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

StockNews.com started coverage on shares of trivago (NASDAQ:TRVG) in a research report sent to investors on Thursday morning. The firm issued a buy rating on the technology company’s stock.

Separately, Susquehanna cut their target price on trivago from $2.50 to $2.25 and set a neutral rating on the stock in a research note on Thursday, August 1st. 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 MarketBeat.com, trivago presently has an average rating of Hold and an average price target of $2.75.

trivago Price Performance

Shares of NASDAQ:TRVG opened at $1.72 on Thursday. The stock has a market cap of $119.85 million, a price-to-earnings ratio of -0.61 and a beta of 1.62. The company has a 50 day moving average of $1.93 and a 200-day moving average of $2.20. trivago has a one year low of $1.61 and a one year high of $5.90.

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

Hedge Funds Weigh In On trivago

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in shares of trivago in the 4th quarter valued at $67,000. BNP Paribas Financial Markets bought a new stake in shares of trivago in the first quarter worth about $173,000. Tidal Investments LLC bought a new stake in shares of trivago in the first quarter worth about $393,000. Finally, Acadian Asset Management LLC raised its position in shares of trivago by 10.3% during the first quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock worth $1,966,000 after purchasing an additional 67,053 shares during the period. 4.50% of the stock is owned by 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.