Trulia (TRLA) Downgraded to Market Perform at William Blair

Trulia Inc (TRLA), whose $3.5 billion acquisition by Zillow Inc. (Z) will create an entity that will have a significant hold of the online real estate listing industry, was downgraded to ‘Market Perform’ from ‘Outperform’ at William Blair today. The stock closed Friday at $56.35 on volume of 6.4 million shares, 4.7 million above ticker’s average daily volume of 1.7 million.

A number of other investment firms have also recently commented on Trulia. Analysts at Barclays Plc (BCS) maintained an ‘Equal-weight’ rating and a price target of $45.00 on shares of the company in a research note on Thursday, July 17th. Separately, analysts at RBC Capital downgraded their rating on shares of the company to ‘Sector Perform’ from ‘Outperform’ in a research note on Thursday, June 19th. Finally, analysts at Oppenheimer and CRT Capital initiated coverage on TRLA in a report released on June 19, and April 1, respectively. The firms set a ‘Perform’ and ‘Fair Value’ rating on the stock.

Trulia shares currently trade at a problematic trailing 12-month forward P/E of 326, and a negative P/E to growth ratio of 4.80. The median Wall Street price target on the company’s stock is $41.50 per share with a high target of $56.00 per share.

In terms of profitability, Trulia’s trailing-12 profit margin currently is in negative territory, recording the books at -17.75%. Same thing appears in its operating margin metric, which is 17.17% in the red. The $2.33 billion market cap company reported $220 million in cash vs. $230 in debt in its most recent quarter.

In today’s session, the equity is almost 12% higher, changing hands at $63.13 a share.

Trulia Inc provides tools to research homes and neighborhoods for consumers through Web and mobile applications. The company was founded in 2005 and is headquartered in San Francisco, California.

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