Tripadvisor’s (TRIP) Neutral Rating Reaffirmed at Wedbush

Tripadvisor (NASDAQ:TRIP)‘s stock had its “neutral” rating reiterated by equities research analysts at Wedbush in a note issued to investors on Thursday, Benzinga reports. They currently have a $30.00 price objective on the travel company’s stock. Wedbush’s price target indicates a potential upside of 19.81% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. UBS Group boosted their target price on shares of Tripadvisor from $21.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Truist Financial boosted their target price on shares of Tripadvisor from $18.00 to $28.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. The Goldman Sachs Group boosted their target price on shares of Tripadvisor from $23.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. BMO Capital Markets lifted their price objective on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Finally, Ascendiant Capital Markets lifted their price objective on shares of Tripadvisor from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $24.12.

Tripadvisor Price Performance

NASDAQ TRIP opened at $25.04 on Thursday. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.02. Tripadvisor has a 12-month low of $14.15 and a 12-month high of $28.76. The company has a market capitalization of $3.45 billion, a PE ratio of 417.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.57. The firm’s 50 day moving average is $26.85 and its 200-day moving average is $21.55.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, February 14th. The travel company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.14. The company had revenue of $390.00 million for the quarter, compared to the consensus estimate of $372.93 million. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. Equities research analysts anticipate that Tripadvisor will post 0.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

A number of institutional investors have recently modified their holdings of TRIP. Envestnet Asset Management Inc. boosted its position in shares of Tripadvisor by 3.9% in the first quarter. Envestnet Asset Management Inc. now owns 12,368 shares of the travel company’s stock valued at $335,000 after acquiring an additional 466 shares during the period. Raymond James & Associates boosted its position in shares of Tripadvisor by 56.5% in the first quarter. Raymond James & Associates now owns 16,107 shares of the travel company’s stock valued at $437,000 after acquiring an additional 5,813 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Tripadvisor by 435.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 60,450 shares of the travel company’s stock worth $1,639,000 after purchasing an additional 49,157 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in Tripadvisor during the first quarter worth about $899,000. Finally, MetLife Investment Management LLC lifted its position in Tripadvisor by 39.1% during the first quarter. MetLife Investment Management LLC now owns 66,790 shares of the travel company’s stock worth $1,811,000 after purchasing an additional 18,789 shares during the period. Institutional investors own 98.99% of the company’s stock.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.