Trivago N.V. ADS (NASDAQ:TRVG) shares shot up NaN during mid-day trading on Thursday . The company traded as high as $8.93 and last traded at $0.00. 3,839,062 shares changed hands during trading, an increase of Infinity from the average session volume of 0 shares.
A number of brokerages recently issued reports on TRVG. Citigroup Inc. decreased their price objective on shares of Trivago N.V. ADS from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, October 27th. Morgan Stanley reduced their price target on shares of Trivago N.V. ADS from $12.00 to $8.00 and set an “equal weight” rating for the company in a report on Thursday, October 26th. Bank of America Corporation cut shares of Trivago N.V. ADS from a “neutral” rating to an “underperform” rating and set a $14.00 price target for the company. in a report on Thursday, October 26th. Guggenheim cut shares of Trivago N.V. ADS from a “buy” rating to a “neutral” rating and set a $15.00 price target for the company. in a report on Thursday, October 26th. Finally, Deutsche Bank AG reduced their price target on shares of Trivago N.V. ADS from $20.00 to $13.00 and set a “hold” rating for the company in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.00.
Trivago N.V. ADS (NASDAQ:TRVG) last announced its earnings results on Wednesday, October 25th. The technology company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The business had revenue of $287.90 million for the quarter, compared to analyst estimates of $286.07 million. During the same quarter in the previous year, the company posted ($0.01) EPS. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG boosted its holdings in Trivago N.V. ADS by 1,645.1% during the first 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 last quarter. Morgan Stanley boosted its holdings in Trivago N.V. ADS by 72.5% during the first 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 last quarter. Rehmann Capital Advisory Group acquired a new position in Trivago N.V. ADS during the second quarter worth $251,000. Cetera Investment Advisers acquired a new position in Trivago N.V. ADS during the second quarter worth $210,000. Finally, Russell Investments Group Ltd. acquired a new position in Trivago N.V. ADS during the second quarter worth $1,812,000. Institutional investors and hedge funds own 13.20% of the company’s stock.
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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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