Trulia Lifted to “Neutral” at Zacks (TRLA)
Trulia (NASDAQ:TRLA) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Thursday. The firm currently has a $62.50 price target on the stock. Zacks‘s target price would suggest a potential upside of 1.63% from the company’s current price.
Shares of Trulia (NASDAQ:TRLA) traded down 0.13% on Thursday, hitting $61.42. 625,940 shares of the company’s stock traded hands. 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 $53.60 and a 200-day moving average of $40.25. The company’s market cap is $2.291 billion.
Trulia (NASDAQ:TRLA) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.11) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 115.8% on a year-over-year basis. Analysts expect that Trulia will post $-0.28 EPS for the current fiscal year.
TRLA has been the subject of a number of other recent research reports. 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $53.05.
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.
To view Zacks’ full report, visit Zacks’ official website.
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