trivago (NASDAQ:TRVG – Free Report) – Equities researchers at B. Riley cut their Q3 2023 EPS estimates for shares of trivago in a research note issued to investors on Wednesday, August 2nd. B. Riley analyst N. Khan now forecasts that the technology company will earn $0.03 per share for the quarter, down from their prior forecast of $0.04. B. Riley currently has a “Neutral” rating and a $2.00 price target on the stock. The consensus estimate for trivago’s current full-year earnings is $0.17 per share. B. Riley also issued estimates for trivago’s Q4 2023 earnings at $0.02 EPS, FY2023 earnings at $0.11 EPS, FY2024 earnings at $0.12 EPS, FY2025 earnings at $0.10 EPS, FY2026 earnings at $0.09 EPS and FY2027 earnings at $0.09 EPS.
Several other equities research analysts also recently commented on TRVG. SpectralCast restated a “maintains” rating on shares of trivago in a research report on Friday, May 5th. DA Davidson reduced their price target on shares of trivago from $1.35 to $1.30 and set a “neutral” rating for the company in a research report on Thursday. Finally, StockNews.com lowered shares of trivago from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $1.92.
trivago Price Performance
trivago (NASDAQ:TRVG – Get Free Report) last released its earnings results on Tuesday, May 2nd. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. trivago had a negative net margin of 7.34% and a positive return on equity of 8.04%. The business had revenue of $119.12 million during the quarter, compared to analyst estimates of $134.45 million.
Institutional Trading of trivago
Several large investors have recently added to or reduced their stakes in TRVG. Acadian Asset Management LLC grew its position in trivago by 253.7% in the first quarter. Acadian Asset Management LLC now owns 81,837 shares of the technology company’s stock worth $192,000 after acquiring an additional 58,698 shares in the last quarter. Renaissance Group LLC acquired a new stake in shares of trivago in the first quarter worth $1,135,000. Renaissance Technologies LLC acquired a new stake in shares of trivago in the first quarter worth $425,000. Goldman Sachs Group Inc. acquired a new stake in shares of trivago in the first quarter worth $140,000. Finally, Penn Capital Management Company LLC acquired a new stake in shares of trivago in the first quarter worth $2,418,000. 10.38% of the stock is owned by institutional investors.
About trivago
trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels. The company provides travel search for different types of accommodations, such as hotels, vacation rentals, and private apartments; and enable advertiser access through website and apps.
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