trivago (NASDAQ:TRVG) Rating Increased to Buy at B. Riley

B. Riley upgraded shares of trivago (NASDAQ:TRVG) from a neutral rating to a buy rating in a research note published on Thursday morning, MarketBeat Ratings reports. They currently have $5.50 price target on the technology company’s stock, up from their previous price target of $4.00.

A number of other equities research analysts also recently weighed in on TRVG. UBS Group lifted their price objective on trivago from $3.10 to $3.40 and gave the company a “neutral” rating in a report on Monday, April 28th. StockNews.com initiated coverage on shares of trivago in a research note on Saturday, February 8th. They issued a “strong-buy” rating on the stock. Finally, Citigroup increased their target price on shares of trivago from $2.60 to $4.50 and gave the stock a “neutral” rating in a research report on Monday, March 17th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, trivago has a consensus rating of “Hold” and an average price target of $3.79.

trivago Price Performance

Shares of TRVG opened at $5.20 on Thursday. The stock’s 50-day moving average price is $4.13 and its 200 day moving average price is $3.05. trivago has a 12-month low of $1.60 and a 12-month high of $5.83. The firm has a market capitalization of $363.67 million, a price-to-earnings ratio of -520.00 and a beta of 1.49.

trivago (NASDAQ:TRVG) last issued its earnings results on Tuesday, February 4th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. trivago had a positive return on equity of 0.09% and a negative net margin of 5.20%. Equities research analysts expect that trivago will post -0.08 EPS for the current year.

Institutional Investors Weigh In On trivago

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRVG. Compagnie Lombard Odier SCmA grew its stake in shares of trivago by 150.0% during the first quarter. Compagnie Lombard Odier SCmA now owns 150,000 shares of the technology company’s stock valued at $615,000 after purchasing an additional 90,000 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new position in trivago in the 4th quarter valued at $623,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of trivago during the fourth quarter worth $628,000. Institutional investors and hedge funds own 4.50% of the company’s stock.

trivago Company Profile

trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, Canada, Japan, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels.