Trivago N.V. ADS (NASDAQ:TRVG) had its target price reduced by Citigroup Inc. from $12.00 to $9.00 in a research report released on Friday morning. They currently have a neutral rating on the technology company’s stock.
Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Trivago N.V. ADS from a hold rating to a buy rating and set a $27.00 price target for the company in a research note on Thursday, July 20th. J P Morgan Chase & Co reiterated a buy rating and set a $16.00 price target (down previously from $23.00) on shares of Trivago N.V. ADS in a research note on Thursday, September 7th. Guggenheim reiterated a buy rating and set a $15.00 price target (down previously from $25.00) on shares of Trivago N.V. ADS in a research note on Thursday, September 7th. Morgan Stanley downgraded Trivago N.V. ADS from an overweight rating to an equal weight rating and cut their price target for the stock from $22.00 to $12.00 in a research note on Thursday, September 28th. Finally, Cowen and Company reiterated a hold rating and set a $20.00 price target on shares of Trivago N.V. ADS in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The company presently has an average rating of Hold and an average price target of $16.00.
Trivago N.V. ADS (NASDAQ:TRVG) opened at 7.42 on Friday. The company has a market capitalization of $2.60 billion and a PE ratio of 27.79. Trivago N.V. ADS has a 52-week low of $7.34 and a 52-week high of $24.27. The firm’s 50-day moving average is $10.62 and its 200-day moving average is $16.43.
Trivago N.V. ADS (NASDAQ:TRVG) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.02. The firm had revenue of $287.90 million for the quarter, compared to the consensus estimate of $286.07 million. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) EPS. On average, equities research analysts forecast that Trivago N.V. ADS will post $0.03 EPS for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of TRVG. Parametric Portfolio Associates LLC bought a new position in Trivago N.V. ADS in the 1st quarter worth about $161,000. UBS Group AG boosted its stake in Trivago N.V. ADS by 1,645.1% in the 1st quarter. UBS Group AG now owns 51,235 shares of the technology company’s stock worth $668,000 after purchasing an additional 48,299 shares during the period. Morgan Stanley boosted its stake in Trivago N.V. ADS by 72.5% in the 1st quarter. Morgan Stanley now owns 579,453 shares of the technology company’s stock worth $7,551,000 after purchasing an additional 243,633 shares during the period. Bank of America Corp DE boosted its stake in Trivago N.V. ADS by 52.2% in the 1st quarter. Bank of America Corp DE now owns 53,641 shares of the technology company’s stock worth $699,000 after purchasing an additional 18,403 shares during the period. Finally, Credit Suisse AG boosted its stake in Trivago N.V. ADS by 1,246.8% in the 1st quarter. Credit Suisse AG now owns 252,004 shares of the technology company’s stock worth $3,284,000 after purchasing an additional 233,292 shares during the period. Institutional investors and hedge funds own 13.20% of the company’s stock.
About Trivago N.V. ADS
Trivago NV is a company based in the Netherlands that operates an online hotel search platform. The platform allows users to search for, compare and book hotels. It gathers information from various third parties’ platforms and provides information about the hotel, pictures, ratings, reviews and filters, such as price, location and extra options.
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