trivago (NASDAQ:TRVG) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of trivago (NASDAQ:TRVG) in a report released on Monday. The brokerage set a “buy” rating on the technology company’s stock.

Several other research analysts have also weighed in on the stock. Susquehanna reduced their price objective on shares of trivago from $2.50 to $2.25 and set a “neutral” rating on the stock in a research note on Thursday, August 1st. UBS Group reduced their price target on shares of trivago from $2.25 to $1.95 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Three research 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 has an average rating of “Hold” and an average price target of $2.68.

trivago Trading Up 1.5 %

trivago stock opened at $1.68 on Monday. The company has a market cap of $117.30 million, a PE ratio of -0.57 and a beta of 1.63. trivago has a 1 year low of $1.60 and a 1 year high of $5.65. The company’s 50-day moving average is $1.78 and its two-hundred day moving average is $2.06.

Institutional Investors Weigh In On trivago

A number of institutional investors and hedge funds have recently modified their holdings of TRVG. Acadian Asset Management LLC raised its stake in trivago by 10.3% in the 1st quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock valued at $1,966,000 after acquiring an additional 67,053 shares during the period. Tidal Investments LLC acquired a new stake in shares of trivago during the 1st quarter worth about $393,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of trivago during the 1st quarter worth about $173,000. 4.50% of the stock is owned by institutional investors.

About trivago

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.