Telsey Advisory Group Increases OpenTable Price Target to $91.00 (OPEN)
Analysts at Telsey Advisory Group raised their price objective on shares of OpenTable (NASDAQ:OPEN) from $80.00 to $91.00 in a research report issued to clients and investors on Monday, AnalystRatings.Net reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price indicates a potential upside of 14.91% from the company’s current price.
OpenTable (NASDAQ:OPEN) traded up 0.38% on Monday, hitting $79.49. The stock had a trading volume of 24,359 shares. OpenTable has a 52 week low of $48.81 and a 52 week high of $87.48. The stock has a 50-day moving average of $80.87 and a 200-day moving average of $72.78. The company has a market cap of $1.850 billion and a price-to-earnings ratio of 61.44.
OpenTable (NASDAQ:OPEN) last announced its earnings results on Tuesday, November 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter 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 unloaded 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of OpenTable from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $88.90 price target on the stock. Separately, 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. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $73.83.
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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