5 Hot Penny Stocks To Buy

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1. Opendoor Technologies Inc. (NASDAQ:OPEN)

Number of Hedge Fund Holders: 32

Opendoor Technologies Inc. (NASDAQ:OPEN) shares have gained about 62% over the past 30 days through June 1. Opendoor Technologies Inc. (NASDAQ:OPEN) buys and sells residential real estate. Opendoor Technologies Inc. (NASDAQ:OPEN) recently posted its first quarter of 2023 results. GAAP EPS in the period came in at -$0.16, beating estimates by $0.44. Revenue in the quarter fell about 40% year over year to $3.1 billion, still beating estimates by $360 million. For the second quarter of 2023, Opendoor Technologies Inc. (NASDAQ:OPEN) expects its revenue to come in the range of $1.75 billion to $1.85 billion, while the consensus estimate for this metric was $2.28 billion.

As of the end of the first quarter of 2023, 32 hedge funds had stakes in Opendoor Technologies Inc. (NASDAQ:OPEN). The biggest stakeholder of Opendoor Technologies Inc. (NASDAQ:OPEN) was Daniel Patrick Gibson’s Sylebra Capital Management which owns a $59 million stake in the company.

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