Trivago (TRVG) Sees Strong Trading Volume

Trivago NV – (NASDAQ:TRVG) saw an uptick in trading volume on Thursday . 2,753,868 shares were traded during mid-day trading, an increase of 98% from the previous session’s volume of 1,387,846 shares.The stock last traded at $8.20 and had previously closed at $7.23.

TRVG has been the topic of a number of research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Trivago in a report on Friday, January 5th. BidaskClub raised Trivago from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th. Zacks Investment Research downgraded Trivago from a “hold” rating to a “sell” rating in a report on Thursday. JPMorgan Chase & Co. cut Trivago from an “overweight” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research report on Wednesday, September 27th. Finally, Deutsche Bank reiterated a “buy” rating and set a $10.00 price target on shares of Trivago in a research report on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.64.

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

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Trivago by 6,049.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 122,980 shares of the technology company’s stock valued at $1,344,000 after purchasing an additional 120,980 shares during the period. New York State Common Retirement Fund acquired a new position in shares of Trivago during the 3rd quarter valued at $1,325,000. Cetera Investment Advisers acquired a new position in shares of Trivago during the 2nd quarter valued at $210,000. Northern Trust Corp acquired a new position in shares of Trivago during the 2nd quarter valued at $897,000. Finally, Balyasny Asset Management LLC acquired a new position in shares of Trivago during the 2nd quarter valued at $2,597,000. Institutional investors own 8.19% of the company’s stock.

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Trivago 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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