Opendoor will announce Q4 and full year 2024 financial results on February 27, 2025, followed by a conference call.
Quiver AI Summary
Opendoor Technologies Inc. announced that it will release its financial results for the fourth quarter and full year of 2024 on February 27, 2025, after the market closes. Following the announcement, management will host a conference call and webcast at 2:00 p.m. PT to discuss the results. Interested parties can access the live webcast through Opendoor's investor relations website, where an archived version will also be available for one year. Opendoor is an e-commerce platform for residential real estate transactions, aiming to simplify the buying and selling of homes across the U.S. since its inception in 2014.
Potential Positives
- Opendoor is set to report its fourth quarter and full year 2024 financial results, which may provide key insights into the company's performance and growth trajectory.
- The scheduled conference call and webcast for discussing financial results demonstrates Opendoor's commitment to transparency and communication with investors.
- The availability of a live webcast and archived replay of the call indicates an accessible approach to investor relations, potentially increasing stakeholder engagement.
Potential Negatives
- Announcement of upcoming financial results raises concern regarding potential poor performance, as companies typically release earnings only after a period of unfavorable results.
- The fact that the earnings report is scheduled for after market close may indicate a strategy to minimize immediate market reactions to potentially disappointing results.
- The reliance on a live webcast for discussing sensitive financial information may raise concerns about transparency and accessibility for all investors.
FAQ
When will Opendoor announce its Q4 2024 financial results?
Opendoor will announce its Q4 2024 financial results on February 27, 2025.
What time is the Opendoor earnings conference call?
The Opendoor earnings conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET).
How can I access the Opendoor earnings call webcast?
You can access the live webcast on Opendoor's investor relations website at https://investor.opendoor.com.
Will there be a replay of the earnings call available?
Yes, an archived webcast of the earnings call will be available for one year on the investor relations website.
What is Opendoor's mission?
Opendoor's mission is to power life's progress, one move at a time, simplifying home buying and selling.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OPEN Insider Trading Activity
$OPEN insiders have traded $OPEN stock on the open market 20 times in the past 6 months. Of those trades, 0 have been purchases and 20 have been sales.
Here’s a breakdown of recent trading of $OPEN stock by insiders over the last 6 months:
- CARRIE WHEELER (Chief Executive Officer) has made 0 purchases and 2 sales selling 1,246,513 shares for an estimated $2,537,397.
- SYDNEY SCHAUB (Chief Legal Officer) has made 0 purchases and 9 sales selling 209,271 shares for an estimated $412,783.
- MEGAN D. MEYER (President, Sell Direct & Svcs.) has made 0 purchases and 5 sales selling 195,194 shares for an estimated $390,234.
- CHRISTINA SCHWARTZ (See Remarks) has made 0 purchases and 4 sales selling 40,811 shares for an estimated $84,040.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$OPEN Hedge Fund Activity
We have seen 130 institutional investors add shares of $OPEN stock to their portfolio, and 130 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SYLEBRA CAPITAL LLC removed 6,545,617 shares (-23.9%) from their portfolio in Q3 2024, for an estimated $13,091,234
- GENERAL ATLANTIC, L.P. removed 6,321,519 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $12,643,038
- RENAISSANCE TECHNOLOGIES LLC removed 5,274,380 shares (-21.7%) from their portfolio in Q3 2024, for an estimated $10,548,760
- DIMENSIONAL FUND ADVISORS LP removed 5,057,889 shares (-27.7%) from their portfolio in Q3 2024, for an estimated $10,115,778
- GGV CAPITAL LLC removed 4,186,701 shares (-32.8%) from their portfolio in Q3 2024, for an estimated $8,373,402
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 3,650,843 shares (+270.1%) to their portfolio in Q3 2024, for an estimated $7,301,686
- MILLENNIUM MANAGEMENT LLC removed 3,311,672 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $6,623,344
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SAN FRANCISCO, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that it will report fourth quarter and full year 2024 financial results for the period ended December 31, 2024 following the close of the market on Thursday, February 27, 2025. On that day, management will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company’s business and financial results.
What: Opendoor Fourth Quarter 2024 Earnings Conference Call
When: Thursday, February 27, 2025
Time: 2:00 p.m. PT (5:00 p.m. ET)
Live Webcast: A live webcast of the call can be accessed from the Events and Presentations page of the investor relations website, https://investor.opendoor.com
Replay: An archived webcast of the conference call will be available on Opendoor’s investor relations website for one year following the live call at https://investor.opendoor.com
About Opendoor
Opendoor is a leading e-commerce platform for residential real estate transactions whose mission is to power life’s progress, one move at a time. Since 2014, Opendoor has provided people across the U.S. with a simple and certain way to sell and buy a home. Opendoor is a team of problem solvers, innovators, and operators who are leading the future of real estate. Opendoor currently operates in markets nationwide.
For more information, please visit www.opendoor.com.
Contacts
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