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

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

TRVG has been the subject of a number of other reports. UBS Group lowered their price target on trivago from $2.25 to $1.95 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Susquehanna lowered their price target on shares of trivago from $2.50 to $2.25 and set a “neutral” rating for the company 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $2.68.

trivago Stock Performance

Shares of trivago stock opened at $1.80 on Monday. trivago has a fifty-two week low of $1.60 and a fifty-two week high of $5.45. The firm has a 50-day simple moving average of $1.77 and a two-hundred day simple moving average of $2.04. The company has a market cap of $125.67 million, a P/E ratio of -0.61 and a beta of 1.63.

Institutional Trading of trivago

A number of large investors have recently made changes to their positions in TRVG. BNP Paribas Financial Markets acquired a new position in trivago in the first quarter valued at $173,000. Acadian Asset Management LLC boosted its holdings in 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 in the last quarter. Finally, Tidal Investments LLC acquired a new position in trivago during the first quarter worth about $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.