OpenTable VP Sells $447,904 in Stock (OPEN)
OpenTable (NASDAQ:OPEN) VP Michael E. Dodson sold 4,349 shares of OpenTable stock on the open market in a transaction dated Thursday, July 10th. The shares were sold at an average price of $102.99, for a total transaction of $447,903.51. The sale was disclosed in a document filed with the SEC, which is available at this link.
OpenTable (NASDAQ:OPEN) traded down 0.02% during mid-day trading on Monday, hitting $102.99. The stock had a trading volume of 276,154 shares. OpenTable has a 52-week low of $61.50 and a 52-week high of $106.30. The stock’s 50-day moving average is $89.51 and its 200-day moving average is $79.06. The company has a market cap of $2.422 billion and a price-to-earnings ratio of 109.70. OpenTable also was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 1,943,707 shares, a decrease of 48.0% from the June 13th total of 3,739,674 shares. Currently, 8.4% of the shares of the stock are sold short. Based on an average trading volume of 1,098,421 shares, the short-interest ratio is presently 1.8 days.
OpenTable (NASDAQ:OPEN) last issued its quarterly earnings data 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 JPMorgan Chase & Co. raised their price target on shares of OpenTable from $73.00 to $103.00 in a research note on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Goldman Sachs raised their price target on shares of OpenTable to $90.00 in a research note on Thursday, June 26th. Finally, 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. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $87.33.
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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