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

StockNews.com began coverage on shares of trivago (NASDAQ:TRVG) in a research report sent to investors on Sunday morning. The firm issued a buy rating on the technology company’s stock.

Several other equities research analysts have also issued reports on TRVG. Susquehanna reduced their price objective on shares of trivago from $2.50 to $2.25 and set a “neutral” rating for the company in a research note on Thursday, August 1st. UBS Group reduced their price target on trivago from $2.25 to $1.95 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.68.

trivago Price Performance

TRVG opened at $1.69 on Friday. The company has a market capitalization of $117.76 million, a PE ratio of -0.60 and a beta of 1.62. The business has a 50-day moving average of $1.80 and a 200-day moving average of $2.07. trivago has a fifty-two week low of $1.60 and a fifty-two week high of $5.80.

trivago (NASDAQ:TRVG) last posted its earnings results on Tuesday, July 30th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $127.62 million during the quarter, compared to analysts’ expectations of $127.25 million. trivago had a negative net margin of 41.42% and a positive return on equity of 1.30%. During the same period in the previous year, the company earned $0.10 earnings per share. On average, equities research analysts expect that trivago will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On trivago

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets acquired a new position in shares of trivago during the 1st quarter worth about $173,000. Acadian Asset Management LLC lifted its holdings in shares of trivago by 10.3% during the first quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock worth $1,966,000 after buying an additional 67,053 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of trivago during the first quarter worth approximately $393,000. 4.50% of the stock is owned by institutional investors and hedge funds.

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.