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

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

Several other equities analysts have also recently commented on TRVG. Susquehanna lowered their price target on shares of trivago from $2.25 to $1.75 and set a “neutral” rating on the stock in a report on Thursday, November 7th. 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 report on Wednesday, October 23rd. Three equities 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.55.

trivago Stock Performance

TRVG stock opened at $2.80 on Friday. The firm has a 50 day simple moving average of $2.39 and a 200 day simple moving average of $2.05. trivago has a 52 week low of $1.60 and a 52 week high of $3.29. The stock has a market cap of $195.83 million, a P/E ratio of -39.99 and a beta of 1.73.

Institutional Investors Weigh In On trivago

An institutional investor recently bought a new position in trivago stock. Baader Bank Aktiengesellschaft purchased a new position in trivago (NASDAQ:TRVG) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 285,804 shares of the technology company’s stock, valued at approximately $623,000. Baader Bank Aktiengesellschaft owned about 0.41% of trivago at the end of the most recent reporting period. Institutional investors 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.