OpenTable (OPEN) Announces Quarterly Results
OpenTable (NASDAQ:OPEN) posted its quarterly earnings results on Thursday. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.17, Analyst Ratings.Net reports. The company had revenue of $52.30 million for the quarter, compared to the consensus estimate of $46.05 million. During the same quarter last year, the company posted $0.46 earnings per share. OpenTable’s revenue was up 21.9% compared to the same quarter last year.
In other OpenTable news, CFO I. Duncan Robertson sold 3,000 shares of OpenTable stock on the open market in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $80.51, for a total transaction of $241,530.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on OPEN shares. Analysts at Zacks upgraded shares of OpenTable from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $88.90 price target on the stock. On the ratings front, analysts at Citigroup Inc. upgraded shares of OpenTable from a “sell” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $74.00 price target on the stock, up previously from $68.00. Finally, analysts at Telsey Advisory Group raised their price target on shares of OpenTable from $80.00 to $91.00 in a research note to investors on Monday, January 6th. They now have a “not rated” rating on the stock. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $75.16.
OpenTable (NASDAQ:OPEN) traded up 3.01% during mid-day trading on Thursday, hitting $75.41. 1,512,677 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 has a 50-day moving average of $78.95 and a 200-day moving average of $74.99. The company has a market cap of $1.755 billion and a P/E ratio of 56.80.
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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