trivago (NASDAQ:TRVG) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of trivago (NASDAQ:TRVG) in a research note issued to investors on Friday. The brokerage set a “buy” rating on the technology company’s stock.

Separately, Susquehanna decreased their price target on trivago from $2.50 to $2.25 and set a “neutral” rating on the stock in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $2.75.

trivago Stock Performance

Shares of NASDAQ:TRVG opened at $1.69 on Friday. The business has a fifty day moving average of $1.90 and a 200-day moving average of $2.17. trivago has a twelve month low of $1.61 and a twelve month high of $5.90.

trivago (NASDAQ:TRVG) last posted its quarterly earnings results on Tuesday, July 30th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $127.62 million for the quarter, compared to analysts’ expectations of $127.25 million. trivago had a positive return on equity of 1.30% and a negative net margin of 41.42%. During the same quarter last year, the business earned $0.10 earnings per share. As a group, research analysts forecast that trivago will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On trivago

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRVG. Quadrature Capital Ltd bought a new position in trivago during the fourth quarter worth about $67,000. BNP Paribas Financial Markets acquired a new stake in trivago during the 1st quarter worth approximately $173,000. Tidal Investments LLC bought a new position in trivago in the first quarter valued at approximately $393,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of trivago by 10.3% in the first quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock valued at $1,966,000 after buying an additional 67,053 shares during the period. Institutional investors 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.