Tripadvisor (NASDAQ:TRIP) Hits New 52-Week Low Following Analyst Downgrade

Shares of Tripadvisor, Inc. (NASDAQ:TRIPGet Rating) hit a new 52-week low during trading on Thursday after Truist Financial lowered their price target on the stock from $57.00 to $44.00. Truist Financial currently has a buy rating on the stock. Tripadvisor traded as low as $18.06 and last traded at $18.06, with a volume of 10016 shares traded. The stock had previously closed at $18.40.

A number of other equities analysts also recently commented on TRIP. Ascendiant Capital Markets set a $36.00 target price on shares of Tripadvisor in a research note on Monday. StockNews.com initiated coverage on shares of Tripadvisor in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Citigroup reduced their target price on shares of Tripadvisor from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, May 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Tripadvisor presently has an average rating of “Hold” and a consensus target price of $32.22.

Several institutional investors have recently added to or reduced their stakes in TRIP. Exane Derivatives purchased a new stake in shares of Tripadvisor in the 1st quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Tripadvisor by 44.3% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,745 shares of the travel company’s stock valued at $47,000 after purchasing an additional 536 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Tripadvisor in the fourth quarter valued at approximately $85,000. Parallel Advisors LLC grew its holdings in shares of Tripadvisor by 10.7% in the first quarter. Parallel Advisors LLC now owns 5,892 shares of the travel company’s stock valued at $160,000 after purchasing an additional 570 shares in the last quarter. Finally, ARK Investment Management LLC acquired a new position in shares of Tripadvisor in the fourth quarter valued at approximately $195,000. 82.89% of the stock is currently owned by institutional investors and hedge funds.

The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.17. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of -25.07 and a beta of 1.36. The business’s fifty day moving average is $23.72 and its two-hundred day moving average is $25.59.

Tripadvisor (NASDAQ:TRIPGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The travel company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.03. The firm had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $249.70 million. Tripadvisor had a negative net margin of 9.80% and a negative return on equity of 12.01%. The business’s quarterly revenue was up 113.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.56) earnings per share. As a group, sell-side analysts expect that Tripadvisor, Inc. will post 0.36 earnings per share for the current year.

About Tripadvisor (NASDAQ:TRIP)

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

See Also

Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.