Trivago (TRVG) Rating Increased to Hold at BidaskClub
Trivago (NASDAQ:TRVG) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Trivago from a “buy” rating to a “hold” rating in a research note on Saturday, August 4th. ValuEngine raised Trivago from a “sell” rating to a “hold” rating in a research note on Friday, June 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $8.90.
Shares of NASDAQ:TRVG opened at $5.14 on Wednesday. Trivago has a 52-week low of $4.01 and a 52-week high of $11.63. The company has a market capitalization of $1.68 billion, a P/E ratio of -85.67 and a beta of 1.38.
A number of hedge funds and other institutional investors have recently made changes to their positions in TRVG. Jane Street Group LLC bought a new stake in Trivago during the 1st quarter valued at $108,000. Clear Harbor Asset Management LLC bought a new stake in Trivago during the 2nd quarter valued at $130,000. Atlas Capital Advisors LLC boosted its position in Trivago by 200.0% during the 2nd quarter. Atlas Capital Advisors LLC now owns 30,000 shares of the technology company’s stock valued at $136,000 after acquiring an additional 20,000 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in Trivago during the 1st quarter valued at $500,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Trivago during the 1st quarter valued at $685,000. 6.24% of the stock is currently owned by institutional investors and hedge funds.
trivago N.V., together with its subsidiaries, operates as a hotel 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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