estate conditions and challenges in capital-intensive iBuying [2] - The company is valued at $7 billion with $4.7 billion in revenue, currently trading at $7.14, indicating a very weak operational performance and low valuation [2][3] Financial Performance - Revenue growth over the last 12 months is reported at -4.5%, with an operating margin of -4.3% [2] - The company's Debt to Equity ratio stands at 0.3, and the Cash to Assets ratio is 0.36, reflecting its liquidity position [2] Valuation Metrics - Opendoor Technologies stock is trading at a P/E multiple of -18.7 and a P/EBIT multiple of -32.7 [8] - Historically, the stock has returned a median of -37.3% within a year after sharp declines since 2010 [8] Stock Performance Analysis - The stock has seen a dramatic decline of 97.3% from its peak of $35.88 on February 11, 2021, to $0.97 on December 27, 2022, while the S&P 500 experienced a peak-to-trough drop of only 25.4% during the same period [9] - The highest price achieved since the decline was $10.52 on September 11, 2025, with the current trading price at $7.14 [9] - The stock also declined by 41.3% from a high of $26.48 on October 14, 2020, to $15.55 on November 2, 2020, compared to a peak-to-trough decline of 33.9% for the S&P 500, although it fully recovered to its pre-crisis peak by December 9, 2020 [9] Market Resilience Consideration - Concerns arise regarding the stock's resilience if the market experiences a downturn, with potential further declines of 20-30% to $5 being a critical threshold for investor confidence [4]

Each trading day, Benzinga Pro features hundreds of headlines and press releases for traders to peruse the latest market news and individual stocks.Below is a look at our most-searched tickers for November, along with how interest compares to recent months.Current prices and year-to-date performance are based on Dec. 1 market prices and do not include dividends.1. SPDR S&P 500 ETF Trust (NYSE:SPY)2. NVIDIA Corporation (NASDAQ:NVDA)Current Price: $179.7652-Week Range: $86.63 to $212.19Year-to-Date Return: +3 ...

Core Insights - Opendoor Technologies (OPEN) operates an iBuying model that directly purchases homes from sellers and quickly resells them, relying on tight margins and fast inventory turnover [1] - The company's shares have surged 1,080% over the past six months following a hedge fund manager's prediction of a 1,000% upside [1]

Opendoor has outperformed the S&P 500 recently, but this could soon change in a big way.Recently, Opendoor Technologies (OPEN 1.16%) has become one of the top meme stocks, leading to big gains for investors over the past year. Relative to three years ago, the stock is also up substantially.However, over the past five years, shares in iBuyer have experienced a high level of underperformance, losing considerable value. In contrast, the S&P 500 has nearly doubled during the same time frame.Investors should kee ...