trivago (NASDAQ:TRVG) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of trivago (NASDAQ:TRVG) in a research note issued on Tuesday. The firm set a “buy” rating on the technology company’s stock.

TRVG has been the subject of several other reports. UBS Group reduced their price objective on trivago from $2.25 to $1.95 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Susquehanna reduced their price objective on trivago from $2.25 to $1.75 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, trivago currently has a consensus rating of “Hold” and an average target price of $2.55.

trivago Stock Performance

NASDAQ TRVG opened at $1.65 on Tuesday. The business has a fifty day moving average price of $1.75 and a 200 day moving average price of $2.02. trivago has a one year low of $1.60 and a one year high of $5.35. The company has a market cap of $115.20 million, a P/E ratio of -23.57 and a beta of 1.63.

Institutional Trading of trivago

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC increased its stake in shares of trivago by 10.3% in the 1st quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock worth $1,966,000 after acquiring an additional 67,053 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of trivago during the 1st quarter worth $393,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of trivago during the 1st quarter worth $173,000. 4.50% of the stock is owned by institutional investors and hedge funds.

About trivago

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.