SeekingAlpha  Sep 29  Comment 
By WestEnd511: Marketing analytics company Warren Weiss published a study dated May 2014 on the home and lodging rental service industry that indicated only 8% of the leisure travellers have heard or used a home and lodging rental service. This...
SeekingAlpha  Sep 25  Comment 
By The Value Investor: Investors in HomeAway (NASDAQ:AWAY) received a welcomed buy rating from analysts at SunTrust, which are bullish on the prospects for the company's shares following continued anticipated growth driven by a continued shift...
Benzinga  Sep 24  Comment 
Analysts at SunTrust initiated coverage on HomeAway, Inc. (NASDAQ: AWAY) with a Buy rating and $40 price target. Robert Peck outlined drivers for the Buy rating: HomeAway has strong financials, with revenues growing 30 percent and EBITDA...
Forbes  Sep 23  Comment 
While the partnership will give HomeAway vacation rental owners and property managers exposure to more than 13.4 million monthly visitors on Expedia, Expedia users will get the benefit of being able to bundle home rentals with flights, cars and...
SeekingAlpha  Sep 21  Comment 
By WestEnd511: HomeAway (NASDAQ:AWAY) announced that it has expanded its current partnership with Expedia (NASDAQ:EXPE) that allows AWAY's rental listings to be distributed on EXPE's US website. Under this new agreement, EXPE will expand the...
Benzinga  Sep 19  Comment 
In a report published Friday, Bank of America analyst Nat Schindler reiterated a Neutral rating and $34.00 price target on HomeAway, Inc. (NASDAQ: AWAY). In the report, Bank of America noted, “Yesterday at HomeAway's 2014 RezFest, HomeAway...
Benzinga  Aug 13  Comment 
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...
TheStreet.com  Aug 13  Comment 
NEW YORK (TheStreet) -- HomeAway Inc. was downgraded to “hold” from “buy” at Stifel Nicolaus on Wednesday. The firm said it lowered its rating on the vacation and rental online marketplace as it feels the company is turning into a...
Benzinga  Aug 12  Comment 
Citing the company's strong position in the growing online vacation rental market and other drivers, UBS analyst Eric Sheridan initiated coverage on HomeAway (Nasdaq: Away) in a report published Tuesday, assigning the stock a Buy rating and a $40...
TheStreet.com  Aug 12  Comment 
NEW YORK (TheStreet) -- TheStreet’s Jim Cramer, co-manager of the Action Alerts PLUS portfolio, pointed out that shares of HomeAway are lower, despite UBS initiating the stock with a buy recommendation and $40 price target.  On CNBC’s...


HomeAway (NASDAQ:AWAY) is an online vacation rental company that provides a virtual market space where users can post their privately-owned homes for rent. The company has funished villas, resort homes, cabins, secondary vacation living spaces from all over the world with over 9.5 million unique viewers per month. The company's business model allows viewers to browse the website freely at no charge while the property managers and owners pay an annual listings fee. Additional tools and software add-ins are also available for a fee in order to facilitate postings and updates. [1]

Business Overview

For the full year 2010, KiOR posted $168M in revenue and $16.9M in net income. This was a 40% increase in revenue and 120% increase in net income as compared to the previous year.[2]

New Updates

The company's initial public offering of stock on the NASDAQ occurred on June 28, 2011. The company offered 8M shares each for $27 at the high end of the the $24-$27 initial price range. The offering raised only a total of $216M. The lead managers of the IPO were Morgan Stanley (MS), Deutsche Bank AG (DB), Goldman Sachs Group (GS) and J P Morgan Chase (JPM). [3]

Trends & Forces

Opportunity to Improve Inefficient Vacation Rental Market

The vacation rental market is a highly fractionated and inefficient market space with significant opportunity for online advertising. In the past, vacationers have not had very many consolidated locations to compare offers or explore new travel locations. Historically many property managers have also had issues being to maximize revenues by renting locations during low periods. These inherent market inefficiencies have largely been reduced with online marketing services similar to the ones that HomeAway provides. Similar to EBay (EBAY) and other e-commerce companies, the sellers rely on customer feedback ratings and reviews to develop credibility with potential renters. [4]

  1. HomeAway S-1/A 2011 SUMMARY "Overview" pg 1-2
  3. Renaissance Capital - IPO Home "HomeAway prices IPO at $27, at high end of the range" 28 June 2011
  4. HomeAway S-1/A 2011 PROSPECTUS SUMMARY "The Vacation Rental Industry" pg1-3
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