trivago (NASDAQ:TRVG) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of trivago (NASDAQ:TRVG) in a report issued on Tuesday. The firm issued a buy rating on the technology company’s stock.

Other equities research analysts also recently issued research reports about the company. UBS Group lowered their price target on trivago from $2.25 to $1.95 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Susquehanna cut their price target on shares of trivago from $2.25 to $1.75 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $2.55.

trivago Stock Performance

TRVG opened at $1.66 on Tuesday. trivago has a 1 year low of $1.60 and a 1 year high of $3.50. The company’s 50 day simple moving average is $1.73 and its 200 day simple moving average is $2.01. The stock has a market capitalization of $115.90 million, a PE ratio of -23.71 and a beta of 1.63.

Institutional Investors Weigh In On trivago

Large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its position in trivago by 10.3% in the 1st quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock valued at $1,966,000 after buying an additional 67,053 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of trivago during the first quarter worth about $393,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of trivago in the first quarter worth about $173,000. 4.50% of the stock is owned by institutional investors and hedge funds.

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.