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Enter Symbol:
 
OpenTable (OPEN) [hlAlert]

Rating:
Hold OPEN
up 11.18 %

OpenTable (OPEN) downgraded to Hold by Stifel Nicolaus

Posted on: Tuesday,  Aug 24, 2010  8:25 AM ET by Stifel Nicolaus

Stifel Nicolaus rated Hold OpenTable (NASDAQ: OPEN) on 08/24/2010. Previously Stifel Nicolaus rated Buy OpenTable (NASDAQ: OPEN) on 08/04/2010., when
the stock price was $46.60. Since then, OpenTable has gained 11.18% as of 08/24/2010's recent price of $51.81.
If you would have followed the previous Stifel Nicolaus's recommendation on OPEN, you would have gained 11.18% of your investment in 20 days.

OpenTable, Inc. (OpenTable) provides solutions that form an online network connecting reservation-taking restaurants and people who dine at those restaurants. Its solutions include electronic reservation book (ERB) for restaurant customers and www.opentable.com, a restaurant reservation Website for diners. The OpenTable network includes approximately 10,000 OpenTable restaurant customers. As of September 30, 2008, the Company seated an average of approximately 2.8 million diners per month. For restaurant customers, it provides an ERB, which is an integrated software and hardware solution that computerizes restaurant host-stand operations. The OpenTable ERB streamlines a number of business functions and processes for restaurants, including reservation management, table management, guest recognition and e-mail marketing. The OpenTable Website enables diners to find, choose and book tables at restaurants on the OpenTable network.

Stifel Nicolaus research focuses on all market caps, but is a leader in small- and mid-cap research. The department is staffed predominately with industry professionals from outside Wall Street. In fact, approximately 50% of its analysts have hands-on work experience in the industry that they research. Stifel Nicolaus believes industry experience, its opportunistic approach, and broad market cap coverage drive excess returns and its award-winning franchise.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/24/2010 8:25 AM Hold
None
51.81
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD up  103.49 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/4/2010 9:25 AM Buy
None
46.60 51.00
3/17/2010 8:25 AM Buy
None
36.97 45.00
10/29/2009 10:25 AM Buy
None
26.62 34.00
7/1/2009 9:25 AM Hold
None
31.00

(*) Stock Price at the time of the recommendation.
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