trivago (NASDAQ:TRVG) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of trivago (NASDAQ:TRVG) in a research note released on Monday. The firm issued a buy rating on the technology company’s stock.

A number of other research analysts have also issued reports on the stock. UBS Group cut their price target on shares of trivago from $2.25 to $1.95 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Susquehanna dropped their price objective on shares of trivago from $2.50 to $2.25 and set a “neutral” rating on the stock in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, trivago has a consensus rating of “Hold” and a consensus target price of $2.55.

trivago Stock Performance

Shares of TRVG stock opened at $1.71 on Monday. trivago has a fifty-two week low of $1.60 and a fifty-two week high of $5.35. The firm has a market capitalization of $119.39 million, a price-to-earnings ratio of -0.58 and a beta of 1.63. The stock’s 50-day simple moving average is $1.76 and its 200-day simple moving average is $2.04.

Hedge Funds Weigh In On trivago

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new stake in shares of trivago in the 1st quarter valued at $173,000. Acadian Asset Management LLC raised its holdings in shares of trivago by 10.3% during the first quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock worth $1,966,000 after purchasing an additional 67,053 shares during the last quarter. Finally, Tidal Investments LLC acquired a new position in trivago during the first quarter valued at $393,000. 4.50% of the stock is owned by hedge funds and other institutional investors.

trivago Company Profile

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.