Citigroup Inc. Cuts Trivago N.V. ADS (NASDAQ:TRVG) Price Target to $19.00
Trivago N.V. ADS (NASDAQ:TRVG) had its price objective trimmed by Citigroup Inc. from $25.00 to $19.00 in a report released on Monday morning. The brokerage currently has a neutral rating on the technology company’s stock.
Several other research firms have also issued reports on TRVG. Zacks Investment Research upgraded Trivago N.V. ADS from a hold rating to a buy rating and set a $27.00 price objective for the company in a research note on Thursday, July 20th. Wells Fargo & Company restated a hold rating on shares of Trivago N.V. ADS in a report on Thursday, July 27th. Deutsche Bank AG restated a hold rating and set a $24.00 target price (up previously from $19.00) on shares of Trivago N.V. ADS in a report on Wednesday, July 26th. Morgan Stanley restated an overweight rating and set a $25.00 target price on shares of Trivago N.V. ADS in a report on Saturday, July 22nd. Finally, Cowen and Company restated a hold rating and set a $20.00 target price on shares of Trivago N.V. ADS in a report on Tuesday, July 11th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $20.91.
Trivago N.V. ADS (NASDAQ:TRVG) traded down 2.584% during midday trading on Monday, reaching $16.775. 1,181,407 shares of the company traded hands. The company has a 50-day moving average price of $21.49 and a 200-day moving average price of $16.20. The company has a market cap of $4.01 billion and a price-to-earnings ratio of 599.107. Trivago N.V. ADS has a 12-month low of $10.88 and a 12-month high of $24.27.
Trivago N.V. ADS (NASDAQ:TRVG) last released its quarterly earnings data on Friday, August 4th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.02. The business had revenue of $298.30 million during the quarter, compared to analysts’ expectations of $293.16 million. Trivago N.V. ADS’s revenue for the quarter was up 66.6% compared to the same quarter last year. On average, analysts predict that Trivago N.V. ADS will post $0.12 earnings per share for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC purchased a new position in Trivago N.V. ADS during the second quarter valued at about $1,167,000. Cadence Capital Management LLC purchased a new position in Trivago N.V. ADS during the second quarter valued at about $976,000. TD Asset Management Inc. boosted its position in Trivago N.V. ADS by 8.6% in the second quarter. TD Asset Management Inc. now owns 74,781 shares of the technology company’s stock valued at $1,769,000 after buying an additional 5,900 shares in the last quarter. Edge Wealth Management LLC purchased a new position in Trivago N.V. ADS during the second quarter valued at about $218,000. Finally, Acadian Asset Management LLC boosted its position in Trivago N.V. ADS by 227.4% in the second quarter. Acadian Asset Management LLC now owns 740,860 shares of the technology company’s stock valued at $17,529,000 after buying an additional 514,541 shares in the last quarter. Institutional investors and hedge funds own 11.69% of the company’s stock.
Trivago N.V. ADS Company Profile
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.
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