Trivago N.V. ADS (TRVG) Rating Increased to Hold at Zacks Investment Research
Trivago N.V. ADS (NASDAQ:TRVG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.
According to Zacks, “trivago N.V. is a technology company. It provides internet-related services and products in the fields of hotels, lodging and metasearch. trivago N.V. is based in Duesseldorf, Germany. “
Several other equities analysts have also issued reports on TRVG. Bank of America Corporation reaffirmed a “neutral” rating and set a $24.00 price target (up previously from $18.00) on shares of Trivago N.V. ADS in a research note on Wednesday, May 17th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $23.00 price target (up previously from $14.00) on shares of Trivago N.V. ADS in a research note on Wednesday, May 17th. ValuEngine raised Trivago N.V. ADS from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Cowen and Company reaffirmed a “market perform” rating and set a $20.00 price target (up previously from $17.00) on shares of Trivago N.V. ADS in a research note on Monday, June 5th. Finally, Wells Fargo & Company started coverage on Trivago N.V. ADS in a research note on Wednesday, July 12th. They set a “market perform” rating and a $23.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Trivago N.V. ADS has an average rating of “Hold” and an average price target of $19.64.
Trivago N.V. ADS (NASDAQ:TRVG) traded down 4.78% on Friday, reaching $10.96. The company had a trading volume of 4,851,940 shares. The company has a market capitalization of $3.84 billion and a price-to-earnings ratio of 42.15. Trivago N.V. ADS has a 12 month low of $10.43 and a 12 month high of $24.27. The company’s 50 day moving average price is $17.28 and its 200-day moving average price is $16.84.
Trivago N.V. ADS (NASDAQ:TRVG) last issued 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 firm had revenue of $298.30 million during the quarter, compared to analyst estimates of $293.16 million. The company’s revenue for the quarter was up 66.6% on a year-over-year basis. On average, equities analysts predict that Trivago N.V. ADS will post $0.08 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in TRVG. Macquarie Group Ltd. acquired a new position in Trivago N.V. ADS in the fourth quarter valued at about $246,000. Sei Investments Co. acquired a new position in Trivago N.V. ADS in the first quarter valued at about $179,000. TD Asset Management Inc. acquired a new position in Trivago N.V. ADS in the first quarter valued at about $898,000. Parametric Portfolio Associates LLC acquired a new position in Trivago N.V. ADS in the first quarter valued at about $161,000. Finally, Oxford Asset Management acquired a new position in Trivago N.V. ADS in the first quarter valued at about $255,000. 13.63% of the stock is currently owned by hedge funds and other institutional investors.
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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