Priceline Group Inc (NASDAQ:PCLN) announced that Christa Quarles has been named Chief Executive Officer of OpenTable, effective immediately. Quarles has served as the Chief Financial Officer of OpenTable since May 2015 and as interim CEO since September of 2015 when former CEO Matt Roberts moved into the role of Chairman, OpenTable. Quarles and Roberts will both report toDarren Huston, President & CEO of The Priceline Group. OpenTable will be looking to hire a new CFO.
Matt has been with OpenTable for 10 years, and under his leadership, the brand has developed a market-leading position,” said Huston. “Christa has an extensive background running digital businesses. As the Group continues its commitment to accelerate OpenTable’s global expansion, increase the value offered to restaurant partners, and enhance the end-to-end experience for customers, I know Christa is well-poised to lead the charge and unlock new growth opportunities.”
Prior to joining OpenTable in 2015, Quarles served as the Chief Business Officer for Nextdoor where she oversaw finance, business intelligence, HR, business development and legal. Previously, she served as the SVP and General Manager at Disney where she led the Mobile and Social Games divisions within Disney Interactive.
“I joined OpenTable because I see a business with immense opportunity and the potential to power amazing dining experiences for diners and restaurants all over the world,” said Quarles. “I look forward to growing the OpenTable team across the globe to help fulfill this vision.” (Original Source)
Shares of Priceline closed today at $1,258.79, down $8.08 or 0.64%. PCLN has a 1-year high of $1476.52 and a 1-year low of $990.69. The stock’s 50-day moving average is $1343.63 and its 200-day moving average is $1252.53.
On the ratings front, Priceline has been the subject of a number of recent research reports. In a report released yesterday, Morgan Stanley analyst Brian Nowak maintained a Hold rating on PCLN. Separately, on the same day, Janney Montgomery Scott’s Brian McGill maintained a Hold rating on the stock and has a price target of $1225.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Brian Nowak and Brian McGill have a total average return of 6.8% and 9.7% respectively. Nowak has a success rate of 61.0% and is ranked #641 out of 3847 analysts, while McGill has a success rate of 71.0% and is ranked #759.
Overall, 5 research analysts have assigned a Hold rating and 5 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $1482.14 which is 17.7% above where the stock opened today.
Priceline Group Inc is a provider of online travel and travel related reservation and search services. The Company offer consumers accommodation reservations through its Booking.com, priceline.com and agoda.com brands.