Shares of trivago (NASDAQ:TRVG – Get Rating) received an average recommendation of “Hold” by the seven research firms that currently cover the company, Marketbeat.com reports. Four research analysts rated the stock with a hold rating and one assigned the company a buy rating. The average 1-year target price among brokerages that have hedged the stock over the past year is $2.71.
Several research companies have recently weighed in on TRVG. Mizuho lowered its price target on trivago from $3.60 to $3.00 in a Thursday, May 5 report. StockNews.com upgraded trivago from a “strong buy” rating to a “buy” rating in a Wednesday, May 4 research rating. TheStreet upgraded trivago’s shares from a “c-” to a “d+” rating in a Monday, June 6 research note. Citigroup cut its price target on trivago shares from $2.65 to $2.50 and set a “neutral” rating for the company in a Wednesday, April 20 research report. Finally, Morgan Stanley cut its price target on trivago shares from $2.60 to $2.40 and set an “equal weight” rating for the company in a Friday, May 20 report.
A number of hedge funds have recently bought and sold shares of TRVG. Mirae Asset Global Investments Co. Ltd. increased its position in trivago shares by 2.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 162,079 shares of the technology company worth $353,000 after acquiring 4,642 additional shares in the last quarter. Bank of America Corp DE increased its position in trivago shares by 11,846.0% in the first quarter. Bank of America Corp DE now owns 11,946 shares of the technology company worth $28,000 after buying 11,846 additional shares during the period. Fulton Bank NA acquired a new equity stake in trivago in the first quarter worth approximately $29,000. Cetera Advisor Networks LLC increased its stake in trivago shares by 100.0% during the 3rd quarter. Cetera Advisor Networks LLC now owns 40,000 shares of the technology company valued at $99,000 after purchasing an additional 20,000 shares during the period. Finally, Compagnie Lombard Odier SCmA increased its position in trivago by 25.0% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 100,000 shares of the technology company worth $236,000 after acquiring an additional 20,000 shares last quarter. 9.00% of the shares are held by hedge funds and other institutional investors.
TRVG stock opened at $1.50 on Friday. trivago has a fifty-two week minimum of $1.44 and a fifty-two week maximum of $3.20. The company’s 50-day moving average price is $1.69 and its 200-day moving average price is $2.04. The company has a market capitalization of $538.00 million, a price/earnings ratio of 50.02 and a beta of 1.61.
trivago (NASDAQ:TRVG – Get Rating) last released its quarterly results on Monday, May 2. The technology company reported earnings per share of $0.02 for the quarter, meeting analyst consensus estimates of $0.02. The company posted revenue of $114.04 million for the quarter, compared to $135.43 million expected by analysts. trivago achieved a return on equity of 3.42% and a net margin of 1.72%. As a group, sell-side analysts expect trivago to post earnings per share of 0.05 for the current fiscal year.
company profile trivago (Get an assessment)
trivago NV, together with its subsidiaries, operates a hotel and accommodation search platform in the US, Germany, UK and internationally. It offers an online meta search for hotels and accommodations through online travel agencies, hotel chains and independent hotels. The company provides access to its platform through 53 localized websites and apps in 31 languages.
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