RBC Capital Downgrades Trulia (TRLA) to Sector Perform

RBC Capital downgraded Trulia (NYSE: TRLA) from Outperform to Sector Perform with a price target of $45.00 on valuation.

Analyst Mark Mahaney comments, "YTD, TRLA shares have significantly outperformed the market, up 28%, vs. the S&P 500 which is up 6%, and the company has managed to fare well through the Internet Sector’s turbulent past few months. TRLA’s solid fundamentals have made this relative outperformance justified. However, with the stock now trading at 39X ’15 EV/EBITDA and 6.8X ’15 P/S, we don’t see room for material upside. We now see more compelling Risk-Reward elsewhere in the Internet Small Cap sector."

For an analyst ratings summary and ratings history on Trulia click here. For more ratings news on Trulia click here.

Shares of Trulia closed at $45.10 yesterday.

You May Also Be Interested In

• HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
• Deutsche Bank Downgrades Tesla (TSLA) to Hold, 'Considerable risk from “going balls to the wall for autonomy”'
• Westamerica Bancorp (WABC) PT Lowered to $50 at Piper Sandler