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OpenTable (OPEN) provides restaurant reservation solutions primarily in the United States, Canada, Germany, Japan, Mexico, and the United Kingdom.
It offers solutions that form an online network connecting reservation-taking restaurants and people who dine at those restaurants. The company provides electronic reservation book (ERB) that combines proprietary software and computer hardware to deliver a solution, which computerizes restaurant host-stand operations. Its ERB streamlines and enhances various functions and processes for restaurants, including reservation management, table management, guest recognition, and email marketing.
In addition, the company offers on-site installation, training, and support services; data protection and hardware replacement services; software upgrades and updates; and Connect, a Web-based service that enables restaurants to accept online reservations from the OpenTable network, as well as through its mobile applications and restaurants' Websites. Further, it designs, builds, and operates Websites and mobile applications, which enable diners to find, choose, and book tables at restaurants on the OpenTable network; and provides mobile versions of the OpenTable Websites for use on mobile devices, as well as free mobile applications.
Shares have come down to a support level and higher prices are expected for this stock.
52-Week Trading Range: $33.53 - $65.00
Entry Point: $56.50
Stop Loss: $53.67
Target Price: $62.15
OPEN reached our target price. The position was closed at $62.85. If you elect to stay in this stock, adjust your stop losses upward to $62 to protect your gains.
