12 Best Get Rich Fast Stocks To Buy Now

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7. Opendoor Technologies Inc. (NASDAQ:OPEN)

Number of Hedge Fund Holders: 20

Opendoor Technologies Inc. (NASDAQ:OPEN) operates a digital platform for residential real estate transactions in the United States. The firm reported its third-quarter 2024 financial results in early November last year. It achieved $1.4 billion in revenue for the quarter, surpassing its own guidance expectations. During this period, Opendoor purchased 3,504 homes, representing a 27% sequential decline. This reduction is attributed to elevated spread levels and a deliberate decrease in marketing expenditures. Despite these challenges, the company reported a contribution margin of 3.8%, exceeding the high end of its guidance range. Adjusted operating expenses were $90 million, lower than the projected $105 million, leading to an adjusted EBITDA loss of $38 million, which was better than anticipated.

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