trivago (NASDAQ:TRVG) Sees Significant Growth in Short Interest

trivago (NASDAQ:TRVG) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 60,900 shares, an increase of 16.9% from the August 15th total of 52,100 shares. Based on an average daily trading volume, of 47,500 shares, the short-interest ratio is presently 1.3 days. Currently, 0.3% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Susquehanna reduced their target price on trivago from $2.50 to $2.25 and set a “neutral” rating on the stock in a report on Thursday, August 1st. StockNews.com started coverage on trivago in a report on Monday, September 9th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $2.75.

trivago Stock Performance

TRVG stock traded down $0.02 during midday trading on Monday, reaching $1.78. The company’s stock had a trading volume of 1,204 shares, compared to its average volume of 62,061. The firm has a market capitalization of $124.28 million, a price-to-earnings ratio of -0.64 and a beta of 1.62. trivago has a 1 year low of $1.76 and a 1 year high of $5.90. The stock has a fifty day simple moving average of $2.04 and a two-hundred day simple moving average of $2.29.

trivago (NASDAQ:TRVG) last issued its earnings results on Tuesday, July 30th. The technology company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). trivago had a negative net margin of 41.42% and a positive return on equity of 1.30%. The business had revenue of $127.62 million for the quarter, compared to analyst estimates of $127.25 million. During the same period last year, the company posted $0.10 earnings per share. As a group, analysts forecast that trivago will post -0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On trivago

Several hedge funds have recently modified their holdings of TRVG. Acadian Asset Management LLC boosted its stake in trivago by 10.3% in the first quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock valued at $1,966,000 after acquiring an additional 67,053 shares in the last quarter. Tidal Investments LLC acquired a new position in trivago during the 1st quarter valued at about $393,000. BNP Paribas Financial Markets purchased a new stake in trivago in the first quarter valued at about $173,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of trivago during the fourth quarter worth about $67,000. 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.