StockNews.com started coverage on shares of trivago (NASDAQ:TRVG – Get Free Report) 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.
Read Our Latest Analysis on trivago
trivago Stock Up 0.5 %
trivago (NASDAQ:TRVG – Get Free Report) 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.
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