Tripadvisor, Inc. (NASDAQ:TRIP) Receives $21.76 Average Target Price from Analysts

Tripadvisor, Inc. (NASDAQ:TRIP) has earned a consensus rating of “Hold” from the eighteen analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $21.76.

Several research firms recently issued reports on TRIP. Wedbush reissued a “neutral” rating and issued a $21.00 target price on shares of Tripadvisor in a research report on Friday, May 24th. DA Davidson downgraded Tripadvisor from a “buy” rating to a “neutral” rating and cut their target price for the company from $31.00 to $20.00 in a research report on Thursday, May 9th. Barclays cut their target price on Tripadvisor from $20.00 to $15.00 and set an “underweight” rating on the stock in a research report on Friday, May 10th. Truist Financial cut their price target on Tripadvisor from $28.00 to $21.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Finally, The Goldman Sachs Group cut their price target on Tripadvisor from $34.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th.

Tripadvisor Stock Performance

Shares of TRIP opened at $17.76 on Wednesday. Tripadvisor has a 12 month low of $14.15 and a 12 month high of $28.76. The stock has a fifty day moving average price of $20.85 and a 200-day moving average price of $22.76. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.08. The firm has a market cap of $2.47 billion, a PE ratio of 118.41, a P/E/G ratio of 1.61 and a beta of 1.44.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, May 8th. The travel company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.08. Tripadvisor had a return on equity of 12.03% and a net margin of 1.32%. The firm had revenue of $395.00 million for the quarter, compared to the consensus estimate of $390.93 million. Equities research analysts predict that Tripadvisor will post 0.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

A number of institutional investors have recently modified their holdings of TRIP. DekaBank Deutsche Girozentrale lifted its stake in Tripadvisor by 9,356.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 195,467 shares of the travel company’s stock valued at $5,477,000 after buying an additional 193,400 shares in the last quarter. Boston Partners purchased a new position in Tripadvisor in the 1st quarter valued at about $131,887,000. Tidal Investments LLC purchased a new position in Tripadvisor in the 1st quarter valued at about $4,638,000. Bayesian Capital Management LP purchased a new position in Tripadvisor in the 1st quarter valued at about $253,000. Finally, Delap Wealth Advisory LLC purchased a new position in Tripadvisor in the 1st quarter valued at about $285,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.