Trulia Director Sami Inkinen Sells 8,300 Shares (TRLA)
Trulia (NASDAQ:TRLA) Director Sami Inkinen sold 8,300 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $47.84, for a total value of $397,072.00. Following the sale, the director now directly owns 645,652 shares in the company, valued at approximately $30,887,992. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on TRLA shares. Analysts at Zacks upgraded shares of Trulia from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $48.40 price target on the stock. Separately, analysts at Oppenheimer initiated coverage on shares of Trulia in a research note on Thursday, June 19th. They set a “market perform” rating on the stock. Finally, analysts at RBC Capital downgraded shares of Trulia from an “outperform” rating to a “sector perform” rating in a research note on Thursday, June 19th. They now have a $45.00 price target on the stock. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $39.82.
Trulia (NASDAQ:TRLA) traded down 2.09% during mid-day trading on Tuesday, hitting $46.39. 1,270,435 shares of the company’s stock traded hands. 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 $39.73 and its 200-day moving average is $35.09. The company’s market cap is $1.713 billion.
Trulia (NASDAQ:TRLA) last issued its quarterly earnings data 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.
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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