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MOVE $5.65

MOVE target price
5.65
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0
Move,Inc.
Trading name
realtor.com
Type
Subsidiary company
Traded as
  • NASDAQ: NWS
  • NASDAQ: NWSA
  • ASX: NWS
  • ASX: NWSLV
Industry Real Estate
Founded 1996
Headquarters Santa Clara, California
Key people
  • Ryan O'Hara, CEO
  • Nate Johnson, CMO
  • Bryan Charap, CFO
  • Suhail Ansari, CTO
  • Luke Glass, Executive Vice President Industry Platforms
  • Raymond Picard, Executive Vice President Sales
  • Marcy Greenberg, Executive Vice President People
  • James S. Caulfield, Executive Vice President General Counsel and Secretary
  • Hahn Lee, Senior Vice President Business Development and Strategy
  • Jonathan Smoke, Chief Economist
Brands
  • realtor.com
  • move.com
  • Doorsteps
  • Moving.com
  • Top Producer
  • Reesio
  • List Hub
  • FiveStreet
  • Relocation.com
  • SeniorHousingNet.com
Revenue Increase$191.72 Million USD (2011)
Net income
Increase$7.26 Million USD (2011)
Owner News Corp (80%) and REA Group (20%)
Number of employees
  • 1052 (2014)
  • 1212 (2015)
  • 1202 (2016)
Parent
  • Independent (1996-2014)
  • News Corp (2014-Present)
Website www.move.com

Move, Inc, is a real estate web site, which operates the Move Network of real estate web sites for consumers and real estate professionals. The Move Network of web sites captures more than 60 million monthly visitors. The headquarters for Move, Inc. is in Santa Clara, California. Move, Inc. maintains offices in New York City, Scottsdale, Arizona, Westlake Village, California and Richmond, British Columbia, Canada.

The company began by working with the National Association of Realtors (NAR) to host and manage the listings of Realtors nationwide in the mid-1990s. At the time, the company operated as RealSelect, Inc. although the company became better known as Homestore.

Much of the past criticisms of the company centered on the actions of the management team during the rise of the dot-com bubble. In particular, the founder and former CEO, Stuart Wolff, was convicted of insider trading and falsifying the company books. Wolff's conviction was overturned on appeal in 2008, but he eventually plea bargained for a sentence of 3–5 years.

W. Michael Long, former CEO of Healtheon Corp. and chairman of WebMD Inc. after its merger with Healtheon took over as CEO on January 7, 2002. He was joined by two other former Healtheon and WebMD executives: Jack D. Dennison, chief operating officer, and Lewis R. Belote III, chief financial officer. Joe F. Hanauer, former head of Coldwell Banker’s Residential Group, was named chairman of Homestore’s board of directors.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2014-10-01 Downgrade B. Riley Buy to Neutral $18.00 to $21.00
2014-07-30 Reiterated Rating Telsey Advisory Group $18.00
2014-05-07 Lower Price Target Oppenheimer Outperform $20.00 to $18.00
2014-03-14 Initiated Coverage Telsey Advisory Group Not Rated $14.00
2014-02-24 Initiated Coverage Morgan Stanley Positive to Equal Weight $13.00
2013-09-30 Reiterated The Benchmark Company Buy $17 to $23
2013-09-30 Boost Price Target Benchmark Co. Buy $17.00 to $23.00
2012-06-26 Initiated The Benchmark Company Buy $11
2014-10-01 Downgrade B. Riley Buy to Neutral $18.00 to $21.00
2014-07-30 Reiterated Rating Telsey Advisory Group $18.00
2014-05-07 Lower Price Target Oppenheimer Outperform $20.00 to $18.00
2014-03-14 Initiated Coverage Telsey Advisory Group Not Rated $14.00
2014-02-24 Initiated Coverage Morgan Stanley Positive to Equal Weight $13.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Samuelson Errol G Chief Strategy Officer 0.22%  (89828) MOVE / Z / ZG /
Boecker Frederick Scott Chief Product Officer 0.19%  (76745) DMD / MOVE /