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

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

Separately, Susquehanna dropped their target price 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, trivago currently has an average rating of “Hold” and a consensus price target of $2.75.

trivago Trading Up 1.2 %

Shares of TRVG stock opened at $1.72 on Thursday. The stock has a 50 day simple moving average of $1.93 and a 200 day simple moving average of $2.21. trivago has a 1 year low of $1.61 and a 1 year high of $5.90. The stock has a market cap of $120.09 million, a P/E ratio of -0.61 and a beta of 1.62.

trivago (NASDAQ:TRVG) last released its earnings results on Tuesday, July 30th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The company 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 period in the prior year, the firm posted $0.10 EPS. Analysts forecast that trivago will post -0.1 EPS for the current year.

Institutional Trading of trivago

Several large investors have recently bought and sold shares of TRVG. Tidal Investments LLC bought a new position in shares of trivago in the first quarter worth about $393,000. Acadian Asset Management LLC lifted its stake 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 purchasing an additional 67,053 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in trivago in the first quarter valued at approximately $173,000. Finally, Quadrature Capital Ltd bought a new stake in shares of trivago during the fourth quarter worth $67,000. 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.