On August 5, Opendoor Technologies Inc fell 8.74% in regular trading, trading at $3.76/share, with turnover of $42.65 million.

On the news front, the company released its Q2 earnings report after market close, revealing a GAAP net loss of $0.17 per diluted share, far exceeding the FactSet consensus estimate of a $0.07 loss and widening sharply from a $0.04 loss in the year-ago period. Revenue came in at $883 million, below analyst expectations of $906 million and down significantly year-over-year from $1.57 billion. While the adjusted EPS loss of $0.03 beat estimates, the severe deterioration in GAAP losses weighed heavily on sentiment. Deutsche Bank subsequently lowered its price target to $4.25 from $4.50, maintaining a Hold rating.

The company is advancing its Opendoor 2.0 transformation strategy, shutting down India operations and cutting nearly 250 jobs as it pivots toward a software and AI-driven business model.

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