trivago (NASDAQ:TRVG) Stock Price Down 5.2%

trivago (NASDAQ:TRVGGet Rating)’s share price traded down 5.2% during trading on Tuesday . The company traded as low as $1.53 and last traded at $1.57. 27,324 shares were traded during mid-day trading, a decline of 94% from the average session volume of 451,832 shares. The stock had previously closed at $1.65.

Several analysts have commented on the stock. Citigroup decreased their price target on shares of trivago from $2.65 to $2.50 and set a “neutral” rating for the company in a research report on Wednesday, April 20th. TheStreet lowered trivago from a “c-” rating to a “d+” rating in a report on Monday, June 6th. StockNews.com lowered trivago from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 4th. Morgan Stanley decreased their price objective on trivago from $2.60 to $2.40 and set an “equal weight” rating for the company in a report on Friday, May 20th. Finally, Mizuho decreased their price objective on trivago from $3.60 to $3.00 in a report on Thursday, May 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $2.71.

The stock has a market capitalization of $595.39 million, a price-to-earnings ratio of 53.68 and a beta of 1.64. The stock has a 50-day moving average price of $1.91 and a 200 day moving average price of $2.11.

A number of hedge funds have recently bought and sold shares of TRVG. Morgan Stanley boosted its holdings in trivago by 536.8% in the 1st quarter. Morgan Stanley now owns 50,667 shares of the technology company’s stock worth $218,000 after buying an additional 42,710 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in trivago in the 3rd quarter worth about $73,000. Millennium Management LLC boosted 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 buying an additional 45,202 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in trivago by 13.3% in the 3rd quarter. Two Sigma Advisers LP now owns 571,900 shares of the technology company’s stock worth $1,413,000 after buying an additional 67,200 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in trivago by 96.7% in 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. Institutional investors own 9.00% of the company’s stock.

trivago Company Profile (NASDAQ:TRVG)

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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