DA Davidson Issues Pessimistic Forecast for TripAdvisor (NASDAQ:TRIP) Stock Price

TripAdvisor (NASDAQ:TRIP) had its price objective lowered by equities researchers at DA Davidson from $11.00 to $10.50 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the travel company’s stock. DA Davidson’s price target would indicate a potential upside of 9.56% from the company’s previous close.

A number of other research firms have also commented on TRIP. Bank of America raised TripAdvisor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $14.00 to $15.00 in a research note on Friday, March 27th. BTIG Research reaffirmed a “buy” rating and set a $15.00 price objective on shares of TripAdvisor in a research note on Thursday, May 7th. Wall Street Zen lowered TripAdvisor from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. The Goldman Sachs Group decreased their price target on TripAdvisor from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Finally, Zacks Research lowered TripAdvisor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $14.26.

TripAdvisor Price Performance

Shares of TRIP traded up $0.12 during trading hours on Monday, reaching $9.58. 1,003,075 shares of the company traded hands, compared to its average volume of 3,499,025. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $1.12 billion, a PE ratio of 95.67, a price-to-earnings-growth ratio of 1.74 and a beta of 0.91. TripAdvisor has a fifty-two week low of $9.01 and a fifty-two week high of $20.16. The stock has a fifty day simple moving average of $10.47 and a 200 day simple moving average of $12.57.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Thursday, May 7th. The travel company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). The company had revenue of $382.40 million for the quarter, compared to analyst estimates of $384.69 million. TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The firm’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. As a group, research analysts predict that TripAdvisor will post 0.74 EPS for the current fiscal year.

Institutional Trading of TripAdvisor

Hedge funds have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC boosted its stake in TripAdvisor by 75.7% in the 3rd quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after buying an additional 656 shares during the last quarter. Covestor Ltd raised its holdings in shares of TripAdvisor by 64.8% in the 3rd quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock worth $29,000 after purchasing an additional 696 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of TripAdvisor in the 4th quarter worth about $33,000. UMB Bank n.a. raised its holdings in shares of TripAdvisor by 295.2% in the 4th quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock worth $33,000 after purchasing an additional 1,718 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of TripAdvisor by 39.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after purchasing an additional 705 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.