Trulia Downgraded by Deutsche Bank to “Hold” (TRLA)
Trulia (NASDAQ:TRLA) was downgraded by stock analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $71.00 price objective on the stock, up from their previous price objective of $42.00. Deutsche Bank’s price target points to a potential upside of 17.30% from the company’s current price.
The analysts wrote, “Trulia reported another solid quarter with better than expected net new subs, ARPU, marketplace and display revenue and Adj EBITDA. The company guided to 2Q revenue above our and consensus estimates, though EBITDA guidance was slightly light. Traffic at core Trulia continues to accelerate and is tracking to a fourth month of acceleration in July. Over half of traffic and leads now come from mobile, where the company now has 40% TMA penetration on core Trulia subs. The strong results may help shares modestly but the pending transaction with Zillow puts more weight on Zillow’s results next week, which could likely show similar strength.”
In other Trulia news, VP Scott Darling sold 13,241 shares of Trulia stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $49.00, for a total value of $648,809.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of other analysts have also recently weighed in on TRLA. Analysts at Needham & Company LLC downgraded shares of Trulia from a “buy” rating to a “hold” rating in a research note on Tuesday. Separately, analysts at William Blair downgraded shares of Trulia from an “outperform” rating to a “market perform” rating in a research note on Monday. Finally, analysts at Susquehanna raised their price target on shares of Trulia from $37.00 to $54.00 in a research note on Monday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Trulia currently has an average rating of “Hold” and a consensus target price of $49.58.
Shares of Trulia (NASDAQ:TRLA) traded up 0.53% during mid-day trading on Tuesday, hitting $60.85. The stock had a trading volume of 183,985 shares. Trulia has a 1-year low of $26.35 and a 1-year high of $67.50. The stock has a 50-day moving average of $46.0 and a 200-day moving average of $37.02. The company’s market cap is $2.247 billion. Trulia also was the recipient of unusually large options trading on Tuesday. Stock investors acquired 19,647 call options on the company. This represents an increase of 592% compared to the typical daily volume of 2,839 call options.
Trulia (NASDAQ:TRLA) last released its earnings data on Thursday, July 31st. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.05. The company had revenue of $64.10 million for the quarter, compared to the consensus estimate of $62.32 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 115.8% 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 also offers a suite of free and subscription products that provide real estate professionals with access to transaction-ready consumers and help them to grow and manage their online presence.
Receive News & Ratings for Trulia Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trulia Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.