Buy Shares of Move (MOVE), Trades at Massive Discount vs. Zillow (Z) & Trulia (TRLA)
Tweet
Share
E-mailGet Alerts MOVE Hot Sheet
Price: $11.72 +5.11%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Oppenheimer today recommended investors buy Move, Inc. (NASDAQ: MOVE) ahead of 4Q earnings on Tuesday, Feb. 12.
"In our view, MOVE remains an attractive play on the US housing recovery, and we believe the company is poised for strong revenue growth in 2013. This is supported by user engagement and new products," said analyst Jason Helfstein.
The Oppenheimer report pointed out Move's compelling valuation compared to Zillow (Nasdaq: Z) and Trulia (NYSE: TRLA).
"Compared to Zillow and Trulia, data from comScore reveals that minutes per user are higher on Realtor.com, indicating greater engagement, which should support pricing increases. Realtor.com's mobile sites also outperformed Zillow and Trulia in Dec. 2012," added Helfstein.
MOVE currently trades at 1.6x estimated 2013 sales vs. Trulia and Zillow at 5.9x each, noted the analyst.
Oppenheimer has an Outperform rating on Move, Inc. with a price target of $12.00.
For an analyst ratings summary and ratings history on Move, Inc. (NASDAQ: MOVE) click here. For more ratings news on Move, Inc. click here.
Shares of Move, Inc. closed at $9.59 yesterday.
"In our view, MOVE remains an attractive play on the US housing recovery, and we believe the company is poised for strong revenue growth in 2013. This is supported by user engagement and new products," said analyst Jason Helfstein.
The Oppenheimer report pointed out Move's compelling valuation compared to Zillow (Nasdaq: Z) and Trulia (NYSE: TRLA).
"Compared to Zillow and Trulia, data from comScore reveals that minutes per user are higher on Realtor.com, indicating greater engagement, which should support pricing increases. Realtor.com's mobile sites also outperformed Zillow and Trulia in Dec. 2012," added Helfstein.
MOVE currently trades at 1.6x estimated 2013 sales vs. Trulia and Zillow at 5.9x each, noted the analyst.
Oppenheimer has an Outperform rating on Move, Inc. with a price target of $12.00.
For an analyst ratings summary and ratings history on Move, Inc. (NASDAQ: MOVE) click here. For more ratings news on Move, Inc. click here.
Shares of Move, Inc. closed at $9.59 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Movano (MOVE) Misses Q2 EPS by 195c
- Bernstein SocGen Group Reiterates Outperform Rating on JD.com, Inc (JD), 'very cheaply valued'
- Diana Shipping withdraws bid to acquire Genco Shipping
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, General NewsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
