HomeAway Shares Tumble ~5% as Lazard Notes Market's Very Bullish Estimates for Pay-Per-Booking Model

Traders in shares of HomeAway

are (partly) attributing a 5 percent move lower in the stock Wednesday to some concerns from Lazard Capital Market's Jake Fuller. The analyst believes the latest sales models for HomeAway's pay-per-booking platform are lofty. Fuller is currently expecting around $27 million in sales from this new platform by 2015, well below the $70-105 million investors are indicating. Fuller maintains a Neutral rating on shares of HomeAway. The stock last traded at $31.63.