Susquehanna Lowers trivago (NASDAQ:TRVG) Price Target to $1.75

trivago (NASDAQ:TRVG) had its price target dropped by Susquehanna from $2.25 to $1.75 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Susquehanna’s target price would indicate a potential upside of 2.34% from the stock’s current price.

A number of other research firms have also weighed in on TRVG. StockNews.com started coverage on trivago in a research note on Monday. They issued a “buy” rating for the company. UBS Group lowered their target price on trivago from $2.25 to $1.95 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $2.55.

trivago Stock Performance

trivago stock traded down $0.02 during midday trading on Thursday, hitting $1.71. 25,429 shares of the company’s stock were exchanged, compared to its average volume of 59,064. trivago has a 52-week low of $1.60 and a 52-week high of $5.35. The stock has a 50-day moving average price of $1.77 and a two-hundred day moving average price of $2.04. The company has a market cap of $119.39 million, a P/E ratio of -0.58 and a beta of 1.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TRVG. BNP Paribas Financial Markets purchased a new position in shares of trivago during the 1st quarter worth approximately $173,000. Acadian Asset Management LLC grew its stake in shares of trivago by 10.3% in the 1st 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 purchased a new stake in trivago during the 1st quarter valued at $393,000. Hedge funds and other institutional investors 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.