Opentable Inc. (OPEN): Today's Featured Internet Loser

Opentable ( OPEN) pushed the Internet industry lower today making it today's featured Internet loser. The industry as a whole closed the day up 0.3%. By the end of trading, Opentable fell $1.04 (-2.3%) to $43.68 on heavy volume. Throughout the day, 1.8 million shares of Opentable exchanged hands as compared to its average daily volume of 1.2 million shares. The stock ranged in price between $43.52-$46 after having opened the day at $44.48 as compared to the previous trading day's close of $44.72. Other company's within the Internet industry that declined today were: China Finance Online ( JRJC), down 6.7%, Geeknet ( GKNT), down 5.4%, support.com ( SPRT), down 5%, and VirnetX ( VHC), down 3.9%.

OpenTable, Inc. provides restaurant reservation solutions 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. Opentable has a market cap of $1.01 billion and is part of the technology sector. The company has a P/E ratio of 50.9, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 14.3% year to date as of the close of trading on Monday. Currently there are three analysts that rate Opentable a buy, one analyst rates it a sell, and six rate it a hold.

TheStreet Ratings rates Opentable as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and weak operating cash flow.

On the positive front, Friendfinder Networks ( FFN), up 8.3%, Authentidate Holding Corporation ( ADAT), up 8%, EasyLink Services International Corporation ( ESIC), up 7.8%, and Synacor ( SYNC), up 6.6%, were all gainers within the internet industry with SINA Corporation ( SINA) being today's featured internet industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider First Trust Dow Jones Internet Idx ( FDN) while those bearish on the internet industry could consider ProShares Ultra Short Technology ( REW).
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