Trulia Rating Reiterated by JPMorgan Chase & Co. (TRLA)
Trulia (NASDAQ:TRLA)‘s stock had its “overweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Wednesday, Analyst Ratings News reports. They currently have a $41.00 target price on the stock, down from their previous target price of $44.00. JPMorgan Chase & Co.’s price target would indicate a potential upside of 24.58% from the company’s current price.
In other Trulia news, Director Sami Inkinen sold 9,550 shares of the stock on the open market in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $34.46, for a total value of $329,093.00. Following the completion of the transaction, the director now directly owns 753,653 shares of the company’s stock, valued at approximately $25,970,882. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Trulia (NASDAQ:TRLA) traded up 3.65% on Wednesday, hitting $34.11. The stock had a trading volume of 2,347,561 shares. Trulia has a 52-week low of $26.35 and a 52-week high of $52.71. The stock’s 50-day moving average is $33.07 and its 200-day moving average is $34.84. The company’s market cap is $1.256 billion.
Trulia (NASDAQ:TRLA) last announced its earnings results on Tuesday, April 29th. The company reported ($0.14) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.12) by $0.02. The company had revenue of $54.50 million for the quarter, compared to the consensus estimate of $53.46 million. During the same quarter last year, the company posted ($0.02) earnings per share. Trulia’s revenue was up 127.1% compared to the same quarter last year. Analysts expect that Trulia will post $-0.26 EPS for the current fiscal year.
A number of other firms have also recently commented on TRLA. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Trulia in a research note on Wednesday. They now have a $42.00 price target on the stock, down previously from $44.00. Separately, analysts at Zacks upgraded shares of Trulia from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $31.80 price target on the stock. Finally, analysts at CRT Capital initiated coverage on shares of Trulia in a research note on Friday, April 11th. They set a “fair value” rating and a $37.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $40.48.
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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