Overview
- CEO Kasra Nejatian disclosed the purchase of 125,000 shares at $8.0365 for roughly $1.004 million, according to an SEC filing.
- Shares jumped double digits earlier in the week, then fell about 6.7% Thursday to $8.74 following weak results from peer Better Home & Finance that weighed on sector sentiment.
- A warrant dividend is set for shareholders of record on Nov. 18 with payment on Nov. 21, issuing one each of Series K, A, and Z per 30 shares, exercisable at $9, $13, and $17 and expiring Nov. 20, 2026, with listings (OPENW, OPENL, OPENZ) subject to shareholder approval.
- Opendoor reported Q3 revenue of $915 million, above its $800 million to $875 million guidance range, alongside a wider net loss of about $90 million year over year.
- Management is rescaling purchases and testing a marketplace/software and AI-driven approach, while analyst views remain split, including JPMorgan’s Overweight rating with an $8 target for 2026 and several underperform or sell ratings elsewhere.