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

StockNews.com assumed coverage on shares of trivago (NASDAQ:TRVG) in a research report report published on Wednesday morning. The firm issued a buy rating on the technology company’s stock.

Separately, Susquehanna decreased their price objective on trivago from $2.50 to $2.25 and set a neutral rating for the company in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $2.75.

trivago Trading Up 2.0 %

Shares of TRVG stock opened at $1.75 on Wednesday. trivago has a twelve month low of $1.61 and a twelve month high of $5.90. The stock has a market capitalization of $122.19 million, a price-to-earnings ratio of -0.62 and a beta of 1.62. The stock has a fifty day simple moving average of $1.97 and a two-hundred day simple moving average of $2.24.

trivago (NASDAQ:TRVG) last issued its earnings results on Tuesday, July 30th. The technology company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). trivago had a positive return on equity of 1.30% and a negative net margin of 41.42%. The business had revenue of $127.62 million during the quarter, compared to analysts’ expectations of $127.25 million. During the same period in the prior year, the business earned $0.10 EPS. Research analysts predict that trivago will post -0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On trivago

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd purchased a new stake in trivago in the fourth quarter valued at about $67,000. BNP Paribas Financial Markets purchased a new stake in trivago in the first quarter valued at about $173,000. Tidal Investments LLC purchased a new stake in trivago in the first quarter valued at about $393,000. Finally, Acadian Asset Management LLC raised its stake in trivago by 10.3% in the first quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock valued at $1,966,000 after buying an additional 67,053 shares during the last quarter. 4.50% of the stock is currently owned by hedge funds and other institutional investors.

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.