trivago (NASDAQ:TRVG) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of trivago (NASDAQ:TRVG) in a report published on Monday morning. The firm issued a buy rating on the technology company’s stock.

Several other brokerages also recently issued reports on TRVG. UBS Group cut their price objective on trivago from $2.25 to $1.95 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Susquehanna cut their price target on trivago from $2.50 to $2.25 and set a “neutral” rating for the company in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.68.

trivago Trading Down 3.9 %

NASDAQ:TRVG opened at $1.73 on Monday. The company has a market capitalization of $120.79 million, a P/E ratio of -0.59 and a beta of 1.63. The firm has a 50-day moving average price of $1.77 and a two-hundred day moving average price of $2.04. trivago has a twelve month low of $1.60 and a twelve month high of $5.40.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tidal Investments LLC acquired a new stake in shares of trivago during the first quarter worth $393,000. Acadian Asset Management LLC boosted its stake in trivago by 10.3% in 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 during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in trivago in the 1st quarter valued at about $173,000. 4.50% of the stock is currently owned by institutional investors and hedge funds.

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.