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

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

A number of other equities analysts have also weighed in on TRVG. UBS Group lowered their target price on trivago from $2.25 to $1.95 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Susquehanna lowered their price target on trivago from $2.25 to $1.75 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $2.55.

trivago Stock Up 0.6 %

Shares of NASDAQ:TRVG opened at $1.68 on Wednesday. trivago has a twelve month low of $1.60 and a twelve month high of $3.29. The stock’s 50 day moving average is $1.71 and its 200-day moving average is $1.98.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TRVG. BNP Paribas Financial Markets bought a new stake in trivago in the 1st quarter valued at about $173,000. Tidal Investments LLC bought a new stake in shares of trivago in the first quarter valued at approximately $393,000. Finally, Acadian Asset Management LLC lifted 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 valued at $1,966,000 after buying an additional 67,053 shares in the last quarter. 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.