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HomeAway, Inc. (AWAY) Message Board

  • muellerfund muellerfund Apr 25, 2012 11:51 PM Flag

    JPMorgan cuts AWAY Price Target

    Equities research analysts at JPMorgan Chase (NYSE: JPM) decreased their price target on shares of HomeAway (NASDAQ: AWAY) from $32.00 to $30.00 in a research note issued to investors on Wednesday.
    The analysts wrote, “HomeAway reported an in-line 1Q with 23% revenue growth driven by strength in new listings and a growing contribution from Other revenue. Guidance was slightly disappointing, with no real change to organic revenue. Shares could trade off on the light outlook, and while we are lowering our PT from $32 to $30, we continue to believe HomeAway is on track with the integration of several product initiatives that will drive upside to Listings revenue late this year and into 2013, including the transition of VRBO onto the global platform.”
    AWAY has been the subject of a number of other recent research reports. Analysts at Barclays Capital (NYSE: BCS) reiterated an “equal weight” rating on shares of HomeAway in a research note to investors on Monday. They now have a $25.00 price target on the stock, down previously from $35.00. Separately, analysts at Susquehanna initiated coverage on shares of HomeAway in a research note to investors on Wednesday, March 28th. They set a “positive” rating on the stock. Finally, analysts at Bank of America (NYSE: BAC) initiated coverage on shares of HomeAway in a research note to investors on Monday, March 12nd. They set an “underperform” rating on the stock.
    Shares of HomeAway traded up 0.08% during mid-day trading on Wednesday, hitting $25.12. HomeAway has a one year low of $19.77 and a one year high of $45.75. The company’s market cap is $2.058 billion.
    The company last announced its quarterly results on Wednesday, February 22nd. It reported $0.00 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.01 EPS by $0.01. The company’s quarterly revenue was up 28.6% on a year-over-year basis. On average, analysts predict that HomeAway will post $0.15 earnings per share next quarter.
    HomeAway, Inc. (HomeAway) is an early-stage company. HomeAway operates the online marketplace for the vacation rental industry.

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