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

Investment analysts at StockNews.com started coverage on shares of trivago (NASDAQ:TRVG) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the stock. UBS Group dropped their price objective on shares of trivago from $2.25 to $1.95 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Susquehanna dropped their price target on trivago from $2.25 to $1.75 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, trivago has an average rating of “Hold” and an average price target of $2.55.

trivago Price Performance

trivago stock opened at $1.68 on Wednesday. trivago has a 12 month low of $1.60 and a 12 month high of $3.29. The company has a fifty day moving average price of $1.71 and a two-hundred day moving average price of $1.98. The company has a market cap of $117.30 million, a PE ratio of -24.14 and a beta of 1.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in shares of trivago during the first quarter worth approximately $173,000. Tidal Investments LLC acquired a new position in trivago during the 1st quarter worth $393,000. Finally, Acadian Asset Management LLC boosted its position in trivago by 10.3% during the 1st quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock worth $1,966,000 after acquiring an additional 67,053 shares during the period. Institutional investors own 4.50% of the company’s stock.

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.