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

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

TRVG has been the subject of a number of other reports. Susquehanna lowered their target price on trivago from $2.25 to $1.75 and set a “neutral” rating for the company in a research note on Thursday, November 7th. UBS Group reduced their price target on shares of trivago from $2.25 to $1.95 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $2.55.

trivago Stock Up 1.1 %

Shares of trivago stock opened at $2.83 on Friday. trivago has a 12 month low of $1.60 and a 12 month high of $3.29. The stock’s fifty day simple moving average is $2.41 and its 200 day simple moving average is $2.05.

Institutional Investors Weigh In On trivago

An institutional investor recently bought a new position in trivago stock. Baader Bank Aktiengesellschaft acquired a new stake in trivago (NASDAQ:TRVG) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 285,804 shares of the technology company’s stock, valued at approximately $623,000. Baader Bank Aktiengesellschaft owned about 0.41% of trivago as of its most recent SEC filing. 4.50% of the stock is 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.