OpenTable VP Sells $509,724 in Stock (OPEN)
OpenTable (NASDAQ:OPEN) VP Michael Dodson sold 7,150 shares of OpenTable stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $71.29, for a total transaction of $509,723.50. 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 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 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’s stock. OpenTable has an average rating of “Hold” and a consensus target price of $66.47.
OpenTable (NASDAQ:OPEN) traded up 0.61% on Wednesday, hitting $70.42. The stock had a trading volume of 284,869 shares. OpenTable has a one year low of $39.94 and a one year high of $76.40. The stock’s 50-day moving average is $71.74 and its 200-day moving average is $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 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.
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.