Bank of America Corporation Lowers Trivago N.V. ADS (TRVG) to Neutral
Trivago N.V. ADS (NASDAQ:TRVG) was downgraded by equities research analysts at Bank of America Corporation from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a $14.00 price objective on the technology company’s stock, down from their previous price objective of $22.00. Bank of America Corporation’s price target would suggest a potential upside of 27.74% from the stock’s current price.
TRVG has been the subject of several other research reports. Citigroup Inc. reduced their price target on shares of Trivago N.V. ADS from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, August 7th. Wells Fargo & Company reiterated a “hold” rating on shares of Trivago N.V. ADS in a research report on Thursday, July 27th. Zacks Investment Research downgraded shares of Trivago N.V. ADS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Deutsche Bank AG reiterated a “hold” rating and issued 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. Finally, ValuEngine upgraded shares of Trivago N.V. ADS from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. Trivago N.V. ADS currently has an average rating of “Hold” and a consensus target price of $19.64.
Trivago N.V. ADS (TRVG) opened at 10.96 on Thursday. The stock has a market cap of $3.84 billion and a PE 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 firm has a 50 day moving average of $17.28 and a 200-day moving average of $16.84.
Trivago N.V. ADS (NASDAQ:TRVG) last issued its 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 for the quarter, compared to analyst estimates of $293.16 million. The firm’s revenue was up 66.6% on a year-over-year basis. On average, analysts expect that Trivago N.V. ADS will post $0.08 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the business. Creative Planning raised its position in Trivago N.V. ADS by 87.1% during the 2nd 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 last quarter. Thompson Davis & CO. Inc. purchased a new position in Trivago N.V. ADS during the 2nd quarter worth $124,000. Parametric Portfolio Associates LLC purchased a new position in Trivago N.V. ADS during the 1st quarter worth $161,000. Sei Investments Co. purchased a new position in Trivago N.V. ADS during the 1st quarter worth $179,000. Finally, Independent Portfolio Consultants Inc. purchased a new position in Trivago N.V. ADS during the 2nd quarter worth $190,000. Institutional investors own 13.63% of the company’s stock.
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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