Brokerages Set Tripadvisor, Inc. (NASDAQ:TRIP) Target Price at $24.12

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) have been given a consensus rating of “Hold” by the seventeen research firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $24.12.

A number of equities analysts have weighed in on TRIP shares. TheStreet upgraded shares of Tripadvisor from a “d+” rating to a “c” rating in a research report on Wednesday, February 14th. Mizuho increased their price target on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Truist Financial increased their price target on shares of Tripadvisor from $18.00 to $28.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. B. Riley reissued a “buy” rating and issued a $34.00 price target (up from $27.00) on shares of Tripadvisor in a report on Friday, February 16th. Finally, The Goldman Sachs Group increased their price target on shares of Tripadvisor from $23.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th.

Tripadvisor Price Performance

TRIP opened at $25.79 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.27 and a current ratio of 2.27. The firm has a market cap of $3.56 billion, a P/E ratio of 429.83, a PEG ratio of 1.67 and a beta of 1.56. Tripadvisor has a fifty-two week low of $14.15 and a fifty-two week high of $28.76. The firm has a 50-day moving average of $26.88 and a 200 day moving average of $22.32.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.14. The firm had revenue of $390.00 million during the quarter, compared to analyst estimates of $372.93 million. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. On average, research analysts expect that Tripadvisor will post 0.88 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Moloney Securities Asset Management LLC raised its stake in shares of Tripadvisor by 36.4% during the first quarter. Moloney Securities Asset Management LLC now owns 33,415 shares of the travel company’s stock worth $929,000 after acquiring an additional 8,915 shares in the last quarter. GLOBALT Investments LLC GA bought a new position in shares of Tripadvisor in the first quarter worth approximately $622,000. Capstone Investment Advisors LLC bought a new stake in Tripadvisor in the first quarter valued at $3,725,000. SYSTM Wealth Solutions LLC boosted its holdings in Tripadvisor by 10.5% in the first quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock valued at $126,000 after acquiring an additional 432 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in Tripadvisor by 8.1% in the first quarter. New York State Teachers Retirement System now owns 141,089 shares of the travel company’s stock valued at $3,921,000 after acquiring an additional 10,557 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.