Wells Fargo & Company initiated coverage on shares of Trivago N.V. ADS (NASDAQ:TRVG) in a research note released on Wednesday, July 12th, Marketbeat.com reports. The brokerage issued a market perform rating and a $23.00 price target on the technology company’s stock.

Several other research firms have also issued reports on TRVG. Cowen and Company reiterated a market perform rating and set a $20.00 price objective (up from $17.00) on shares of Trivago N.V. ADS in a research note on Monday, June 5th. Zacks Investment Research upgraded Trivago N.V. ADS from a hold rating to a buy rating and set a $17.00 price objective for the company in a research note on Wednesday, April 26th. Susquehanna Bancshares Inc reiterated a neutral rating and set a $23.00 price objective (up from $14.00) on shares of Trivago N.V. ADS in a research note on Wednesday, May 17th. Bank of America Corporation reiterated a neutral rating and set a $24.00 price objective (up from $18.00) on shares of Trivago N.V. ADS in a research note on Wednesday, May 17th. Finally, ValuEngine upgraded Trivago N.V. ADS from a sell rating to a hold rating in a report on Friday, June 2nd. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $20.91.

Trivago N.V. ADS (NASDAQ TRVG) opened at 17.22 on Wednesday. The firm has a market cap of $4.12 billion and a P/E ratio of 615.00. Trivago N.V. ADS has a one year low of $10.88 and a one year high of $24.27. The stock’s 50 day moving average is $21.49 and its 200 day moving average is $16.20.

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, equities research analysts expect that Trivago N.V. ADS will post $0.12 earnings per share for the current year.

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Institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Trivago N.V. ADS during the fourth quarter worth about $20,562,000. Foxhaven Asset Management LP boosted its position in shares of Trivago N.V. ADS by 127.1% in the first quarter. Foxhaven Asset Management LP now owns 2,654,360 shares of the technology company’s stock worth $34,586,000 after buying an additional 1,485,560 shares during the period. Sylebra HK Co Ltd bought a new position in shares of Trivago N.V. ADS during the first quarter worth about $7,246,000. Acadian Asset Management LLC boosted its position in shares of 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 worth $17,529,000 after buying an additional 514,541 shares during the period. Finally, TCW Group Inc. boosted its position in shares of Trivago N.V. ADS by 350.1% in the first quarter. TCW Group Inc. now owns 544,191 shares of the technology company’s stock worth $7,091,000 after buying an additional 423,291 shares during the period. Hedge funds and other institutional investors 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.

Analyst Recommendations for Trivago N.V. ADS (NASDAQ:TRVG)

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