Zacks Investment Research upgraded shares of Trivago N.V. ADS (NASDAQ:TRVG) from a hold rating to a buy rating in a report published on Thursday, July 20th. The firm currently has $27.00 price objective on the technology company’s stock.
According to Zacks, “trivago N.V. is a technology company. It provides internet-related services and products in the fields of hotels, lodging and metasearch. trivago N.V. is based in Duesseldorf, Germany. “
A number of other research analysts have also weighed in on the company. Cowen and Company lifted their target price on Trivago N.V. ADS from $13.00 to $15.00 and gave the company a market perform rating in a report on Friday, April 28th. Bank of America Corporation reaffirmed a neutral rating and set a $24.00 target price (up previously from $18.00) on shares of Trivago N.V. ADS in a report on Wednesday, May 17th. Susquehanna Bancshares Inc reaffirmed a neutral rating and set a $23.00 target price (up previously from $14.00) on shares of Trivago N.V. ADS in a report on Wednesday, May 17th. ValuEngine raised Trivago N.V. ADS from a sell rating to a hold rating in a report on Friday, June 2nd. Finally, Wells Fargo & Company began coverage on Trivago N.V. ADS in a report on Wednesday, July 12th. They set a market perform rating and a $23.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $21.10.
Shares of Trivago N.V. ADS (NASDAQ TRVG) traded down 6.38% during midday trading on Thursday, reaching $21.27. 2,060,138 shares of the company’s stock were exchanged. The company has a market cap of $5.09 billion and a P/E ratio of 759.64. Trivago N.V. ADS has a 12 month low of $10.88 and a 12 month high of $24.27. The firm has a 50 day moving average price of $21.34 and a 200 day moving average price of $16.00.
Trivago N.V. ADS (NASDAQ:TRVG) last announced its quarterly earnings data on Monday, May 15th. The technology company reported $0.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.02. The firm had revenue of $267.60 million during the quarter, compared to the consensus estimate of $247.62 million. The business’s quarterly revenue was up 67.9% on a year-over-year basis. Equities research analysts forecast that Trivago N.V. ADS will post $0.12 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Creative Planning raised its stake in shares of Trivago N.V. ADS by 87.1% in the second quarter. Creative Planning now owns 4,360 shares of the technology company’s stock worth $103,000 after buying an additional 2,030 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new stake in Trivago N.V. ADS during the first quarter valued at about $161,000. Sei Investments Co. purchased a new stake in Trivago N.V. ADS during the first quarter valued at about $179,000. Independent Portfolio Consultants Inc. purchased a new stake in Trivago N.V. ADS during the second quarter valued at about $190,000. Finally, Edge Wealth Management LLC purchased a new stake in Trivago N.V. ADS during the second quarter valued at about $218,000. Hedge funds and other institutional investors own 11.85% of the company’s stock.
About Trivago N.V. ADS
Trivago NV is a company based in the Netherlands that operates an online hotel search platform. The platform allows users to search for, compare and book hotels. It gathers information from various third parties’ platforms and provides information about the hotel, pictures, ratings, reviews and filters, such as price, location and extra options.
Get a free copy of the Zacks research report on Trivago N.V. ADS (TRVG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Trivago N.V. ADS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trivago N.V. ADS and related companies with MarketBeat.com's FREE daily email newsletter.
