OpenTable VP Michael Dodson Sells 7,150 Shares (OPEN)
OpenTable (NASDAQ:OPEN) VP Michael Dodson sold 7,150 shares of OpenTable stock on the open market in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $72.05, for a total transaction of $515,157.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on OPEN. Analysts at Barclays Capital initiated coverage on shares of OpenTable (NASDAQ:OPEN) in a research note to investors on Friday, September 6th. They set an “equal weight” rating on the stock. Separately, analysts at Morgan Stanley downgraded shares of OpenTable (NASDAQ:OPEN) from an “equal weight” rating to an “underweight” rating in a research note to investors on Thursday, September 5th. They now have a $60.00 price target on the stock, up previously from $50.00. They noted that the move was a valuation call. Finally, analysts at Zacks downgraded shares of OpenTable (NASDAQ:OPEN) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 28th. They now have a $78.10 price target on the stock.
Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $64.08.
OpenTable (NASDAQ:OPEN) traded down 0.33% during mid-day trading on Tuesday, hitting $70.09. 466,202 shares of the company’s stock traded hands. OpenTable has a 52 week low of $39.94 and a 52 week high of $78.36. The stock’s 50-day moving average is $72.86 and its 200-day moving average is $65.47. The company has a market cap of $1.608 billion and a price-to-earnings ratio of 57.64.
OpenTable (NASDAQ:OPEN) last released its earnings data on Thursday, August 1st. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.47 by $0.03. The company had revenue of $45.60 million for the quarter, compared to the consensus estimate of $46.03 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Analysts expect that OpenTable will post $1.89 EPS for the current fiscal year.
OpenTable, Inc (NASDAQ:OPEN) provides solution that forms an online network connecting reservation-taking restaurants and people who dine at those restaurants.
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