Trulia Downgraded to “Sell” at TheStreet (TRLA)
Trulia (NASDAQ:TRLA) was downgraded by stock analysts at TheStreet from a “hold” rating to a “sell” rating in a report issued on Wednesday, AnalystRatings.Net reports.
The analysts wrote, “Trulia (TRLA) has been downgraded by TheStreet Ratings from hold to sell. The company’s weaknesses can be seen in multiple areas, such as its deteriorating net income, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.”
Trulia (NASDAQ:TRLA) traded up 0.51% on Wednesday, hitting $31.41. The stock had a trading volume of 448,835 shares. Trulia has a one year low of $26.35 and a one year high of $52.71. The stock’s 50-day moving average is $33.02 and its 200-day moving average is $33.97. The company’s market cap is $1.160 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. On average, analysts predict that Trulia will post $-0.36 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Trulia in a research note on Wednesday, April 30th. They now have a $41.00 price target on the stock, down previously from $44.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Trulia in a research note on Wednesday, April 30th. They now have a $42.00 price target on the stock, down previously from $44.00. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $40.48.
In other Trulia news, CEO Peter Flint unloaded 8,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $31.02, for a total value of $248,160.00. Following the sale, the chief executive officer now directly owns 1,428,999 shares of the company’s stock, valued at approximately $44,327,549. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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