Tripadvisor (NASDAQ:TRIP) Earns Underweight Rating from Cantor Fitzgerald

Cantor Fitzgerald reiterated their underweight rating on shares of Tripadvisor (NASDAQ:TRIP) in a research report released on Monday, Benzinga reports. The brokerage currently has a $12.00 price objective on the travel company’s stock.

TRIP has been the subject of a number of other research reports. Citigroup dropped their price objective on shares of Tripadvisor from $20.00 to $16.00 and set a neutral rating for the company in a report on Tuesday, September 24th. Truist Financial cut their price target on shares of Tripadvisor from $21.00 to $17.00 and set a hold rating on the stock in a report on Wednesday, September 4th. TD Cowen decreased their price objective on Tripadvisor from $25.00 to $15.00 and set a hold rating for the company in a report on Thursday, August 22nd. BMO Capital Markets cut their target price on Tripadvisor from $20.00 to $17.00 and set a market perform rating on the stock in a report on Wednesday, August 7th. Finally, UBS Group decreased their price target on Tripadvisor from $20.00 to $18.00 and set a neutral rating for the company in a research note on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $18.33.

Tripadvisor Stock Down 1.7 %

Shares of NASDAQ:TRIP opened at $14.27 on Monday. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76. The company has a market capitalization of $1.98 billion, a PE ratio of 95.14, a price-to-earnings-growth ratio of 2.22 and a beta of 1.39. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68. The company has a fifty day moving average of $14.66 and a 200-day moving average of $19.13.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The business had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $504.76 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts predict that Tripadvisor will post 0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

Several institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its stake in shares of Tripadvisor by 104.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after acquiring an additional 846 shares in the last quarter. Quest Partners LLC increased its stake in Tripadvisor by 14,244.4% in the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after purchasing an additional 2,564 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in Tripadvisor in the first quarter valued at $83,000. Gladius Capital Management LP bought a new position in shares of Tripadvisor during the 2nd quarter worth about $79,000. Finally, SYSTM Wealth Solutions LLC grew its stake in shares of Tripadvisor by 10.5% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock valued at $126,000 after buying an additional 432 shares during the period. 98.99% of the stock is 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.