Core Viewpoint - The FTC has accused Zillow and Rocket of violating antitrust laws, indicating potential legal challenges for both companies in the real estate and mortgage sectors [1] Company Summary - Zillow and Rocket are facing allegations from the FTC regarding antitrust violations, which could impact their market operations and competitive strategies [1] Industry Summary - The accusations highlight ongoing scrutiny in the real estate and mortgage industries concerning competitive practices, potentially leading to regulatory changes and increased oversight [1]

Opendoor Technologies, Inc. OPEN shares jumped in Wednesday’s extended trading session after Jane Street disclosed a stake in the company. OPEN stock is trading higher. See the real-time price action here. Jane Street Joins the OPEN ArmyJane Street Group disclosed in a 13G filing that it collectively holds 44,031,310.18 shares, which represent 5.9% of Opendoor's total outstanding common stock.Read Next: Rigetti, D-Wave, IonQ Set To Disrupt Everything—Expert Goes All InSchedule 13G is a filing required by th ...

Company Overview - Open Door's CFO is departing, with Christy Schwarz named as interim CFO, who has previously served in this role and as chief accounting officer for over eight years [1] - The stock price of Open Door has seen significant volatility, rising from below $1 in mid-July to just under $10 recently [1] Market Sentiment and Stock Performance - The recent surge in Open Door's stock price is attributed to a broader meme stock rally, with retail investors showing increased interest [2][8] - The stock has been influenced by positive sentiment in the housing market, with indicators such as mortgage applications showing improvement [3][4] Financial Performance - In its second quarter earnings, Open Door reported revenues that exceeded expectations, although the third quarter outlook was less optimistic than analysts had anticipated [4] - The company's EV to sales ratios are currently higher than its competitor Compass, indicating a speculative market position [5] Leadership and Investor Relations - The return of co-founders and the involvement of Shopify's former COO are seen as positive changes that may drive future performance [5][9] - Retail investors have expressed satisfaction with recent leadership changes and the removal of automated selling programs, indicating a shift towards more transparent communication [10][11] Market Dynamics - The presence of retail investors in Open Door is characterized by a significant number of accredited investors, suggesting a more serious market influence than typically associated with retail trading [15][16] - The role of weekly options trading has been highlighted as a factor that can amplify stock movements, with aggressive buying of call options contributing to demand [17][18]

Core Viewpoint - Opendoor Technologies has experienced a significant stock price surge, increasing around 500% year-to-date, but still faces challenges in profitability and competition in the real estate market [2][12]. Company Overview - Opendoor went public in 2020 and has seen its stock price drop over 95% from all-time highs before a recent resurgence driven by large investors and individual traders [1]. - The company currently has a market capitalization of $7 billion and a stock price of $9.50 as of September 15, which is still below its debut price after merging with a SPAC [2]. Leadership Changes - The company ousted its previous CEO, Carrie Wheeler, in August and appointed Kaz Nejatian, former COO of Shopify, as the new CEO [2][3]. - Nejatian plans to eliminate the work-from-home strategy to foster innovation and intends to implement strategies similar to those that worked at Shopify [4]. Cost-Cutting Measures - Opendoor aims to cut costs by reducing employee numbers, which is seen as a barrier to innovation [5]. - The company reported a revenue of $1.6 billion last quarter but has low gross profit margins, with a gross profit of only $128 million, or 8.2% [7]. Financial Performance - Opendoor has not generated positive net income over the past 12 months, posting a loss of $29 million before taxes last quarter [8]. - The company spent $86 million on marketing, $28 million on general overhead, and $21 million on product development last quarter [8]. Future Growth Strategy - In the short term, Opendoor will focus on cost-cutting to achieve profitability, while in the long term, it aims to expand into services like title services and mortgages to enhance home transactions [9]. - The company’s ability to grow gross profit and convert it into net income will be crucial for its long-term success [10]. Valuation Insights - Opendoor's stock is currently valued at a price-to-gross-profit (P/GP) ratio of close to 20, indicating a premium valuation for a company undergoing a turnaround [13]. - Despite the recent hiring of a new CEO and plans for cost-cutting, the steep valuation and historical performance suggest caution for potential investors [14].

Core Viewpoint - Zillow Group Inc's shares have surpassed the average analyst 12-month target price of $51.72, currently trading at $52.52, prompting analysts to consider either downgrading their valuation or raising their target price based on the company's fundamental developments [1][3]. Analyst Target Summary - There are 18 different analyst targets contributing to the average for Zillow Group Inc, with the lowest target at $30.00 and the highest at $62.00, resulting in a standard deviation of $8.6 [2]. - The average target price reflects a "wisdom of crowds" approach, encouraging investors to evaluate whether the current price is a stepping stone to higher targets or if the valuation is becoming stretched [3]. Analyst Ratings Breakdown - The current analyst ratings for Zillow Group Inc are as follows: 11 Strong Buy, 1 Buy, 7 Hold, 0 Sell, and 1 Strong Sell, with an average rating of 1.95 on a scale where 1 is Strong Buy and 5 is Strong Sell [4]. - The average rating has improved slightly from 2.11 three months ago to 1.95 currently, indicating a more favorable outlook among analysts [4].

Core Viewpoint - Eric Jackson, founder of EMJ Capital, emphasizes that his investment in Opendoor Technologies Inc. is based on fundamental value rather than the viral nature associated with meme stocks like GameStop [1][2]. Company Overview - Opendoor Technologies Inc. has seen a significant stock rally, increasing by 466.88% year-to-date and 662.18% over the last six months, largely due to Jackson's advocacy [4]. - Jackson compares Opendoor to "the Amazon of housing," indicating its potential to transform the real estate buying and selling process [5]. Management Changes - Recent management changes at Opendoor include the return of co-founders Keith Rabois and Eric Wu to the board, and the appointment of Kaz Nejatian, former COO of Shopify, as CEO [5]. - Rabois has proposed a substantial workforce reduction from 1,400 to fewer than 200 employees, focusing on merit and excellence while criticizing remote work and diversity initiatives [5]. Marketing Strategy - Jackson is actively seeking support from Canadian rapper Drake to mobilize the "OPEN Army," utilizing grassroots marketing strategies to engage unconventional audiences [6]. Stock Performance - The stock price of Opendoor fell by 13.78% to $9.07 per share recently, but it has advanced 281.09% over the year [7]. - Benzinga's Edge Stock Rankings indicate that Opendoor maintains a stronger price trend across short, medium, and long terms, although its growth ranking is relatively weak [7].

Core Viewpoint - Open Door has experienced a significant stock surge, with shares rising nearly 80% in one day after appointing a new CEO, leading to a year-to-date increase of over 400% [1] Company Strategy and Leadership - The new CEO, Cass, is expected to implement major job cuts and focus on AI to enhance operational efficiency, aiming to transform Open Door into a dominant player in the housing market, akin to Amazon [4][5] - The company currently employs 147 people, with potential plans to reduce the workforce to around 100-150 through AI integration [6] - The return of co-founder Keith Ra Boy to the board is seen as a validation of the company's new direction and strategy [4][8] Market Position and Competitive Landscape - Critics previously argued that Open Door's business model would not succeed, similar to past skepticism about Apple; however, the new leadership is viewed as capable of turning the company around [7][8] - The departure of a high-ranking Shopify executive to lead Open Door indicates confidence in the company's vision and potential for growth in the housing sector [8] Business Model Evolution - Open Door is shifting its model to integrate real estate agents more meaningfully, which contrasts with its original direct-to-consumer approach [10] - The new leadership believes that the company can generate revenue not just from buying and selling homes but also through mortgage and title services, leveraging AI to reduce costs [12][13] Leadership Dynamics - Keith Ra Boy's return to Open Door has energized the company, with his vision and ideas expected to drive future strategies [18] - The leadership transition has sparked renewed interest and confidence among investors, as evidenced by the stock price increase and positive market sentiment [1][17]

Key Points Retail investors are booking some profits after Opendoor soared yesterday. Opendoor brought its co-founders back, and some changes are in store. Opendoor needs a turnaround in the housing sector to truly recover. 10 stocks we like better than Opendoor Technologies › Yesterday was a big day for Opendoor Technologies (NASDAQ: OPEN) stock. Shares of the online real estate platform skyrocketed 80% yesterday after it named a new CEO. Retail investors have been rallying behind Opendoor, turn ...

Group 1 - The co-founder and newly appointed board chair of Opendoor, Keith Rabois, criticized the company's current workforce size, stating that the company has 1,400 employees but only needs around 200, indicating plans for significant layoffs [1] - Opendoor appointed Kaz Nejatian, a former Shopify executive, as the new CEO following the resignation of Carrie Wheeler due to investor pressure, and Rabois was named chairman [2] - Following the leadership changes, Opendoor's stock experienced a dramatic increase of 78% on Thursday, although it fell by more than 12% the following day, yet it remains up nearly 500% for the year [3]

Thomas Fuller / SOPA Images / LightRocket via Getty Images Opendoor Technologies shares surged 50% soon after the opening bell Thursday, Sept. 11, 2025 Key Takeaways Opendoor Technologies names former Shopify CFO Kaz Nejatian to be new CEO. The online real estate platform also brought back Co-Founders Keith Rabois and Eric Wu as board members, with Rabois as Chair. Rabois' venture capital firm and Wu are investing $40 million in the company. Opendoor Technologies (OPEN) shares soared 50% Thursday, ...