In Wednesday's morning summary, Stifel analyst Scot Devitt downgraded shares of HomeAway (NASDAQ: AWAY) from Buy to Hold with a $38 fair value.
Devitt noted the company has showed positive results for its two-pronged transition strategy of shifting from a pure subscription model to a pay-per-bookings model and increasing emphasis on converting listing into bookings.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Speaking on this, Devitt wrote, "This early traction is positive, in our view, but the sustainability of this growth along with other key metrics such as average Revenue per Listing remains in question."
Devitt said he is waiting on the sidelines until he sees a "significant impact" from increased marketing in 2014 and 2015.