StockNews.com Begins Coverage on trivago (NASDAQ:TRVG)

StockNews.com initiated coverage on shares of trivago (NASDAQ:TRVG) in a report issued on Monday morning. The firm issued a buy rating on the technology company’s stock.

Separately, Susquehanna decreased their price objective on trivago from $2.50 to $2.25 and set a neutral rating for the company in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $2.75.

trivago Price Performance

Shares of TRVG opened at $1.81 on Monday. The business has a 50-day moving average of $2.05 and a 200-day moving average of $2.30. The company has a market capitalization of $126.12 million, a price-to-earnings ratio of -0.65 and a beta of 1.62. trivago has a 1 year low of $1.79 and a 1 year high of $5.90.

trivago (NASDAQ:TRVG) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). trivago had a negative net margin of 41.42% and a positive return on equity of 1.30%. The firm had revenue of $127.62 million during the quarter, compared to analyst estimates of $127.25 million. During the same quarter last year, the business earned $0.10 EPS. As a group, sell-side analysts anticipate that trivago will post -0.1 EPS for the current year.

Hedge Funds Weigh In On trivago

A number of hedge funds and other institutional investors have recently modified their holdings of TRVG. Quadrature Capital Ltd bought a new stake in shares of trivago in the 4th quarter worth approximately $67,000. BNP Paribas Financial Markets bought a new stake in trivago in the 1st quarter valued at about $173,000. Acadian Asset Management LLC lifted its holdings in trivago by 10.3% during the first quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock valued at $1,966,000 after purchasing an additional 67,053 shares during the last quarter. Tidal Investments LLC bought a new position in trivago during the first quarter worth about $393,000. Finally, Inflection Point Investments LLP purchased a new position in shares of trivago in the fourth quarter worth about $572,000. Hedge funds and other institutional investors own 4.50% of the company’s stock.

About trivago

trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, Canada, Japan, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels.