|Bid||33.70 x 900|
|Ask||36.52 x 800|
|Day's range||34.30 - 35.81|
|52-week range||26.14 - 65.88|
|Beta (5Y monthly)||1.53|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||38.00|
It's been a rough year for instant buyers, aka iBuyers, with shares of leading iBuyer Opendoor Technologies (NASDAQ: OPEN) down by more than 90% so far in 2022 and major players like Zillow (NASDAQ: Z)(NASDAQ: ZG) and Redfin (NASDAQ: RDFN) exiting the space.
A year ago, Zillow was forced to shut down its house-flipping business after the unit racked up big losses. For boss Rich Barton, who had staked the future of the online property-listing giant on the venture, it was a humiliating climbdown. The rapid cool down in the US housing market means Zillow’s decision to cut its losses actually looks smart.
IPO Edge and the Palm Beach Hedge Fund Association hosted a fireside chat with reAlpha to discuss the company’s business model and points of differentiation, competitive advantage, why fractionalized ownership is attractive for […]