NEW YORK (TheStreet) -- Shares of Zillow (Z) - Get Report are up 4.84% to $111.65 in morning trading after the real estate information company announced that it expects to close the previously announced acquisition of Trulia (TRLA) , the real estate search engine company, as early as today.
Based on Zillow's offer to buy each Trulia share for 0.444 of each Zillow share, the deal is now worth about $1.78 billion, Bloomberg noted.
Separately, Zillow reported fourth quarter earnings of 24 cents on revenue of $92.3 million on Friday. Earnings fell short of the Reuters' estimates of 28 cents, partly because of the pending acquisition, while revenue beat estimates of $90 million.
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TheStreet Ratings team rates ZILLOW INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ZILLOW INC (Z) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share."
You can view the full analysis from the report here: Z Ratings Report