HomeAway Inc (AWAY): Today's Featured Technology Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

HomeAway ( AWAY) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.6%. By the end of trading, HomeAway fell $0.76 (-1.6%) to $46.98 on heavy volume. Throughout the day, 3,104,241 shares of HomeAway exchanged hands as compared to its average daily volume of 1,301,800 shares. The stock ranged in price between $46.15-$47.45 after having opened the day at $46.15 as compared to the previous trading day's close of $47.74. Other companies within the Technology sector that declined today were: Avid Technology ( AVID), down 28.8%, Microvision ( MVIS), down 14.1%, Commtouch Software ( CTCH), down 12.0% and GlobalSCAPE Incorporated ( GSB), down 9.6%.

HomeAway, Inc., together with its subsidiaries, operates an online marketplace for the vacation rental industry worldwide. Its vacation rental properties include homes, condominiums, villas, and cabins to the public on a nightly, weekly, or monthly basis. HomeAway has a market cap of $4.4 billion and is part of the internet industry. Shares are up 18.3% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate HomeAway a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates HomeAway as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and disappointing return on equity.

On the positive front, Pulse Electronics ( PULS), up 51.4%, Dynasil Corporation of America ( DYSL), up 44.9%, Triquint Semiconductor ( TQNT), up 26.1% and RF Micro Devices ( RFMD), up 21.0% , were all gainers within the technology sector with LinkedIn ( LNKD) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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