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

Stock analysts at StockNews.com initiated coverage on shares of trivago (NASDAQ:TRVG) in a research note issued to investors on Saturday. The brokerage set a “buy” rating on the technology company’s stock.

Separately, Susquehanna lowered their price target on trivago from $2.50 to $2.25 and set a “neutral” rating on the stock in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, trivago currently has an average rating of “Hold” and a consensus price target of $2.75.

trivago Stock Performance

TRVG opened at $1.69 on Friday. The business’s 50-day simple moving average is $1.86 and its 200 day simple moving average is $2.14. The firm has a market capitalization of $117.76 million, a PE ratio of -0.60 and a beta of 1.62. trivago has a 52-week low of $1.61 and a 52-week high of $5.90.

trivago (NASDAQ:TRVG) last announced 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). The firm 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 quarter in the previous year, the business earned $0.10 earnings per share. On average, research analysts forecast that trivago will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On trivago

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new stake in trivago during the fourth quarter worth approximately $67,000. BNP Paribas Financial Markets acquired a new stake in trivago during the first quarter worth approximately $173,000. Tidal Investments LLC acquired a new stake in trivago during the first quarter worth approximately $393,000. Finally, Acadian Asset Management LLC lifted its stake in 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 last quarter. Institutional investors and hedge funds own 4.50% of the company’s stock.

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.