Stock Traders Buy High Volume of Call Options on Trivago N.V. ADS (TRVG)

Trivago N.V. ADS (NASDAQ:TRVG) saw some unusual options trading on Friday. Investors bought 7,260 call options on the company. This represents an increase of approximately 2,465% compared to the average daily volume of 283 call options.

Trivago N.V. ADS (NASDAQ:TRVG) opened at $6.99 on Monday. Trivago N.V. ADS has a twelve month low of $6.45 and a twelve month high of $24.27.

Trivago N.V. ADS (NASDAQ:TRVG) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $287.90 million for the quarter, compared to the consensus estimate of $286.07 million. During the same quarter in the previous year, the business earned ($0.01) earnings per share. Trivago N.V. ADS’s revenue was up 16.7% compared to the same quarter last year. equities research analysts anticipate that Trivago N.V. ADS will post -0.01 EPS for the current fiscal year.

A number of equities analysts have issued reports on the company. Guggenheim downgraded Trivago N.V. ADS from a “buy” rating to a “neutral” rating and set a $15.00 price objective for the company. in a report on Thursday, October 26th. Citigroup upgraded Trivago N.V. ADS from a “neutral” rating to a “buy” rating and set a $9.00 price objective for the company in a report on Tuesday, November 7th. Cowen reiterated a “hold” rating on shares of Trivago N.V. ADS in a report on Tuesday, October 17th. Morgan Stanley downgraded Trivago N.V. ADS from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $22.00 to $12.00 in a report on Thursday, September 28th. Finally, Bank of America downgraded Trivago N.V. ADS from a “neutral” rating to an “underperform” rating and set a $14.00 price objective for the company. in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.91.

Several large investors have recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Trivago N.V. ADS by 52.2% during the first quarter. Bank of America Corp DE now owns 53,641 shares of the technology company’s stock valued at $699,000 after buying an additional 18,403 shares during the last quarter. Creative Planning boosted its position in shares of Trivago N.V. ADS by 87.1% during the second quarter. Creative Planning now owns 4,360 shares of the technology company’s stock valued at $103,000 after buying an additional 2,030 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Trivago N.V. ADS during the second quarter valued at $1,812,000. TD Asset Management Inc. boosted its position in shares of Trivago N.V. ADS by 8.6% during the second quarter. TD Asset Management Inc. now owns 74,781 shares of the technology company’s stock valued at $1,769,000 after buying an additional 5,900 shares during the last quarter. Finally, Cadence Capital Management LLC purchased a new stake in shares of Trivago N.V. ADS during the second quarter valued at $976,000. Hedge funds and other institutional investors own 8.20% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Stock Traders Buy High Volume of Call Options on Trivago N.V. ADS (TRVG)” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.com-unik.info/2017/12/18/stock-traders-buy-high-volume-of-call-options-on-trivago-n-v-ads-trvg.html.

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.

Receive News & Ratings for Trivago N.V. ADS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trivago N.V. ADS and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit