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

Equities researchers at StockNews.com initiated coverage on shares of trivago (NASDAQ:TRVG) in a report released on Friday. The brokerage set a “buy” rating on the technology company’s stock.

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

trivago Stock Up 0.6 %

Shares of TRVG opened at $1.71 on Friday. The firm’s fifty day moving average is $1.90 and its two-hundred day moving average is $2.18. The stock has a market cap of $119.15 million, a PE ratio of -0.61 and a beta of 1.62. trivago has a 52-week low of $1.61 and a 52-week high of $5.90.

trivago (NASDAQ:TRVG) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). trivago had a negative net margin of 41.42% and a positive return on equity of 1.30%. The company had revenue of $127.62 million during the quarter, compared to the consensus estimate of $127.25 million. During the same quarter in the prior year, the firm earned $0.10 EPS. As a group, research analysts anticipate that trivago will post -0.1 earnings per share for the current year.

Institutional Investors Weigh In On trivago

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC acquired a new stake in shares of trivago during the first quarter worth $393,000. 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. BNP Paribas Financial Markets acquired a new stake in trivago during the 1st quarter worth about $173,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of trivago during the fourth quarter valued at approximately $67,000. Hedge funds and other institutional investors own 4.50% of the company’s stock.

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.