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

StockNews.com started coverage on shares of trivago (NASDAQ:TRVG) in a research report issued to clients and investors on Sunday. The firm set a “buy” rating on the technology company’s stock.

Separately, Susquehanna dropped their price objective on shares of trivago from $2.50 to $2.25 and set a “neutral” rating for the company in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.36.

trivago Stock Up 0.5 %

TRVG opened at $2.02 on Friday. trivago has a twelve month low of $1.80 and a twelve month high of $6.21. The company has a 50-day moving average price of $2.06 and a 200 day moving average price of $2.33. The company has a market cap of $141.04 million, a PE ratio of -0.72 and a beta of 1.62.

trivago (NASDAQ:TRVG) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). trivago had a negative net margin of 41.42% and a positive return on equity of 1.30%. The firm had revenue of $127.62 million during the quarter, compared to the consensus estimate of $127.25 million. During the same quarter in the prior year, the firm earned $0.10 EPS. As a group, sell-side analysts expect that trivago will post -0.1 earnings per share for the current year.

Institutional Trading of trivago

Several hedge funds have recently made changes to their positions in TRVG. Inflection Point Investments LLP purchased a new stake in shares of trivago in the 4th quarter valued at approximately $572,000. Quadrature Capital Ltd purchased a new stake in shares of trivago in the 4th quarter valued at approximately $67,000. BNP Paribas Financial Markets acquired a new stake in trivago in the 1st quarter valued at approximately $173,000. Acadian Asset Management LLC increased its holdings 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. Finally, Tidal Investments LLC acquired a new stake in trivago in the 1st quarter valued at approximately $393,000. Hedge funds and other institutional investors own 4.50% of the company’s stock.

trivago Company Profile

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.