Trulia Now Covered by Macquarie (TRLA)
Equities research analysts at Macquarie assumed coverage on shares of Trulia (NASDAQ:TRLA) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Trulia (NASDAQ:TRLA) traded down 7.26% on Tuesday, hitting $41.67. 1,646,800 shares of the company’s stock traded hands. 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 $41.85 and a 200-day moving average of $35.61. The company’s market cap is $1.539 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 $-0.35 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on TRLA. Analysts at Zacks upgraded shares of Trulia from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. 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 issued a hold rating and four have issued a buy rating to the company. Trulia has a consensus rating of “Hold” and a consensus target price of $39.82.
In other Trulia news, Director Sami Inkinen sold 8,300 shares of the stock on the open market in a transaction dated Monday, July 7th. The shares were sold at an average price of $45.57, for a total value of $378,231.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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