trivago (NASDAQ:TRVG) Now Covered by Analysts at StockNews.com

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

A number of other brokerages have also recently weighed in on TRVG. Susquehanna lowered their price target on trivago from $2.50 to $2.25 and set a “neutral” rating on the stock in a research report on Thursday, August 1st. UBS Group dropped their target price on shares of trivago from $2.25 to $1.95 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $2.68.

trivago Stock Performance

Shares of trivago stock opened at $1.69 on Friday. The firm has a market cap of $117.76 million, a P/E ratio of -0.60 and a beta of 1.62. The firm’s 50-day simple moving average is $1.80 and its 200-day simple moving average is $2.07. trivago has a twelve month low of $1.60 and a twelve month high of $5.80.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRVG. BNP Paribas Financial Markets acquired a new stake in trivago in the 1st quarter valued at about $173,000. Acadian Asset Management LLC boosted 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 buying an additional 67,053 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of trivago in the 1st quarter valued at $393,000. Institutional investors and hedge funds 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.