StockNews.com Begins Coverage on trivago (NASDAQ:TRVG)

StockNews.com began coverage on shares of trivago (NASDAQ:TRVG) in a research note issued to investors on Wednesday. The brokerage issued a buy rating on the technology company’s stock.

Separately, Susquehanna dropped their target price on trivago from $2.50 to $2.25 and set a neutral rating on the stock in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $2.75.

trivago Stock Up 2.0 %

trivago stock opened at $1.75 on Wednesday. The firm has a market cap of $122.19 million, a price-to-earnings ratio of -0.62 and a beta of 1.62. trivago has a 52 week low of $1.61 and a 52 week high of $5.90. The business’s 50-day moving average price is $1.97 and its 200 day moving average price is $2.24.

trivago (NASDAQ:TRVG) last posted its earnings results on Tuesday, July 30th. The technology company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $127.62 million for the quarter, compared to analyst estimates of $127.25 million. trivago had a positive return on equity of 1.30% and a negative net margin of 41.42%. During the same period last year, the company earned $0.10 earnings per share. Equities analysts expect that trivago will post -0.1 EPS for the current year.

Hedge Funds Weigh In On trivago

A number of hedge funds have recently bought and sold shares of the business. Tidal Investments LLC purchased a new position in trivago during the first quarter worth approximately $393,000. Acadian Asset Management LLC boosted its position in trivago by 10.3% during the first quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock worth $1,966,000 after purchasing an additional 67,053 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in trivago during the first quarter worth approximately $173,000. Finally, Quadrature Capital Ltd purchased a new position in trivago during the fourth quarter worth approximately $67,000. Hedge funds and other institutional investors own 4.50% of the company’s stock.

About trivago

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.