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

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

Several other analysts also recently commented on TRVG. Susquehanna dropped their price objective on shares of trivago from $2.25 to $1.75 and set a “neutral” rating on the stock in a report on Thursday, November 7th. UBS Group decreased 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $2.55.

trivago Stock Down 0.6 %

Shares of NASDAQ TRVG opened at $1.68 on Wednesday. trivago has a 52 week low of $1.60 and a 52 week high of $3.29. The business’s 50 day moving average price is $1.70 and its 200 day moving average price is $1.97. The firm has a market cap of $117.30 million, a P/E ratio of -24.00 and a beta of 1.63.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TRVG. BNP Paribas Financial Markets acquired a new stake in shares of trivago during the 1st quarter worth approximately $173,000. Acadian Asset Management LLC lifted 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 valued at $1,966,000 after purchasing an additional 67,053 shares during the period. Finally, Tidal Investments LLC purchased a new stake in trivago during the first quarter worth $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.