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

Equities researchers at StockNews.com began coverage on shares of trivago (NASDAQ:TRVG) in a note issued to investors on Monday. The firm set a “buy” rating on the technology company’s stock.

Separately, Susquehanna reduced their target price on trivago from $2.50 to $2.25 and set a “neutral” rating on the stock in a report 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $2.75.

trivago Price Performance

Shares of TRVG opened at $1.95 on Monday. The company has a market capitalization of $135.87 million, a P/E ratio of -0.69 and a beta of 1.62. trivago has a one year low of $1.80 and a one year high of $5.90. The business’s 50 day simple moving average is $2.06 and its 200-day simple moving average is $2.31.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings in trivago by 10.3% during the 1st quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock worth $1,966,000 after buying an additional 67,053 shares in the last quarter. Inflection Point Investments LLP acquired a new position in trivago during the 4th quarter worth $572,000. Tidal Investments LLC acquired a new position in trivago during the 1st quarter worth $393,000. BNP Paribas Financial Markets acquired a new position in trivago during the 1st quarter worth $173,000. Finally, Quadrature Capital Ltd acquired a new position in trivago during the 4th quarter worth $67,000. Institutional investors and hedge funds 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.