Trivago (NASDAQ:TRVG) Upgraded to “Hold” at Zacks Investment Research

Christel Deskins

Zacks Investment Research upgraded shares of Trivago (NASDAQ:TRVG) from a sell rating to a hold rating in a report issued on Saturday, Zacks.com reports. 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 […]

Zacks Investment Research upgraded shares of Trivago (NASDAQ:TRVG) from a sell rating to a hold rating in a report issued on Saturday, Zacks.com reports.

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 analysts have also recently commented on TRVG. Morgan Stanley boosted their target price on shares of Trivago from $1.80 to $1.90 and gave the company an equal weight rating in a report on Wednesday, June 3rd. BTIG Research initiated coverage on shares of Trivago in a research note on Wednesday, June 10th. They issued a neutral rating on the stock. Citigroup dropped their price target on shares of Trivago from $2.10 to $1.90 and set a neutral rating on the stock in a research note on Tuesday, August 11th. BidaskClub cut shares of Trivago from a sell rating to a strong sell rating in a research note on Friday. Finally, SunTrust Banks dropped their price target on shares of Trivago from $2.50 to $2.30 and set a hold rating on the stock in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $2.02.

NASDAQ:TRVG opened at $1.54 on Friday. The stock has a market cap of $541.86 million, a P/E ratio of -2.11 and a beta of 1.26. The firm’s fifty day simple moving average is $1.81 and its 200 day simple moving average is $1.80. Trivago has a twelve month low of $1.30 and a twelve month high of $4.23. The company has a quick ratio of 6.96, a current ratio of 6.96 and a debt-to-equity ratio of 0.14.

Trivago (NASDAQ:TRVG) last released its quarterly earnings results on Tuesday, July 28th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Trivago had a negative net margin of 40.93% and a negative return on equity of 2.46%. The company had revenue of $17.76 million during the quarter, compared to the consensus estimate of $24.74 million. On average, analysts expect that Trivago will post -0.1 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of TRVG. Virtu Financial LLC purchased a new position in Trivago in the 2nd quarter worth about $36,000. Squar Milner Financial Services LLC purchased a new stake in shares of Trivago during the 2nd quarter valued at about $39,000. Bank of America Corp DE increased its position in shares of Trivago by 13,244.3% during the 2nd quarter. Bank of America Corp DE now owns 35,229 shares of the technology company’s stock valued at $69,000 after purchasing an additional 34,965 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Trivago by 64.3% during the 1st quarter. Acadian Asset Management LLC now owns 92,096 shares of the technology company’s stock valued at $135,000 after purchasing an additional 36,057 shares during the last quarter. 10.55% of the stock is owned by institutional investors and hedge funds.

Trivago Company Profile

trivago N.V., together with its subsidiaries, operates as a hotel and accommodation search platform. It offers online meta-search for hotels by facilitating consumers’ search for hotel accommodation through online travel agents, hotel chains, and independent hotels. The company provides access to its platform through 55 localized Websites and apps in 33 languages.

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