Insider Selling: Paul Levine Unloads 10,000 Shares of Trulia Stock (TRLA)
Trulia (NASDAQ:TRLA) COO Paul Levine unloaded 10,000 shares of Trulia stock on the open market in a transaction dated Monday, September 16th. The shares were sold at an average price of $50.05, for a total transaction of $500,500.00. Following the completion of the sale, the chief operating officer now directly owns 47,448 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
TRLA has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of Trulia (NASDAQ:TRLA) from $47.00 to $50.00 in a research note to investors on Friday, September 6th. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Trulia (NASDAQ:TRLA) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 3rd. They now have a $42.50 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Trulia (NASDAQ:TRLA) to $51.00 in a research note to investors on Wednesday, August 21st.
One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $48.50.
Shares of Trulia (NASDAQ:TRLA) traded down 1.59% during mid-day trading on Monday, hitting $48.15. 913,602 shares of the company’s stock traded hands. Trulia has a one year low of $14.69 and a one year high of $50.14. The stock has a 50-day moving average of $43.30 and a 200-day moving average of $34.35. The company’s market cap is $1.566 billion.
Trulia (NASDAQ:TRLA) last released its earnings data on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.01. The company had revenue of $29.70 million for the quarter, compared to the consensus estimate of $27.69 million. The company’s quarterly revenue was up 76.6% on a year-over-year basis. On average, analysts predict that Trulia will post $0.22 earnings per share for the current fiscal year.
Trulia, Inc is a real estate search engine company. The Company offers free and subscription products that provide real estate professionals with access to transaction-ready consumers and help them enhance their online presence.
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