trivago (NASDAQ:TRVG) Receives Consensus Rating of “Buy” from Brokerages

Shares of trivago (NASDAQ:TRVGGet Rating) have earned an average rating of “Buy” from the nine research firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $2.98.

Several research analysts recently weighed in on the company. StockNews.com began coverage on trivago in a research note on Thursday, March 31st. They set a “strong-buy” rating on the stock. Zacks Investment Research upgraded trivago from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research note on Tuesday, March 1st. Citigroup dropped their price target on trivago from $2.65 to $2.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 20th. Finally, TheStreet upgraded trivago from a “d+” rating to a “c-” rating in a research note on Friday, March 25th.

TRVG stock traded up $0.04 on Monday, hitting $2.16. 22,616 shares of the company’s stock were exchanged, compared to its average volume of 834,695. trivago has a 12-month low of $1.92 and a 12-month high of $4.17. The stock’s 50 day simple moving average is $2.25. The firm has a market capitalization of $774.72 million, a PE ratio of 53.00 and a beta of 1.68.

trivago (NASDAQ:TRVGGet Rating) last announced its earnings results on Tuesday, February 8th. The technology company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. trivago had a return on equity of 1.55% and a net margin of 2.89%. The firm had revenue of $105.45 million for the quarter, compared to the consensus estimate of $102.46 million. During the same period in the previous year, the business earned ($0.02) EPS. On average, equities analysts predict that trivago will post 0.1 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. Par Capital Management Inc. lifted its holdings in shares of trivago by 9.3% in the 3rd quarter. Par Capital Management Inc. now owns 21,118,927 shares of the technology company’s stock valued at $52,164,000 after buying an additional 1,800,244 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of trivago by 13.3% in the 3rd quarter. Two Sigma Advisers LP now owns 571,900 shares of the technology company’s stock valued at $1,413,000 after buying an additional 67,200 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of trivago by 41.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 532,815 shares of the technology company’s stock valued at $1,316,000 after buying an additional 155,613 shares during the period. Morgan Stanley raised its holdings in trivago by 216.1% in the 3rd quarter. Morgan Stanley now owns 366,533 shares of the technology company’s stock worth $905,000 after purchasing an additional 250,574 shares during the period. Finally, Millennium Management LLC raised its holdings in trivago by 21.7% in the 3rd quarter. Millennium Management LLC now owns 253,581 shares of the technology company’s stock worth $626,000 after purchasing an additional 45,202 shares during the period. 9.22% of the stock is owned by institutional investors and hedge funds.

About trivago (Get Rating)

trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels. The company provides access to its platform through 53 localized websites and apps in 31 languages.

Further Reading

Analyst Recommendations for trivago (NASDAQ:TRVG)

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