Truist Financial Trims Tripadvisor (NASDAQ:TRIP) Target Price to $44.00

Tripadvisor (NASDAQ:TRIP – Get Rating) had its price target cut by research analysts at Truist Financial from $57.00 to $44.00 in a research report issued to clients and investors on Thursday, The Fly reports. Truist Financial’s target price would indicate a potential upside of 139.13% from the company’s current price.

A number of other brokerages have also recently commented on TRIP. Citigroup dropped their price target on shares of Tripadvisor from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, May 9th. StockNews.com began coverage on shares of Tripadvisor in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Ascendiant Capital Markets set a $36.00 price target on shares of Tripadvisor in a research note on Monday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $32.22.

Shares of TRIP stock opened at $18.40 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of -25.21 and a beta of 1.36. Tripadvisor has a 52-week low of $18.10 and a 52-week high of $42.62. The company has a 50-day simple moving average of $23.89 and a two-hundred day simple moving average of $25.65.

Tripadvisor (NASDAQ:TRIP – Get Rating) last released its earnings results on Wednesday, May 4th. The travel company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.03. The firm had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $249.70 million. Tripadvisor had a negative net margin of 9.80% and a negative return on equity of 12.01%. The company’s quarterly revenue was up 113.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.56) earnings per share. On average, sell-side analysts forecast that Tripadvisor will post 0.36 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in TRIP. Mirae Asset Global Investments Co. Ltd. grew its holdings in Tripadvisor by 34.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 172,997 shares of the travel company’s stock worth $4,692,000 after acquiring an additional 44,446 shares during the last quarter. Portolan Capital Management LLC bought a new stake in Tripadvisor in the 1st quarter worth $4,094,000. Eaton Vance Management grew its holdings in Tripadvisor by 1,416.2% in the 1st quarter. Eaton Vance Management now owns 37,192 shares of the travel company’s stock worth $1,009,000 after acquiring an additional 34,739 shares during the last quarter. Freshford Capital Management LLC bought a new stake in Tripadvisor in the 1st quarter worth $48,129,000. Finally, Goldman Sachs Group Inc. grew its holdings in Tripadvisor by 25.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 610,247 shares of the travel company’s stock worth $16,550,000 after acquiring an additional 122,405 shares during the last quarter. 82.89% of the stock is currently owned by institutional investors.

Tripadvisor Company Profile (Get Rating)

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

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