Insider Selling: OpenTable CTO Sells 4,167 Shares of Stock (OPEN)
OpenTable (NASDAQ:OPEN) CTO Joseph Essas unloaded 4,167 shares of OpenTable stock on the open market in a transaction that occurred on Thursday, June 19th. The stock was sold at an average price of $105.12, for a total value of $438,035.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
OpenTable (NASDAQ:OPEN) traded up 0.35% during mid-day trading on Monday, hitting $105.04. 884,033 shares of the company’s stock traded hands. OpenTable has a 1-year low of $59.65 and a 1-year high of $106.00. The stock’s 50-day moving average is $73.76 and its 200-day moving average is $76.6. The company has a market cap of $2.470 billion and a price-to-earnings ratio of 111.47.
OpenTable (NASDAQ:OPEN) last announced its earnings results on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. The company had revenue of $53.80 million for the quarter, compared to the consensus estimate of $54.39 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, analysts predict that OpenTable will post $1.90 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Wunderlich raised their price target on shares of OpenTable from $72.00 to $103.00 in a research note on Monday, June 16th. They now have a “hold” rating on the stock. Finally, analysts at Bank of America upgraded shares of OpenTable from a “neutral” rating to a “buy” rating in a research note on Friday, May 2nd. They now have a $87.00 price target on the stock. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $83.74.
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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