Tripadvisor, Inc. (NASDAQ:TRIP – Get Free Report) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 9,950,000 shares, an increase of 23.9% from the January 31st total of 8,030,000 shares. Approximately 9.2% of the company’s stock are sold short. Based on an average daily trading volume, of 2,550,000 shares, the short-interest ratio is currently 3.9 days.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on TRIP shares. UBS Group restated a “neutral” rating on shares of Tripadvisor in a report on Tuesday, February 4th. Cantor Fitzgerald lowered their target price on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Wedbush reiterated a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. B. Riley increased their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, DA Davidson reiterated a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research note on Thursday, February 20th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $17.71.
Check Out Our Latest Analysis on TRIP
Hedge Funds Weigh In On Tripadvisor
Tripadvisor Stock Performance
Shares of TRIP opened at $13.95 on Friday. The company has a 50-day simple moving average of $16.08 and a 200-day simple moving average of $15.03. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $1.96 billion, a PE ratio of 697.85, a P/E/G ratio of 9.01 and a beta of 1.34. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76.
Tripadvisor (NASDAQ:TRIP – Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The company had revenue of $411.00 million during the quarter, compared to analysts’ expectations of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. Equities research analysts predict that Tripadvisor will post 0.46 earnings per share for the current fiscal year.
Tripadvisor Company Profile
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.
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