Citron Research, led by famed short-seller Andrew Left, targeted Opendoor Technologies, Inc. OPEN in a social media post on Friday. Opendoor investors shrugged off the attack, and the stock climbed. OPEN stock is running again. See the real-time chart here. Citron called Opendoor a "stock promo and a science project in how to burn money" while promoting its more favorable view on loanDepot, Inc. LDI. Read Next: Joby’s 38% Stock Plunge Is Ugly—But The Pentagon Might Be InterestedCitron continued bashing Open ...

Core Viewpoint - The rally of Opendoor Technologies' stock continues, driven by retail investors, despite challenges in its underlying business and significant shareholder selling activity [1][3][4]. Group 1: Stock Performance - Opendoor's stock has seen a significant increase, jumping as much as 12.3% in a single day and remaining up by 4.8% shortly after [1]. - Since bottoming out at $0.51 per share in June, the stock has skyrocketed over 800% due to retail investor interest and short-covering [3]. Group 2: Business Challenges - The company has been struggling due to a sluggish housing market, which has impacted its business operations [3]. - There is increasing pressure from investors for the company to execute a turnaround amid the ongoing meme stock euphoria [4]. Group 3: Leadership Changes - Former CEO Carrie Wheeler announced her resignation in mid-August, citing the need for new leadership to guide the company [4]. - Wheeler sold 7 million shares worth nearly $35 million, representing about half of her total stake, which was valued at approximately $3.5 million in late June [4]. Group 4: Market Dynamics - Despite the large shareholder sale, retail buyers have been sufficient to maintain the stock rally, with Wheeler's shares accounting for slightly less than 1% of total shares outstanding [5]. - Given the current state of the housing market and the stock's extraordinary rise, there are suggestions for investors to consider taking profits [5].

Core Thesis - Opendoor Technologies has the potential to reach a share price of $9–10, doubling from its current price of $5, driven by revenue recovery and valuation reset [3][4][8] Revenue and Valuation - Opendoor recorded revenues of $6.9 billion in 2023 and $5.2 billion in 2024, with forecasts suggesting a recovery to $12–13 billion by 2026 [3] - The company is currently trading at 0.3x forward sales, significantly lower than competitors like Zillow, which trades at 3x [4] - If revenues recover to $12 billion and the price-to-sales (P/S) multiple increases to between 0.7 and 1.0x, the stock could trade around $9–10 [4][8] Key Growth Drivers - Housing market stabilization is expected as mortgage rates decrease and inventory remains constrained, leading to increased transaction activity [6] - Improving unit economics with gross margins rising from negative figures in 2022 to approximately 5–6% in 2024 due to better pricing algorithms [6] - Diversification into mortgage, title, and home services is increasing revenue per customer and reducing reliance on iBuying [6] - Partnerships with Zillow, Realtor.com, and homebuilders are enhancing deal flow and distribution [6] Path Toward Profitability - The company has shown positive adjusted EBITDA in recent quarters and is projected to significantly reduce net losses by 2025, which could attract institutional investors [7][9]

Core Insights - The stock of Opendoor Technologies has experienced significant volatility, recently rising over 500% before cooling off, amid concerns about inflation and leadership changes [11][12] - The current inflation rate in the U.S. is 2.7% as of July 2025, which could impact the housing market and Opendoor's business model [1][10] Company Overview - Opendoor Technologies aims to revolutionize the housing industry with an e-commerce model, allowing users to buy and sell homes online [4] - The company purchases homes, typically in good condition or needing minor repairs, and resells them on its platform [4] Financial Performance - Opendoor operates with slim profit margins, needing to balance competitive home purchase offers with profitable resale prices [5] - The company relies on debt to acquire homes, which incurs interest expenses, complicating its financial sustainability [5] Market Conditions - The housing market is currently slow, primarily due to high mortgage interest rates, which are at 6.5% for 30-year loans [9] - Rising interest rates can significantly increase housing payments, making home purchases less affordable [9] Impact of Inflation - If inflation continues to rise, it may lead the Federal Reserve to maintain or increase the federal funds rate, further complicating the housing market for Opendoor [10][12] - The company has previously faced challenges due to rapid interest rate hikes, resulting in substantial losses on unsold inventory [6] Leadership and Future Outlook - The recent resignation of CEO Carrie Wheeler adds uncertainty to Opendoor's future, as the company is already struggling [11][12] - Investors are advised to be cautious and may want to wait for a new CEO and improved business performance before considering investment [13]

Core Insights - Opendoor Technologies Inc. is experiencing positive momentum, highlighted by a recent Golden Cross, indicating potential for further stock price increases [1] - The stock is trading significantly above its short and long-term moving averages, with strong bullish indicators such as a MACD of 0.42 and an RSI near 72 [1] - Leadership changes, including the resignation of CEO Carrie Wheeler and the appointment of Shrisha Radhakrishna as interim president, have sparked optimism among investors [2][3] Technical Analysis - The stock price of Opendoor is currently around $3.59, well above its 8, 20, 50, and 200-day simple moving averages [1] - Multiple technical indicators are signaling bullish momentum, reinforcing the positive outlook for the stock [1] Investor Sentiment - There is a resurgence of retail investor interest in Opendoor, reminiscent of the 2021 meme-stock phenomenon, driven by high short interest and a low share price [4] - Investor Eric Jackson's advocacy for leadership changes aligns with the current optimism surrounding the company's potential [3] Strategic Partnerships - Talks of strategic partnerships with companies like Beyond Inc, Bed, Bath & Beyond, and Overstock are contributing to positive market sentiment [5] - Endorsements from influential figures such as Anthony Pompliano and Paul Tudor Jones further bolster investor enthusiasm, despite a disappointing second quarter report [5] Market Outlook - The combination of technical indicators and retail investor excitement suggests that Opendoor is not merely recovering but is on the verge of a breakout [6] - The sustainability of this momentum will depend on the company's execution and broader market sentiment [6]

Core Viewpoint - Opendoor Technologies experienced a stock price surge of nearly 900% due to hype from Reddit, being labeled as "the next Carvana," but the company's deteriorating fundamentals and negative earnings suggest that this may be more hype than a genuine turnaround opportunity [1] Financial Performance - The company has reported negative earnings, indicating financial struggles that could impact future performance [1] - Guidance has been slashed, reflecting a pessimistic outlook for the company's financial health moving forward [1] Market Sentiment - The stock price increase was primarily driven by social media hype rather than solid financial performance or business fundamentals [1] - Investors are left questioning whether to hold, sell, or invest further in the company amidst these developments [1]

Group 1: AI Infrastructure and Capital Expenditures - Companies building AI infrastructure are experiencing capital expenditures near $400 billion annualized, growing approximately 50% year-over-year, significantly impacting economic activity across sectors [1] - The momentum in AI capital expenditures is expected to continue over the next 12 to 18 months, serving as a powerful force for US GDP [1] Group 2: Company Performance and Market Dynamics - Meta reported strong earnings driven by AI-powered targeting, while Snap struggled despite similar macro conditions, highlighting the importance of scale in AI [2] - Zillow achieved 15% year-over-year growth in a challenging housing market, with management expecting further acceleration in rental growth [5] - Clear Secure is positioned to address challenges in identity verification as AI tools proliferate, with strong revenue growth and expanding membership [7][8] Group 3: Strategic Acquisitions and Market Positioning - Joby Aviation's acquisition of Blade Air Mobility enhances its position in the eVTOL space, providing strategic advantages in network infrastructure [9][10] - The acquisition allows Joby to control both manufacturing and customer distribution, creating a competitive edge in emerging transportation models [10]

Opendoor's Competitive Landscape As Opendoor pivots toward a distributed platform model, competition from Zillow Group (ZG) and Offerpad Solutions Inc. (OPAD) intensifies. Zillow, long dominant in online real estate search, is also leveraging its Premier Agent network and a growing seller services suite to deepen monetization. Zillow's recent focus on touring, mortgage, and seller leads puts it on a collision course with Opendoor's new agent-centric strategy. Zillow's broad consumer reach and ecosystem inte ...

Core Insights - Zillow Group reported $655 million in revenue for Q2 2025, a year-over-year increase of 14.5% [1] - The EPS for the same period was $0.40, slightly up from $0.39 a year ago, but below the consensus estimate of $0.44, resulting in a -9.09% EPS surprise [1] - The revenue exceeded the Zacks Consensus Estimate of $646.56 million by +1.31% [1] Financial Performance Metrics - Average Monthly Unique Users for mobile applications and websites were 243 million, slightly below the estimate of 243.97 million [4] - Total visits to mobile applications and websites reached 2.59 billion, surpassing the average estimate of 2.51 billion [4] - Revenue from Mortgages was $48 million, exceeding the average estimate of $44.39 million, representing a year-over-year increase of +41.2% [4] - Revenue from Residential properties was $434 million, slightly above the estimated $429.91 million, reflecting a +6.1% year-over-year change [4] - Revenue from Other sources was $14 million, compared to the average estimate of $13.79 million, marking a +16.7% year-over-year increase [4] - Revenue from Rentals was $159 million, in line with the average estimate of $159.51 million, showing a +35.9% year-over-year change [4] Stock Performance - Zillow's shares have returned +12.8% over the past month, outperforming the Zacks S&P 500 composite's +0.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Group 1 - U.S. stock futures are higher, with Dow futures gaining around 100 points [1] - Super Micro Computer, Inc. reported fourth-quarter net sales of $5.76 billion, an increase from $4.6 billion in the third quarter and $5.4 billion in the same quarter last year [2] - Super Micro's net sales missed the Street consensus estimate of $5.88 billion, and earnings per share were $0.41, below the consensus estimate of $0.44 [2] Group 2 - Super Micro Computer shares fell 16.3% to $47.90 in pre-market trading following the earnings report [2] - LifeMD, Inc. saw a decline of 28.8% to $8.43 in pre-market trading after reporting worse-than-expected second-quarter EPS and sales [4] - Personalis, Inc. declined 26.1% to $4.17 in pre-market trading after missing second-quarter revenue and cutting FY25 sales guidance [4] - Evolus, Inc. fell 25.5% to $6.63 in pre-market trading after missing second-quarter estimates and lowering FY25 sales guidance [4] - Opendoor Technologies Inc. declined 18.5% to $2.05 in pre-market trading due to weak third-quarter sales guidance [4] - Digital Turbine, Inc. fell 18.2% to $4.45 in pre-market trading after reporting a first-quarter EPS miss [4] - Snap Inc. shares dropped 17.1% to $7.79 in pre-market trading following its second-quarter financial results [4] - Day One Biopharmaceuticals, Inc. fell 14.2% to $5.90 in pre-market trading after reporting worse-than-expected quarterly revenue [4] - Trivago NV – ADR declined 13.3% to $4.20 in pre-market trading after its quarterly results [4] - Hackett Group Inc. fell 13.3% to $19.75 in pre-market trading after issuing a weak third-quarter forecast [4] - Paysign Inc. dropped 11.5% to $6.30 in pre-market trading after reporting Q2 EPS below estimates [4] - The Mosaic Company fell 4.7% to $33.99 in pre-market trading following weak quarterly earnings [4]