trivago (NASDAQ:TRVG) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of trivago (NASDAQ:TRVG) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating on the technology company’s stock.

Several other research firms have also recently issued reports on TRVG. UBS Group cut their target price on trivago from $2.25 to $1.95 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Susquehanna reduced their price objective on shares of trivago from $2.25 to $1.75 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, trivago presently has an average rating of “Hold” and a consensus target price of $2.55.

trivago Stock Performance

Shares of TRVG stock opened at $2.17 on Thursday. The stock has a fifty day simple moving average of $1.73 and a two-hundred day simple moving average of $1.97. The firm has a market capitalization of $151.77 million, a PE ratio of -31.00 and a beta of 1.63. trivago has a 52-week low of $1.60 and a 52-week high of $3.29.

Hedge Funds Weigh In On trivago

An institutional investor recently bought a new position in trivago stock. Tidal Investments LLC bought a new stake in shares of trivago (NASDAQ:TRVG) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 142,358 shares of the technology company’s stock, valued at approximately $393,000. Tidal Investments LLC owned about 0.20% of trivago as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 4.50% of the company’s stock.

About trivago

trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, Canada, Japan, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels.