OpenTable CTO Joseph Essas Unloads 8,333 Shares (OPEN)
OpenTable (NASDAQ:OPEN) CTO Joseph Essas sold 8,333 shares of the company’s stock on the open market in a transaction dated Monday, October 7th. The shares were sold at an average price of $69.40, for a total transaction of $578,310.20. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of OpenTable (NASDAQ:OPEN) traded down 0.07% on Wednesday, hitting $67.61. 545,627 shares of the company’s stock traded hands. OpenTable has a one year low of $41.68 and a one year high of $78.36. The stock has a 50-day moving average of $72.78 and a 200-day moving average of $66.19. The company has a market cap of $1.551 billion and a price-to-earnings ratio of 55.46.
OpenTable (NASDAQ:OPEN) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.50 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts expect that OpenTable will post $1.89 EPS for the current fiscal year.
A number of analysts have recently weighed in on OPEN shares. Analysts at Piper Jaffray Cos. upgraded shares of OpenTable from a “neutral” rating to an “overweight” rating in a research note to investors on Friday, October 4th. They now have a $80.00 price target on the stock, up previously from $65.00. Separately, analysts at Barclays Capital initiated coverage on shares of OpenTable in a research note to investors on Friday, September 6th. They set an “equal weight” rating on the stock. Finally, analysts at Morgan Stanley downgraded shares of OpenTable 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. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $66.47.
OpenTable, Inc (NASDAQ:OPEN) provides solution that forms an online network connecting reservation-taking restaurants and people who dine at those restaurants.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.