StockNews.com Initiates Coverage on trivago (NASDAQ:TRVG)

Stock analysts at StockNews.com initiated coverage on shares of trivago (NASDAQ:TRVG) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating on the technology company’s stock.

Separately, Susquehanna reduced their price objective on trivago from $2.50 to $2.25 and set a “neutral” rating on the stock in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, trivago currently has an average rating of “Hold” and a consensus price target of $2.75.

trivago Stock Performance

TRVG opened at $1.81 on Tuesday. The firm has a market cap of $126.03 million, a price-to-earnings ratio of -0.64 and a beta of 1.62. The firm’s 50-day simple moving average is $2.03 and its 200-day simple moving average is $2.27. trivago has a twelve month low of $1.76 and a twelve month high of $5.90.

trivago (NASDAQ:TRVG) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $127.62 million during the quarter, compared to analyst estimates 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 last year, the business posted $0.10 earnings per share. As a group, sell-side analysts anticipate that trivago will post -0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TRVG. Tidal Investments LLC bought a new stake in shares of trivago during the first quarter worth $393,000. Acadian Asset Management LLC raised its holdings in trivago by 10.3% during the 1st quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock worth $1,966,000 after purchasing an additional 67,053 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in trivago during the 1st quarter valued at about $173,000. Finally, Quadrature Capital Ltd bought a new position in shares of trivago in the 4th quarter valued at about $67,000. Institutional investors and hedge funds own 4.50% 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, Canada, Japan, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels.