Boston, MA 05/30/2014 (wallstreetpr) – HomeAway, Inc. (NASDAQ:AWAY), an exquisite online marketplace catering to the vacation rental industry, announced its holistic quarterly performance statistics on April 24, 2014.
Q1 Snapshot
The company notched up earnings of $0.05 per share, in Q1-2014. AWAY garnered revenues amounting to $105.70 million last quarter. In 2013, the company had posted $0.14 EPS during the first quarter. Quarterly revenues have soared up a whopping 33% on a year-over-year basis.
Into The Future
HomeAway, Inc. (NASDAQ:AWAY) also shared a detailed outlook on how the Q2 would fare; incidentally, the company depicted that revenues would grow to a gamut of $109.0 and $111.0 million. Adjusted EBITDA is deemed to be somewhere between $28.0 and $29.0 million. Backed by strong Q1, and good business endeavors till date, the company expects to witness a surge in its FY 2014 net revenues within a scope of $435.0 and $442.5 million. Net EBITDA throughout FY 2014-15 is expected to be between $117.0 and $122.5 million.
COO Sells 2083 Shares
Lately, on May 21, 2014, COO of AWAY Brent Bellm sold 2.083K shares from the common stock in an open market transaction. Priced at $31.02/share, the entire quota of shares were transacted for a voluminous $64,614.66. After the successful sell-out, the COO owns 89,792 of the common shares; the entire lot is valued at $2,785,348, at the current pricing!
Objective Behind The Sell-Out!
It is now clear that HomeAway, Inc. (NASDAQ:AWAY) is trying to pour out larger numbers of shares for investors to buy and transact. Guided by a phenomenal Q1 and backed by the company’s expectations based on the nature of business in store, the investors might just be lured to buy more shares!
Will Conviction Reap Investments?
Perhaps, with the immense conviction that the company has shown on its endeavors, the investors would rightly mull on buying the company shares, after holding on for a few more days. The rising concern, off late, is a significant dip in the financial efficiency ratios! Certainly, there is risk involved; however, the investments are deemed to trigger out of the arsenal quite soon!
