StockNews.com Begins Coverage on trivago (NASDAQ:TRVG)

StockNews.com started coverage on shares of trivago (NASDAQ:TRVG) in a research note released on Saturday morning. The brokerage issued a buy rating on the technology company’s stock.

Separately, Susquehanna lowered their price objective on shares of trivago from $2.50 to $2.25 and set a “neutral” rating for the company in a research 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 stock. Based on data from MarketBeat.com, trivago currently has a consensus rating of “Hold” and an average target price of $2.75.

trivago Price Performance

NASDAQ:TRVG opened at $1.68 on Friday. The company’s 50-day moving average is $1.85 and its two-hundred day moving average is $2.12. The firm has a market capitalization of $117.30 million, a price-to-earnings ratio of -0.57 and a beta of 1.62. trivago has a 1-year low of $1.61 and a 1-year high of $5.90.

trivago (NASDAQ:TRVG) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $127.62 million for the quarter, compared to analyst estimates 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 in the prior year, the company posted $0.10 EPS. As a group, equities analysts anticipate that trivago will post -0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TRVG. Quadrature Capital Ltd purchased a new stake in shares of trivago in the 4th quarter valued at about $67,000. BNP Paribas Financial Markets purchased a new stake in shares of trivago in the first quarter valued at about $173,000. Tidal Investments LLC purchased a new position in shares of trivago during the first quarter worth about $393,000. Finally, Acadian Asset Management LLC increased its position in trivago by 10.3% in the 1st quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock valued at $1,966,000 after acquiring an additional 67,053 shares during the period. 4.50% of the stock is owned by hedge funds and other institutional investors.

trivago Company Profile

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.