Insider Selling: I. Duncan Robertson Sells 3,000 Shares of OpenTable Stock (OPEN)
OpenTable (NASDAQ:OPEN) CFO I. Duncan Robertson sold 3,000 shares of the stock on the open market in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $69.64, for a total value of $208,920.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
OPEN has been the subject of a number of recent research reports. 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 analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $66.47.
Shares of OpenTable (NASDAQ:OPEN) traded down 0.49% during mid-day trading on Friday, hitting $70.87. The stock had a trading volume of 266,190 shares. OpenTable has a 52-week low of $39.94 and a 52-week 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 $1.626 billion and a P/E ratio of 58.38.
OpenTable (NASDAQ:OPEN) last released its earnings data 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.
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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