Trivago N.V. ADS (TRVG) Stock Price Up 5.5%

Trivago N.V. ADS (NASDAQ:TRVG) rose 5.5% during trading on Monday . The company traded as high as $7.15 and last traded at $6.96. Approximately 2,622,331 shares were traded during mid-day trading, an increase of 111% from the average daily volume of 1,244,655 shares. The stock had previously closed at $6.60.

TRVG has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Trivago N.V. ADS from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Bank of America downgraded shares of Trivago N.V. ADS from a “buy” rating to a “neutral” rating and reduced their price target for the company from $22.00 to $14.00 in a research report on Thursday, September 7th. J P Morgan Chase & Co reiterated a “buy” rating and set a $16.00 price target (down from $23.00) on shares of Trivago N.V. ADS in a research report on Thursday, September 7th. Guggenheim reiterated a “buy” rating and set a $15.00 price target (down from $25.00) on shares of Trivago N.V. ADS in a research report on Thursday, September 7th. Finally, Citigroup reiterated a “hold” rating and set a $12.00 price target on shares of Trivago N.V. ADS in a research report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Trivago N.V. ADS presently has a consensus rating of “Hold” and an average price target of $14.91.

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 (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. The company 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 business posted ($0.01) earnings per share. Trivago N.V. ADS’s revenue was up 16.7% on a year-over-year basis.

Several institutional investors and hedge funds have recently modified their holdings of TRVG. Bank of America Corp DE increased its stake in shares of Trivago N.V. ADS by 52.2% during 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 in the last quarter. Creative Planning increased its stake in shares of Trivago N.V. ADS by 87.1% during the 2nd quarter. Creative Planning now owns 4,360 shares of the technology company’s stock worth $103,000 after purchasing an additional 2,030 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Trivago N.V. ADS during the 2nd quarter worth approximately $1,812,000. TD Asset Management Inc. increased its stake in shares of Trivago N.V. ADS by 8.6% during the 2nd quarter. TD Asset Management Inc. now owns 74,781 shares of the technology company’s stock worth $1,769,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Cadence Capital Management LLC purchased a new position in shares of Trivago N.V. ADS during the 2nd quarter worth approximately $976,000. 8.20% of the stock is owned by institutional investors and hedge funds.

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Trivago N.V. ADS Company Profile

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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