Oppenheimer Initiates Coverage on Trulia (TRLA)
Investment analysts at Oppenheimer began coverage on shares of Trulia (NASDAQ:TRLA) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
In other Trulia news, Director Sami Inkinen sold 8,300 shares of the stock on the open market in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $43.11, for a total transaction of $357,813.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Trulia (NASDAQ:TRLA) traded down 2.55% during mid-day trading on Thursday, hitting $43.95. 1,467,357 shares of the company’s stock traded hands. Trulia has a 1-year low of $26.35 and a 1-year high of $52.71. The stock has a 50-day moving average of $36.84 and a 200-day moving average of $34.19. The company’s market cap is $1.623 billion.
Trulia (NASDAQ:TRLA) last posted its quarterly 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 $-0.36 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on TRLA. Analysts at RBC Capital downgraded shares of Trulia from an “outperform” rating to a “sector perform” rating in a research note on Thursday. They now have a $45.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Needham & Company LLC reiterated a “positive” rating on shares of Trulia in a research note on Thursday, June 5th. Finally, 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. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.16.
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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