Trivago N.V. ADS (NASDAQ:TRVG) Price Target Cut to $19.00 by Analysts at Citigroup Inc.
Trivago N.V. ADS (NASDAQ:TRVG) had its price target cut by investment analysts at Citigroup Inc. from $25.00 to $19.00 in a research note issued to investors on Monday. The brokerage presently has a “neutral” rating on the technology company’s stock. Citigroup Inc.’s price target indicates a potential upside of 10.34% from the company’s previous close.
Several other brokerages have also recently issued reports on TRVG. Zacks Investment Research upgraded shares of Trivago N.V. ADS from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, July 20th. Wells Fargo & Company reiterated a “hold” rating on shares of Trivago N.V. ADS in a research report on Thursday, July 27th. Deutsche Bank AG reiterated a “hold” rating and set a $24.00 price target (up previously from $19.00) on shares of Trivago N.V. ADS in a research report on Wednesday, July 26th. Morgan Stanley reiterated an “overweight” rating and set a $25.00 price target on shares of Trivago N.V. ADS in a research report on Saturday, July 22nd. Finally, Cowen and Company reiterated a “hold” rating and set a $20.00 price target on shares of Trivago N.V. ADS in a research report on Tuesday, July 11th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $20.91.
Shares of Trivago N.V. ADS (NASDAQ:TRVG) traded down 1.15% during mid-day trading on Monday, hitting $17.22. The stock had a trading volume of 3,031,816 shares. Trivago N.V. ADS has a 1-year low of $10.88 and a 1-year high of $24.27. The firm has a market capitalization of $4.12 billion and a price-to-earnings ratio of 615.00. The stock’s 50-day moving average is $21.49 and its 200 day moving average is $16.20.
Trivago N.V. ADS (NASDAQ:TRVG) last announced its quarterly earnings results on Friday, August 4th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.02. The company had revenue of $298.30 million for the quarter, compared to the consensus estimate of $293.16 million. The business’s revenue was up 66.6% on a year-over-year basis. Equities research analysts predict that Trivago N.V. ADS will post $0.12 EPS for the current fiscal year.
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Large investors have recently made changes to their positions in the company. Creative Planning boosted its stake in shares of Trivago N.V. ADS by 87.1% in the second quarter. Creative Planning now owns 4,360 shares of the technology company’s stock worth $103,000 after buying an additional 2,030 shares during the period. Parametric Portfolio Associates LLC acquired a new stake in shares of Trivago N.V. ADS during the first quarter worth $161,000. Sei Investments Co. purchased a new stake in Trivago N.V. ADS during the first quarter worth approximately $179,000. Independent Portfolio Consultants Inc. purchased a new stake in Trivago N.V. ADS during the second quarter worth approximately $190,000. Finally, Edge Wealth Management LLC purchased a new stake in Trivago N.V. ADS during the second quarter worth approximately $218,000. Institutional investors and hedge funds own 11.69% of the company’s stock.
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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