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

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

A number of other analysts also recently commented on the stock. UBS Group dropped their target price on shares of trivago from $2.25 to $1.95 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Susquehanna dropped their price target on trivago from $2.25 to $1.75 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, trivago has an average rating of “Hold” and an average target price of $2.55.

trivago Price Performance

NASDAQ:TRVG opened at $1.68 on Wednesday. The business’s 50-day moving average price is $1.71 and its 200 day moving average price is $1.98. trivago has a 52-week low of $1.60 and a 52-week high of $3.29. The firm has a market cap of $117.30 million, a P/E ratio of -24.14 and a beta of 1.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TRVG. Tidal Investments LLC acquired a new stake in shares of trivago during the first quarter valued at approximately $393,000. Acadian Asset Management LLC grew its position 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 purchasing an additional 67,053 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in trivago during the 1st quarter worth approximately $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.