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Shares of online vacation rental Web site HomeAway gained nearly 50% on the company's first day of trading on the
Nasdaq in June.
HomeAway's IPO raised $216 million, selling shares at $27 each.
Since then, the market has not been kind to HomeAway, and the company is trading near its 52-week low of $26.60.
In the September-ended quarter, HomeAway saw revenue rise 37% to $61.1 million.
Last month, Deutsche Bank analyst Jeetil Patel raised his price target on the company to $40 from $36, citing "increases in premium services and up-sell opportunities."
HomeAway has recently launched pay-for-performance pricing, meaning property owners could pay more to rank higher in search results.
Its Reservation Management software, which helps property owners and managers to streamline payments from customers, has also gained traction.
HomeAway, based in Austin, Texas, has more than 625,000 paid vacation home listings throughout more than 145 countries.
Shares of HomeAway closed Friday at $26.76.
--Written by Olivia Oran in New York.
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