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Trulia (NASDAQ:TRLA) was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday, reports.

Shares of Trulia (NASDAQ:TRLA) traded up 9.55% on Monday, hitting $61.7295. 7,285,706 shares of the company’s stock traded hands. Trulia has a 1-year low of $26.35 and a 1-year high of $57.47. The stock has a 50-day moving average of $43.40 and a 200-day moving average of $36.31. The company’s market cap is $2.279 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. Analysts expect that Trulia will post $-0.35 EPS for the current fiscal year.

In other Trulia news, Director Sami Inkinen sold 8,300 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $39.92, for a total value of $331,336.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Several other analysts have also recently commented on the stock. Analysts at Susquehanna raised their price target on shares of Trulia from $37.00 to $54.00 in a research note on Monday. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Trulia in a research note on Thursday, July 17th. They now have a $45.00 price target on the stock, up previously from $38.00. Finally, analysts at Macquarie initiated coverage on shares of Trulia in a research note on Tuesday, July 8th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.27.

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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