Insider Selling: Joseph Essas Unloads 4,167 Shares of OpenTable Stock (OPEN)
OpenTable (NASDAQ:OPEN) CTO Joseph Essas unloaded 4,167 shares of OpenTable stock on the open market in a transaction dated Monday, October 21st. The shares were sold at an average price of $71.31, for a total transaction of $297,148.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 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 equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $66.47.
Shares of OpenTable (NASDAQ:OPEN) traded up 0.61% during mid-day trading on Wednesday, hitting $70.42. The stock had a trading volume of 284,869 shares. OpenTable has a 52-week low of $39.94 and a 52-week high of $76.40. The stock has a 50-day moving average of $71.74 and a 200-day moving average of $64.75. The company has a market cap of $1.615 billion and a price-to-earnings ratio of 57.37.
OpenTable (NASDAQ:OPEN) last announced its earnings results on Thursday, August 1st. The company reported $0.50 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.42 earnings per share. OpenTable’s revenue was up 15.2% compared to the same quarter last year. On average, analysts predict that OpenTable will post $1.89 earnings per share 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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