Trivago (TRVG) Cut to Strong Sell at BidaskClub

Trivago (NASDAQ:TRVG) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday.

Other equities analysts have also issued research reports about the company. Deutsche Bank raised Trivago from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Friday, December 8th. Citigroup raised Trivago from a “neutral” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Tuesday, November 7th. Morgan Stanley decreased their target price on Trivago from $12.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 26th. Zacks Investment Research raised Trivago from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Cowen set a $6.00 target price on Trivago and gave the stock a “hold” rating in a research note on Monday, December 11th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $14.64.

Trivago (NASDAQ TRVG) traded up $0.08 on Friday, reaching $7.49. The company had a trading volume of 1,819,348 shares, compared to its average volume of 1,086,564. Trivago has a 1 year low of $6.45 and a 1 year high of $24.27.

Trivago (NASDAQ:TRVG) last posted its earnings results on Wednesday, October 25th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The firm had revenue of $287.90 million for the quarter, compared to analyst estimates of $286.07 million. During the same period in the previous year, the company posted ($0.01) EPS. Trivago’s revenue was up 16.7% on a year-over-year basis. analysts forecast that Trivago will post -0.01 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Foxhaven Asset Management LP increased its holdings in Trivago by 29.1% during the 2nd quarter. Foxhaven Asset Management LP now owns 3,427,860 shares of the technology company’s stock worth $81,103,000 after purchasing an additional 773,500 shares during the period. Steadfast Capital Management LP increased its holdings in Trivago by 427.9% during the 2nd quarter. Steadfast Capital Management LP now owns 2,903,957 shares of the technology company’s stock worth $68,708,000 after purchasing an additional 2,353,883 shares during the period. Artisan Partners Limited Partnership purchased a new stake in Trivago during the 3rd quarter worth about $6,954,000. TCW Group Inc. increased its holdings in Trivago by 1.5% during the 3rd quarter. TCW Group Inc. now owns 468,000 shares of the technology company’s stock worth $5,078,000 after purchasing an additional 7,042 shares during the period. Finally, Granahan Investment Management Inc. MA increased its holdings in Trivago by 13.3% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 339,322 shares of the technology company’s stock worth $3,682,000 after purchasing an additional 39,882 shares during the period. Institutional investors own 8.19% of the company’s stock.

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About Trivago

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.

Analyst Recommendations for Trivago (NASDAQ:TRVG)

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