Move, Inc. (NASDAQ:MOVE)

CAPS Rating: No stars

The Company has created an online service that enables consumers to find real estate listings and other content related to residential real estate, moving and relocation.

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All Players

111 Outperform
88 Underperform
 

All-Star Players

22 Outperform
29 Underperform
 

Wall Street

4 Outperform
4 Underperform
 

Top MOVE Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

TrackRonBaron (77.43)
Submitted February 20, 2008

Ron Baron owns 2027600 shares of Move Inc.. As of September 30th, 2007 MOVE was up 15.69% over the last quarter, composed 0.03% of his portfolio, and he controlled 1.3% of the company.

NetscribeRetail (79.15)
Submitted January 22, 2007

Move Inc., formerly Homestore, Inc., has created an Online Real Estate service that enables consumers to find real estate listings and other relevant content through websites like REALTOR.com, HomeBuilder.com, Rentnet.com, SeniorHousingNettm.com and… More

MOVE VS S&P 500 (SPY)

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Recent Community Commentary

Read the most recent pitches from players about MOVE.

Recs

0
Member Avatar rknapton (20.74) Submitted: 8/22/2013 4:35:38 PM : Outperform Start Price: $14.83 MOVE Score: -13.11

Long. Marginal buy… Pricey on a P/E basis. Revenues up 16% last quarter. Their move.com and realtor.com websites are trending up on Alexa though and as housing makes a comeback this could do well.

Recs

0
Member Avatar pregu (98.39) Submitted: 3/2/2013 8:46:08 AM : Underperform Start Price: $9.66 MOVE Score: -47.45

high p/e. although overall housing market will improve, everyone i know uses (and loves) zillow.

Recs

0
Member Avatar TMFJLo (97.02) Submitted: 8/23/2012 4:34:59 PM : Underperform Start Price: $7.81 MOVE Score: -86.68

Here's my bearish take: http://www.fool.com/investing/general/2012/08/23/3-real-estate-stocks-fighting-for-6-billion.aspx

...and the text outlining my theory on competition between Zillow, Trulia, and Move:

Last Friday, competition among real estate tech companies heated up. Trulia filed for a $75 million IPO, a sum that could give this website the funding it needs to take on market leader Zillow (Nasdaq: Z ) and pound more traditional companies into dust. Trulia's filing allows investors a never-before-seen look into its fundamentals. Let's see whether this company's got what it takes to kill the competition.

Online real estate 101
If you've never heard of Zillow, Trulia, or Move, you're missing out on an emerging sector that could run the real estate market in the next five years. These companies use the Internet as a platform to connect buyers (home buyers or renters) with sellers (home sellers, landlords, or real estate agents) and lenders (banks and mortgage lenders). The company provides each group with all the information they need to make the best possible business transaction, and then provides them with a simple process for making that transaction a reality. For a visual explanation, check out this video.

The numbers that matter
Image is everything, and Trulia's website visits send mixed messages. Although Trulia's unique visitors have tripled in the past three years, Zillow has grown slightly faster and now enjoys almost 10 million more website visits per month than Trulia. Move's (Nasdaq: MOVE ) Realtor.com growth looks near horizontal at 28%, compared with Trulia's 69% traffic increase and Zillow's 76% jump.

Given what we know about these companies' website visits, their sales growth should come as no surprise. Zillow and Trulia have doubled sales each year for the past three years, but the laws of compounding multiples have Zillow ahead by $20 million in 2011. Although Move has a massive monetary head start on these two startups, it's headed in the opposite direction with falling sales every year.

The budget line that most impressed me in Trulia's financials was R&D spending. Zillow spent 44% of its revenue on R&D in 2009, but only 18% this past year. Move has consistently tucked away about 15% of its sales into R&D. Trulia, on the other hand, is still pouring funding into R&D and outspent Zillow by $4 million in 2011.

Source: Author, data from Trulia S-1, Zillow 10-K, Move 10-K.

Partner up!
The real estate advertising business is estimated to be valued at $6 billion, and it's unlikely that any one corporation will beat out the rest without some help from outside sources.

In February 2011, Zillow teamed up with Yahoo! (Nasdaq: YHOO ) to provide real estate listings through Yahoo! Homes. In addition, Zillow now enjoys exclusive rights to sell real estate agent advertising through Yahoo! Real Estate. Having sealed up a seller deal, Zillow partnered with AOL (NYSE: AOL ) in October 2011 to expand its lender visibility. Zillow's "Mortgage Marketplace" rates are now displayed on both AOL Real Estate and AOL-owned DailyFinance.

Move's claim to fame is its title as the "official website of the National Association of Realtors." Of course, nobility doesn't always guarantee success (just ask King Louis XVI), so Move is hedging its bets with joint ventures intended to enhance its mortgage and homebuilder services.

For now, Trulia seems to be going solo. Instead of partnering with any larger organizations, the company is trying its hand at grassroots marketing through a dozen or so blogs covering everything from celebrity homes to real estate agent advice columns.

My take
These three players are currently the three musketeers of online real estate, but this lucrative sector will undoubtedly see more competition as it continues to grow. Google (Nasdaq: GOOG ) left the sector in February 2011 because of "the proliferation of excellent property-search tools on real estate websites," but I wouldn't be surprised if it came back swinging in the next few years.

I don't see Move as a threat unless it gets serious about makings its larger budget count for something. Trulia's smaller than Zillow, but it's got teeth. It's stepped up its R&D to take back some of Zillow's market share and if it can consistently increase site traffic at a faster rate, it stands to come out ahead. Otherwise, Trulia's piece of the pie will continue to shrink thanks to Zillow's ever-growing network effect.

When Trulia has its IPO, I won't be buying, but I'll be watching. I've made an "underperform" CapsCall for Move and an "outperform" CapsCall for Zillow on my Motley Fool Caps page, but I'm undecided on Trulia's ultimate success or failure.

Leaderboard

Find the members with the highest scoring picks in MOVE.

Score Leader

EverydayInvestor

EverydayInvestor (< 20) Score: +145.86

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Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
SteadySaber < 20 2/12/2007 Underperform 5Y $25.92 -19.17% +89.59% +108.77 1 Comment
aflamm < 20 9/14/2006 Underperform NS $20.60 +1.70% +107.70% +106.00 0 Comment
rumblinantdc < 20 12/1/2009 Outperform 5Y $6.24 +235.74% +131.80% +103.94 0 Comment
NetscribeRetail 79.15 1/22/2007 Underperform 1Y $24.00 -12.71% +90.75% +103.46 3 Comments
NoMoreGoodNames 33.75 10/19/2006 Underperform 5Y $21.04 -0.43% +100.16% +100.58 0 Comment
JMullica85 72.93 10/18/2006 Underperform 5Y $21.32 -1.74% +98.71% +100.45 0 Comment
RagTimeCharley 84.43 3/16/2007 Underperform 5Y $22.00 -4.77% +95.12% +99.90 0 Comment
aedson 74.51 10/20/2006 Underperform 3W $20.80 +0.72% +99.33% +98.61 0 Comment
froschhosen < 20 10/6/2006 Underperform 1Y $20.00 +4.75% +103.29% +98.54 0 Comment
OilsTheOne4Me < 20 1/23/2012 Outperform 5Y $7.14 +193.42% +95.51% +97.91 0 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Player Name Player
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score End Date Commentary
TrackOppenheimer 66.44 5/7/2014 Outperform NS $11.56 +81.23% +37.18% +44.05 0 Comment
TrackTheBenchmar 81.46 9/30/2013 Outperform NS $16.53 +26.74% +53.52% -26.78 0 Comment
TrackUltraLong < 20 3/21/2013 Underperform NS $11.45 +82.97% +66.13% -16.83 1 Comment
TrackZacks < 20 10/12/2012 Outperform 3M $8.36 -9.57% -2.98% -6.59 11/12/2012 @ $7.56 1 Comment
TrackPoisedTo < 20 8/24/2012 Underperform 5Y $7.71 +171.73% +83.24% -88.48 0 Comment
trackbenchmark 99.59 6/26/2012 Outperform NS $8.62 +143.04% +95.22% +47.82 0 Comment
trackthinkequity 89.50 11/6/2009 Underperform NS $6.40 +227.34% +141.96% -85.38 0 Comment
TrackRonBaron 77.43 9/30/2007 Outperform NS $11.04 +89.76% +76.55% +13.21 3 Comments
TrackZacks < 20 5/23/2007 Underperform 3M $17.16 -31.93% -13.25% +18.68 3/20/2008 @ $11.68 1 Comment
TrackNeedham 91.52 5/2/2007 Outperform NS $16.84 -23.99% -6.59% -17.40 5/12/2008 @ $12.80 0 Comment
TrackRothCapital 72.18 1/25/2007 Underperform NS $25.32 -1.26% -1.10% +0.17 1/25/2007 @ $25.00 0 Comment
TrackMatrix < 20 10/5/2006 Outperform NS $20.60 -55.10% +2.36% -57.45 4/17/2012 @ $9.25 0 Comment
TrackJimCramer 84.96 3/17/2006 Underperform 3W $23.04 -9.07% +110.36% +119.43 0 Comment

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