trivago (NASDAQ:TRVG) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of trivago (NASDAQ:TRVG) in a research note issued to investors on Wednesday. The brokerage set a “buy” rating on the technology company’s stock.

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

trivago Stock Performance

NASDAQ TRVG opened at $1.73 on Wednesday. trivago has a one year low of $1.61 and a one year high of $5.90. The company has a 50-day simple moving average of $1.99 and a 200-day simple moving average of $2.25. The firm has a market capitalization of $120.54 million, a PE ratio of -0.61 and a beta of 1.62.

trivago (NASDAQ:TRVG) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $127.62 million for the quarter, compared to the consensus estimate of $127.25 million. trivago had a positive return on equity of 1.30% and a negative net margin of 41.42%. During the same quarter last year, the business posted $0.10 EPS. Equities analysts forecast that trivago will post -0.1 earnings per share for the current year.

Institutional Investors Weigh In On trivago

Several institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in shares of 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 acquiring an additional 67,053 shares in the last quarter. Tidal Investments LLC acquired a new position in trivago during the first quarter valued at approximately $393,000. BNP Paribas Financial Markets acquired a new position in trivago during the first quarter valued at approximately $173,000. Finally, Quadrature Capital Ltd bought a new position in shares of trivago in the fourth quarter valued at approximately $67,000. 4.50% of the stock is currently owned by institutional investors and hedge funds.

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.