Insider Selling: Ian H. Morris Unloads 5,584 Shares of Trulia Stock (TRLA)
Trulia (NASDAQ:TRLA) Insider Ian H. Morris unloaded 5,584 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $43.39, for a total value of $242,289.76. Following the sale, the insider now directly owns 10,709 shares of the company’s stock, valued at approximately $464,664. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on TRLA. Analysts at Oppenheimer initiated coverage on shares of Trulia in a research note on Thursday. They set a “market perform” rating on the stock. Separately, 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. Finally, analysts at Needham & Company LLC reiterated a “positive” rating on shares of Trulia in a research note on Thursday, June 5th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Trulia has an average rating of “Hold” and a consensus price target of $38.16.
Trulia (NASDAQ:TRLA) traded up 0.77% during mid-day trading on Monday, hitting $44.34. The stock had a trading volume of 1,450,483 shares. Trulia has a 52 week low of $26.35 and a 52 week high of $52.71. The stock has a 50-day moving average of $37.66 and a 200-day moving average of $34.49. The company’s market cap is $1.637 billion.
Trulia (NASDAQ:TRLA) last released its 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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