Trulia Shares Down 5.3% After Insider Selling (TRLA)
Shares of Trulia (NASDAQ:TRLA) fell 5.3% during mid-day trading on Friday after an insider sold shares in the company, American Banking & Market News reports. The stock traded as low as $37.68 and last traded at $37.90, with a volume of 1,044,251 shares trading hands. The stock had previously closed at $40.01.
Specifically, Director Sami Inkinen unloaded 4,000 shares of the stock on the open market in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $41.00, for a total value of $164,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
TRLA has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Trulia from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 20th. They now have a $33.40 price target on the stock. Separately, analysts at TheStreet downgraded shares of Trulia from a “hold” rating to a “sell” rating in a research note on Wednesday, May 14th. Finally, 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. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $40.64.
The stock’s 50-day moving average is $33.68 and its 200-day moving average is $33.78. The company’s market cap is $1.409 billion.
Trulia (NASDAQ:TRLA) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 127.1% on a year-over-year basis. On average, analysts predict that Trulia will post $-0.36 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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