trivago (NASDAQ:TRVG) Research Coverage Started at StockNews.com

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

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

trivago Stock Performance

Shares of TRVG stock opened at $1.75 on Wednesday. trivago has a 1 year low of $1.61 and a 1 year high of $5.90. The stock has a market cap of $122.19 million, a PE ratio of -0.62 and a beta of 1.62. The stock has a fifty day moving average price of $1.97 and a 200 day moving average price of $2.24.

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

Institutional Investors Weigh In On trivago

Several institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC boosted its position in trivago by 10.3% in 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 during the last quarter. Tidal Investments LLC purchased a new position in trivago in the first quarter valued at about $393,000. BNP Paribas Financial Markets purchased a new stake in trivago during the 1st quarter worth approximately $173,000. Finally, Quadrature Capital Ltd acquired a new position in shares of trivago in the 4th 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.