Analysts at StockNews.com initiated coverage on shares of trivago (NASDAQ:TRVG – Get Free Report) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the technology company’s stock.
TRVG has been the topic of a number of other research reports. DA Davidson decreased their price target on shares of trivago from $1.35 to $1.30 and set a “neutral” rating on the stock in a report on Thursday, August 3rd. Citigroup reduced their target price on shares of trivago from $1.25 to $1.16 in a report on Friday, September 8th. Finally, B. Riley began coverage on shares of trivago in a report on Thursday, June 22nd. They set a “neutral” rating and a $2.00 target price on the stock. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, trivago presently has an average rating of “Hold” and an average price target of $1.64.
Check Out Our Latest Research Report on TRVG
trivago Stock Down 3.4 %
trivago (NASDAQ:TRVG – Get Free Report) last announced its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The company had revenue of $135.46 million during the quarter, compared to analyst estimates of $157.42 million. trivago had a negative net margin of 7.34% and a positive return on equity of 7.91%. As a group, equities research analysts anticipate that trivago will post 0.13 earnings per share for the current year.
Hedge Funds Weigh In On trivago
Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in trivago by 11,846.0% in the 1st quarter. Bank of America Corp DE now owns 11,946 shares of the technology company’s stock worth $28,000 after buying an additional 11,846 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in trivago in the 1st quarter worth $28,000. Two Sigma Investments LP acquired a new position in trivago in the 4th quarter worth $28,000. Vanguard Personalized Indexing Management LLC lifted its holdings in trivago by 89.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,981 shares of the technology company’s stock worth $31,000 after buying an additional 9,910 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in trivago by 55.4% in the 1st quarter. Two Sigma Advisers LP now owns 26,100 shares of the technology company’s stock worth $39,000 after buying an additional 9,300 shares in the last quarter. Institutional investors and hedge funds own 10.33% 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, 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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