Trulia Upgraded to Outperform by RBC Capital (TRLA)
Trulia (NASDAQ:TRLA) was upgraded by research analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a report released on Friday, TheFlyOnTheWall.com reports.
In other Trulia news, Director Sami Inkinen unloaded 5,800 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $33.77, for a total transaction of $195,866.00. Following the completion of the sale, the director now directly owns 873,953 shares of the company’s stock, valued at approximately $29,513,393. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Trulia (NASDAQ:TRLA) traded down 1.48% on Friday, hitting $34.69. The stock had a trading volume of 706,027 shares. Trulia has a one year low of $17.17 and a one year high of $52.71. The stock has a 50-day moving average of $33.58 and a 200-day moving average of $39.16. The company’s market cap is $1.294 billion.
Trulia (NASDAQ:TRLA) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.11. The company had revenue of $40.30 million for the quarter, compared to the consensus estimate of $35.87 million. During the same quarter last year, the company posted ($0.10) earnings per share. Trulia’s revenue was up 117.8% compared to the same quarter last year. Analysts expect that Trulia will post $0.63 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on TRLA. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Trulia in a research note to investors on Friday, December 13th. They now have a $55.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Trulia from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. Finally, analysts at Zacks upgraded shares of Trulia from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 20th. They now have a $38.60 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Trulia presently has a consensus rating of “Buy” and an average price target of $49.92.
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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