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

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

Other analysts also recently issued research reports about the stock. UBS Group decreased their price objective on shares of trivago from $2.25 to $1.95 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Susquehanna decreased their price objective on shares of trivago from $2.25 to $1.75 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, trivago presently has an average rating of “Hold” and an average price target of $2.55.

trivago Price Performance

Shares of NASDAQ TRVG opened at $1.65 on Tuesday. The company has a market cap of $115.20 million, a P/E ratio of -23.57 and a beta of 1.63. trivago has a 1 year low of $1.60 and a 1 year high of $3.50. The firm has a 50-day simple moving average of $1.73 and a two-hundred day simple moving average of $2.01.

Hedge Funds Weigh In On trivago

A number of institutional investors have recently modified their holdings of TRVG. BNP Paribas Financial Markets purchased a new position in trivago during the first quarter valued at approximately $173,000. Acadian Asset Management LLC increased its holdings in trivago by 10.3% during the first quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock valued at $1,966,000 after buying an additional 67,053 shares during the period. Finally, Tidal Investments LLC purchased a new position in trivago in the first quarter worth $393,000. 4.50% of the stock is owned by hedge funds and other institutional investors.

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.