HomeAway Inc. Hits New 52-Week High at $42.57 (AWAY)
Shares of HomeAway (NASDAQ:AWAY) hit a new 52-week high during trading on Wednesday, Analyst RN reports. The stock traded as high as $42.57 and last traded at $41.72, with a volume of 737,771 shares trading hands. The stock had previously closed at $41.87.
A number of research firms have recently commented on AWAY. Analysts at Zacks upgraded shares of HomeAway from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $43.90 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of HomeAway in a research note to investors on Wednesday, December 18th. They set a “neutral” rating and a $38.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of HomeAway in a research note to investors on Friday, December 13th. They now have a $42.00 price target on the stock, down previously from $43.00. Ten investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. HomeAway presently has an average rating of “Buy” and a consensus price target of $36.35.
In other HomeAway news, CEO Brian Sharples sold 36,642 shares of the company’s stock on the open market in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $40.16, for a total transaction of $1,471,542.72. Following the sale, the chief executive officer now directly owns 65,681 shares of the company’s stock, valued at approximately $2,637,749. The sale was disclosed in a legal filing with the SEC, which is available at this link.
HomeAway (NASDAQ:AWAY) last announced its earnings results on Wednesday, November 6th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.03. The company had revenue of $90.15 million for the quarter, compared to the consensus estimate of $89.20 million. During the same quarter last year, the company posted $0.14 earnings per share. HomeAway’s revenue was up 23.3% compared to the same quarter last year.
HomeAway, Inc (NASDAQ:AWAY) is an online marketplace for the vacation rental industry.
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