Trivago N.V. ADS (TRVG) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Trivago N.V. ADS (NASDAQ:TRVG) have received a consensus rating of “Hold” from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.00.
Several equities analysts have recently issued reports on TRVG shares. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $21.00 target price (down previously from $23.00) on shares of Trivago N.V. ADS in a research note on Wednesday, August 9th. Zacks Investment Research lowered Trivago N.V. ADS from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Morgan Stanley cut Trivago N.V. ADS from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $22.00 to $12.00 in a research report on Thursday, September 28th. J P Morgan Chase & Co cut Trivago N.V. ADS from an “overweight” rating to a “neutral” rating and set a $14.00 price target for the company. in a research report on Wednesday, September 27th. Finally, Citigroup Inc. decreased their price target on Trivago N.V. ADS from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, August 7th.
Hedge funds have recently modified their holdings of the business. Creative Planning grew its holdings in Trivago N.V. ADS by 87.1% in the second quarter. Creative Planning now owns 4,360 shares of the technology company’s stock valued at $103,000 after purchasing an additional 2,030 shares during the period. Thompson Davis & CO. Inc. purchased a new stake in shares of Trivago N.V. ADS in the second quarter valued at approximately $124,000. Parametric Portfolio Associates LLC purchased a new stake in shares of Trivago N.V. ADS in the first quarter valued at approximately $161,000. Sei Investments Co. acquired a new position in shares of Trivago N.V. ADS during the 1st quarter worth approximately $179,000. Finally, Independent Portfolio Consultants Inc. acquired a new position in shares of Trivago N.V. ADS during the 2nd quarter worth approximately $190,000. Institutional investors own 13.63% of the company’s stock.
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Trivago N.V. ADS (TRVG) opened at 10.96 on Wednesday. The company has a market capitalization of $3.84 billion and a P/E ratio of 41.05. Trivago N.V. ADS has a 52 week low of $10.43 and a 52 week high of $24.27. The company’s 50 day moving average price is $12.92 and its 200-day moving average price is $16.76.
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 for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $298.30 million during the quarter, compared to the consensus estimate of $293.16 million. The business’s quarterly revenue was up 66.6% compared to the same quarter last year. Equities research analysts expect that Trivago N.V. ADS will post $0.05 earnings per share for the current year.
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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