Share on StockTwits

OpenTable (NASDAQ:OPEN) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Thursday, AnalystRatings.NET reports. They currently have a $88.90 price objective on the stock. Zacks‘ price objective suggests a potential upside of 12.01% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. downgraded shares of OpenTable from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. They now have a $87.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of OpenTable from $65.00 to $76.00 in a research note to investors on Wednesday, November 6th. They now have a “neutral” rating on the stock. Finally, analysts at Telsey Advisory Group raised their price target on shares of OpenTable from $70.00 to $80.00 in a research note to investors on Wednesday, November 6th. They now have a “not rated” rating on the stock. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $72.91.

OpenTable (NASDAQ:OPEN) traded down 2.31% during mid-day trading on Thursday, hitting $77.54. 348,868 shares of the company’s stock traded hands. OpenTable has a 52 week low of $48.81 and a 52 week high of $87.48. The stock’s 50-day moving average is $81.23 and its 200-day moving average is $72.65. The company has a market cap of $1.804 billion and a price-to-earnings ratio of 61.57.

OpenTable (NASDAQ:OPEN) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.08. The company had revenue of $46.70 million for the quarter, compared to the consensus estimate of $46.05 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Analysts expect that OpenTable will post $1.97 EPS for the current fiscal year.

In other OpenTable news, CFO I. Duncan Robertson sold 3,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $80.65, for a total transaction of $241,950.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

OpenTable, Inc (NASDAQ:OPEN) provides solution that forms an online network connecting reservation-taking restaurants and people who dine at those restaurants.

To view Zacks’ full report, visit

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.