OPENDOOR TECHNOLOGIES INC.

(OPEN)
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Delayed Nasdaq  -  05/13 04:00:01 pm EDT
7.270 USD   +16.13%
05/09Oppenheimer Adjusts Opendoor Technologies' Price Target to $14 From $18, Maintains Outperform Rating
MT
05/09MARKETSCREENER'S WORLD PRESS REVIEW : May 9, 2022
05/06Credit Suisse Lowers Opendoor Technologies' PT to $24 from $30 on Higher Units Sold Offset by Decrease in Contribution Margin Expectations; Keeps Outperform Rating
MT
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Business Summary
Logo Opendoor Technologies Inc.
Opendoor Technologies Inc. operates a digital platform for residential real estate that enables consumers to buy and sell their home online. The Company is primarily engaged in the process of buying and selling a home digitally, where sellers uses opendoor.com, receives an offer, and sign and choose their closing date and buyers uses the Opendoor app, tour and visit both Opendoor and non-Opendoor homes, and make an offer, all through a mobile device. The Company acquires homes directly from individual sellers and resells those homes to buyers. Upon acquiring a home, it typically makes necessary renovations and repairs before listing it for sale on its Website, its mobile app, Multiple Listing Services (MLS) and other online real estate portals. Its product and service offerings include Opendoor Complete, Sell to Opendoor, Buy with Opendoor, Opendoor Home Loans, and Title and Escrow. It operates approximately 44 markets across the United States.

Number of employees : 2 816 people.
Sales per Business
20202021Delta
Online Platform2 583.12100%8 021.00100% +210.52%
USD in Million
Sales per region
20202021Delta
United States2 583.12100%8 021.00100% +210.52%
USD in Million
Managers
Name Title Age Since
Eric Wu Chairman & Chief Executive Officer 38 2020
Andrew Low Ah Kee President 41 2020
Carrie Wheeler Chief Financial Officer 49 2020
Ian Wong Chief Technology Officer 35 2020
Daniel Morillo Chief Investment Officer 47 2021
Tom Willerer Chief Product Officer 43 2020
Julie Todaro President-Homes & Services 51 2020
Megan Meyer Toolson Chief Customer Officer - -
Vanessa Gage Deputy General Counsel - -
Amelia Generalis Chief People Officer 50 2021
Members of the board
Name Title Age Since
Eric Wu Chairman & Chief Executive Officer 38 2020
Adam Bain Independent Director 47 2020
Cipora Herman Independent Director 47 2020
Jonathan Jaffe Independent Director 61 2020
Pueo G. Keffer Independent Director 39 2020
Jason Kilar Independent Director 50 2020
Glenn Solomon Independent Director 52 2020
John E. Rice Independent Director 54 2021
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 622,918,512 518,323,533 83.2% 0 0.0% 83.2%
Shareholders
NameEquities%
Access Industries, Inc. (New York) 53,598,914 8.60%
The Vanguard Group, Inc. 43,985,781 7.06%
SB Investment Advisers (UK) Ltd. 41,420,282 6.64%
T. Rowe Price Associates, Inc. (Investment Management) 36,169,638 5.80%
Eric Wu 35,767,374 5.74%
GGV Capital 25,413,663 4.08%
Chamath Palihapitiya 20,150,000 3.23%
Sylebra Capital Ltd. 19,787,357 3.17%
D1 Capital Partners LP 18,920,610 3.04%
Altimeter Capital Management LP 13,750,000 2.21%
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