B. Riley Issues Pessimistic Forecast for Tripadvisor (NASDAQ:TRIP) Stock Price

Tripadvisor (NASDAQ:TRIP) had its price objective cut by equities researchers at B. Riley from $20.00 to $18.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the travel company’s stock. B. Riley’s price target points to a potential upside of 32.60% from the stock’s previous close.

A number of other research firms also recently commented on TRIP. DA Davidson reissued a “neutral” rating and issued a $16.00 price objective on shares of Tripadvisor in a research note on Thursday, February 20th. StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a report on Monday, February 24th. Wedbush reiterated a “neutral” rating and issued a $17.00 target price on shares of Tripadvisor in a report on Thursday, December 19th. Cantor Fitzgerald cut their target price on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Finally, UBS Group restated a “neutral” rating on shares of Tripadvisor in a research report on Tuesday, February 4th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Tripadvisor presently has an average rating of “Hold” and a consensus target price of $17.57.

Tripadvisor Price Performance

TRIP stock traded down $0.60 during trading on Monday, hitting $13.58. The company had a trading volume of 1,124,193 shares, compared to its average volume of 2,657,216. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 682.59, a P/E/G ratio of 9.01 and a beta of 1.35. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The business has a 50 day moving average of $16.07 and a 200 day moving average of $15.03. Tripadvisor has a fifty-two week low of $12.93 and a fifty-two week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The company had revenue of $411.00 million during the quarter, compared to the consensus estimate of $400.02 million. As a group, research analysts predict that Tripadvisor will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On Tripadvisor

Several institutional investors and hedge funds have recently bought and sold shares of TRIP. True Wealth Design LLC purchased a new stake in shares of Tripadvisor in the third quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new stake in Tripadvisor in the 3rd quarter worth approximately $28,000. Bogart Wealth LLC acquired a new stake in shares of Tripadvisor during the 4th quarter valued at $30,000. Blue Trust Inc. boosted its stake in shares of Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock valued at $33,000 after buying an additional 1,543 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its holdings in shares of Tripadvisor by 83.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock valued at $50,000 after acquiring an additional 1,557 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.