Trivago N.V. ADS (NASDAQ:TRVG) Price Target Cut to $3.35 by Analysts at Citigroup

Trivago N.V. ADS (NASDAQ:TRVG) had its price target reduced by Citigroup from $3.80 to $3.35 in a report published on Tuesday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Several other research analysts have also issued reports on TRVG. Wall Street Zen lowered shares of Trivago N.V. ADS from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Susquehanna decreased their target price on shares of Trivago N.V. ADS from $5.50 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Trivago N.V. ADS in a research note on Thursday, October 30th. Finally, Mizuho dropped their target price on shares of Trivago N.V. ADS from $3.50 to $3.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.85.

Trivago N.V. ADS Trading Down 1.7%

TRVG opened at $2.90 on Tuesday. The company has a market cap of $204.10 million, a price-to-earnings ratio of 41.43 and a beta of 1.39. The stock has a fifty day simple moving average of $3.20 and a two-hundred day simple moving average of $3.64. Trivago N.V. ADS has a 12-month low of $1.65 and a 12-month high of $5.83.

Hedge Funds Weigh In On Trivago N.V. ADS

Several hedge funds and other institutional investors have recently modified their holdings of TRVG. Bosun Asset Management LLC bought a new position in Trivago N.V. ADS in the first quarter valued at about $328,000. Compagnie Lombard Odier SCmA lifted its stake in shares of Trivago N.V. ADS by 13.3% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 170,000 shares of the technology company’s stock worth $641,000 after purchasing an additional 20,000 shares during the period. First Eagle Investment Management LLC bought a new stake in Trivago N.V. ADS during the third quarter valued at approximately $559,000. GSA Capital Partners LLP purchased a new stake in Trivago N.V. ADS during the third quarter valued at approximately $104,000. Finally, Baader Bank Aktiengesellschaft raised its position in Trivago N.V. ADS by 612.2% in the third quarter. Baader Bank Aktiengesellschaft now owns 554,980 shares of the technology company’s stock worth $1,846,000 after acquiring an additional 477,060 shares during the period. 4.50% of the stock is owned by institutional investors.

Trivago N.V. ADS 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.