Trulia Shares Down 6.4% After Insider Selling (TRLA)
Trulia (NASDAQ:TRLA) dropped 6.4% during mid-day trading on Tuesday after an insider sold shares in the company, StockRatingsNetwork.com reports. The stock traded as low as $41.15 and last traded at $42.07, with a volume of 888,918 shares changing hands. The stock had previously closed at $44.93.
Specifically, Director Sami Inkinen unloaded 8,300 shares of the company’s stock on the open market in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $45.57, for a total transaction of $378,231.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on TRLA shares. Analysts at Macquarie initiated coverage on shares of Trulia in a research note on Tuesday. They set an “outperform” rating on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.82.
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 posted its quarterly earnings results 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. Analysts expect that Trulia will post $-0.35 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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