trivago (NASDAQ:TRVG) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of trivago (NASDAQ:TRVG) in a research report sent to investors on Friday morning. The brokerage issued a buy rating on the technology company’s stock.

Separately, Susquehanna dropped 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $2.75.

trivago Stock Performance

Shares of TRVG opened at $1.69 on Friday. The firm has a 50-day simple moving average of $1.90 and a 200-day simple moving average of $2.18. trivago has a fifty-two week low of $1.61 and a fifty-two week high of $5.90. The company has a market capitalization of $118.00 million, a price-to-earnings ratio of -0.58 and a beta of 1.62.

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

Institutional Trading of trivago

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC bought a new stake in shares of trivago in the 1st quarter valued at approximately $393,000. Acadian Asset Management LLC lifted its holdings in shares of trivago by 10.3% during 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 during the period. BNP Paribas Financial Markets bought a new stake in shares of trivago in the 1st quarter worth about $173,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of trivago during the 4th quarter worth about $67,000. 4.50% of the stock is currently owned by institutional investors and hedge funds.

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.