Tripadvisor, Inc. (NASDAQ:TRIP) Receives $17.50 Average Price Target from Brokerages

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) have received an average rating of “Reduce” from the fourteen research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $17.50.

Several research analysts have weighed in on the stock. DA Davidson reiterated a “neutral” rating and issued a $16.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. StockNews.com downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Thursday. UBS Group reduced their price objective on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Citigroup dropped their target price on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, TD Cowen lifted their price target on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, November 7th.

Tripadvisor Stock Performance

Shares of Tripadvisor stock opened at $14.20 on Friday. Tripadvisor has a 12 month low of $12.93 and a 12 month high of $28.76. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. The stock has a market cap of $1.98 billion, a PE ratio of 61.74, a price-to-earnings-growth ratio of 9.35 and a beta of 1.33. The business has a fifty day simple moving average of $14.43 and a 200-day simple moving average of $15.11.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $532.00 million during the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $0.35 EPS. On average, sell-side analysts anticipate that Tripadvisor will post 0.37 EPS for the current fiscal year.

Institutional Trading of Tripadvisor

Several large investors have recently modified their holdings of the company. True Wealth Design LLC acquired a new position in Tripadvisor during the 3rd quarter worth $27,000. Capital Performance Advisors LLP bought a new position in shares of Tripadvisor in the third quarter worth about $28,000. Future Financial Wealth Managment LLC acquired a new position in shares of Tripadvisor during the 3rd quarter worth about $43,000. Quest Partners LLC lifted its position in shares of Tripadvisor by 14,244.4% during the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after purchasing an additional 2,564 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Tripadvisor by 204.7% during the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after purchasing an additional 2,469 shares during the period. 98.99% of the stock is owned by institutional investors.

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.