Trulia Receives Consensus Recommendation of “Hold” from Analysts (NASDAQ:TRLA)
Trulia (NASDAQ:TRLA) has received an average recommendation of “Hold” from the fifteen ratings firms that are covering the company, American Banking News reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $52.82.
A number of research firms have recently commented on TRLA. Analysts at Macquarie raised their price target on shares of Trulia from $56.00 to $70.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Trulia from $45.00 to $64.00 in a research note on Friday, August 1st. Finally, analysts at Deutsche Bank cut their price target on shares of Trulia from $71.00 to $64.00 in a research note on Friday, August 1st.
Shares of Trulia (NASDAQ:TRLA) traded up 1.13% on Thursday, hitting $60.19. The stock had a trading volume of 66,590 shares. Trulia has a 52-week low of $26.35 and a 52-week high of $67.50. The stock has a 50-day moving average of $51.44 and a 200-day moving average of $39.2. The company’s market cap is $2.246 billion.
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. On average, analysts predict that Trulia will post $-0.28 earnings per share for the current fiscal year.
In other Trulia news, Director Gregory Waldorf unloaded 2,839 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $57.39, for a total value of $162,930.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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.
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