Insider Selling: Paul M. Levine Sells 20,000 Shares of Trulia Stock (TRLA)
Trulia (NASDAQ:TRLA) COO Paul M. Levine sold 20,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $47.34, for a total transaction of $946,800.00. Following the sale, the chief operating officer now directly owns 74,899 shares of the company’s stock, valued at approximately $3,545,719. 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 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 analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $39.82.
Trulia (NASDAQ:TRLA) traded down 0.50% on Wednesday, hitting $46.16. The stock had a trading volume of 872,743 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 $40.60 and a 200-day moving average of $35.27. The company’s market cap is $1.704 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.