trivago (NASDAQ:TRVG) PT Lowered to $2.40

trivago (NASDAQ:TRVGGet Rating) had its price target decreased by equities research analysts at Morgan Stanley from $2.60 to $2.40 in a note issued to investors on Friday, Stock Target Advisor reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price target indicates a potential upside of 43.71% from the company’s previous close.

TRVG has been the topic of a number of other research reports. Mizuho cut their price objective on trivago from $3.60 to $3.00 in a research report on Thursday, May 5th. Zacks Investment Research downgraded shares of trivago from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 27th. TheStreet upgraded shares of trivago from a “d+” rating to a “c-” rating in a research note on Friday, March 25th. StockNews.com downgraded shares of trivago from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 4th. Finally, Citigroup decreased their target price on shares of trivago from $2.65 to $2.50 and set a “neutral” rating for the company in a research note on Wednesday, April 20th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $2.68.

TRVG traded up $0.02 during trading hours on Friday, reaching $1.67. The company’s stock had a trading volume of 5,829 shares, compared to its average volume of 688,928. The business’s 50-day moving average is $2.10 and its 200-day moving average is $2.22. trivago has a fifty-two week low of $1.54 and a fifty-two week high of $4.17. The stock has a market cap of $598.98 million, a PE ratio of 55.69 and a beta of 1.63.

Institutional investors have recently modified their holdings of the business. Forum Financial Management LP purchased a new position in trivago in the fourth quarter valued at about $26,000. Fulton Bank N.A. purchased a new position in trivago in the first quarter valued at about $29,000. Cubist Systematic Strategies LLC purchased a new position in trivago in the third quarter valued at about $73,000. CSS LLC IL increased its holdings in trivago by 13.7% in the third quarter. CSS LLC IL now owns 36,874 shares of the technology company’s stock valued at $91,000 after buying an additional 4,444 shares in the last quarter. Finally, Cetera Advisor Networks LLC increased its stake in shares of trivago by 100.0% during the 3rd quarter. Cetera Advisor Networks LLC now owns 40,000 shares of the technology company’s stock worth $99,000 after purchasing an additional 20,000 shares in the last quarter. 9.00% of the stock is owned by institutional investors.

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.

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