Zacks Investment Research Lowers trivago (NASDAQ:TRVG) to Hold

trivago (NASDAQ:TRVGGet Rating) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “trivago N.V. is a technology company. It provides internet-related services and products in the fields of hotels, lodging and metasearch. trivago N.V. is based in Duesseldorf, Germany. “

Other equities analysts have also issued research reports about the stock. StockNews.com began coverage on shares of trivago in a research report on Thursday, March 31st. They set a “strong-buy” rating for the company. TheStreet raised shares of trivago from a “d+” rating to a “c-” rating in a research note on Friday, March 25th. Finally, Citigroup reduced their target price on shares of trivago from $2.65 to $2.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 20th. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.98.

TRVG stock traded down $0.02 during midday trading on Wednesday, reaching $2.08. 1,600 shares of the company’s stock traded hands, compared to its average volume of 839,519. trivago has a 52-week low of $1.92 and a 52-week high of $4.17. The company has a market cap of $746.03 million, a PE ratio of 51.75 and a beta of 1.68. The stock’s 50-day moving average is $2.23.

trivago (NASDAQ:TRVGGet Rating) last posted its quarterly earnings results on Tuesday, February 8th. The technology company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. The business had revenue of $105.45 million during the quarter, compared to analyst estimates of $102.46 million. trivago had a net margin of 2.89% and a return on equity of 1.55%. During the same period in the prior year, the business posted ($0.02) earnings per share. Equities analysts forecast that trivago will post 0.1 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. boosted its stake in 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 worth $1,316,000 after purchasing an additional 155,613 shares in the last quarter. Par Capital Management Inc. raised its position in trivago by 9.3% during the 3rd quarter. Par Capital Management Inc. now owns 21,118,927 shares of the technology company’s stock worth $52,164,000 after buying an additional 1,800,244 shares during the last quarter. Jump Financial LLC raised its position in trivago by 45.1% during the 3rd quarter. Jump Financial LLC now owns 88,100 shares of the technology company’s stock worth $218,000 after buying an additional 27,400 shares during the last quarter. Jane Street Group LLC raised its position in trivago by 96.7% during the 3rd quarter. Jane Street Group LLC now owns 88,688 shares of the technology company’s stock worth $216,000 after buying an additional 43,608 shares during the last quarter. Finally, Virtu Financial LLC raised its position in trivago by 83.0% during the 4th quarter. Virtu Financial LLC now owns 59,337 shares of the technology company’s stock worth $129,000 after buying an additional 26,906 shares during the last quarter. Institutional investors own 9.22% of the company’s stock.

trivago Company Profile (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

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