Trivago N.V. ADS (TRVG) Stock Rating Reaffirmed by Guggenheim
Trivago N.V. ADS (NASDAQ:TRVG)‘s stock had its “buy” rating restated by stock analysts at Guggenheim in a report issued on Thursday. They currently have a $15.00 price target on the technology company’s stock, down from their prior price target of $25.00. Guggenheim’s price objective points to a potential upside of 30.32% from the company’s current price.
Several other research firms have also recently weighed in on TRVG. J P Morgan Chase & Co reissued an “overweight” rating and set a $23.00 price target on shares of Trivago N.V. ADS in a report on Wednesday, August 9th. Cowen and Company reissued a “market perform” rating and set a $20.00 price target (up from $17.00) on shares of Trivago N.V. ADS in a report on Monday, June 5th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $21.00 price target (down from $23.00) on shares of Trivago N.V. ADS in a report on Wednesday, August 9th. Morgan Stanley reissued an “overweight” rating and set a $25.00 price target on shares of Trivago N.V. ADS in a report on Saturday, July 22nd. Finally, Zacks Investment Research cut Trivago N.V. ADS from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $19.64.
Trivago N.V. ADS (NASDAQ:TRVG) traded down 7.85% during midday trading on Thursday, reaching $11.51. The company had a trading volume of 4,853,416 shares. The company’s 50-day moving average is $17.99 and its 200 day moving average is $16.93. Trivago N.V. ADS has a 52-week low of $10.43 and a 52-week high of $24.27. The company has a market cap of $4.03 billion and a PE ratio of 44.27.
Trivago N.V. ADS (NASDAQ:TRVG) last released its quarterly earnings results on Friday, August 4th. The technology company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The company had revenue of $298.30 million during the quarter, compared to analyst estimates of $293.16 million. The firm’s revenue was up 66.6% compared to the same quarter last year. On average, equities research analysts forecast that Trivago N.V. ADS will post $0.08 EPS for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lord Abbett & CO. LLC acquired a new position in Trivago N.V. ADS in the 2nd quarter valued at $4,243,000. Cetera Investment Advisers acquired a new position in Trivago N.V. ADS in the 2nd quarter valued at $210,000. Foxhaven Asset Management LP raised its holdings in Trivago N.V. ADS by 29.1% in the 2nd quarter. Foxhaven Asset Management LP now owns 3,427,860 shares of the technology company’s stock valued at $81,103,000 after acquiring an additional 773,500 shares in the last quarter. Steadfast Capital Management LP raised its holdings in Trivago N.V. ADS by 427.9% in the 2nd quarter. Steadfast Capital Management LP now owns 2,903,957 shares of the technology company’s stock valued at $68,708,000 after acquiring an additional 2,353,883 shares in the last quarter. Finally, Symmetry Peak Management LLC raised its holdings in Trivago N.V. ADS by 24.1% in the 2nd quarter. Symmetry Peak Management LLC now owns 90,000 shares of the technology company’s stock valued at $2,129,000 after acquiring an additional 17,500 shares in the last quarter. 13.63% of the stock is owned by hedge funds and other institutional investors.
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.
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