trivago (NASDAQ:TRVG) PT Lowered to $3.00 at B. Riley

trivago (NASDAQ:TRVG) had its price objective cut by B. Riley from $3.30 to $3.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other research analysts have also weighed in on the company. UBS Group decreased their target price on trivago from $6.25 to $2.25 and set a neutral rating on the stock in a report on Monday, February 5th. Mizuho decreased their price objective on shares of trivago from $4.00 to $3.50 and set a buy rating on the stock in a report on Thursday. Finally, StockNews.com upgraded shares of trivago from a hold rating to a buy rating in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $3.93.

trivago Trading Down 4.0 %

Shares of TRVG stock opened at $2.41 on Thursday. The company has a fifty day moving average price of $2.62 and a two-hundred day moving average price of $2.91. trivago has a one year low of $2.26 and a one year high of $7.40.

trivago (NASDAQ:TRVG) last issued its earnings results on Tuesday, February 6th. The technology company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. trivago had a negative net margin of 38.54% and a positive return on equity of 4.40%. The business had revenue of $98.74 million during the quarter, compared to the consensus estimate of $98.20 million. On average, research analysts expect that trivago will post -0.08 EPS for the current year.

Hedge Funds Weigh In On trivago

Hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new position in shares of trivago during the 4th quarter worth approximately $67,000. Privium Fund Management UK Ltd bought a new stake in shares of trivago in the third quarter valued at approximately $37,000. New York State Common Retirement Fund grew its position in trivago by 79.6% during the third quarter. New York State Common Retirement Fund now owns 36,219 shares of the technology company’s stock worth $38,000 after buying an additional 16,056 shares in the last quarter. BNP Paribas Financial Markets bought a new position in trivago during the 1st quarter worth $173,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in trivago in the 3rd quarter valued at $104,000. 4.50% of the stock is owned by institutional investors.

trivago Company Profile

trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, Canada, Japan, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels.