Zacks Investment Research Downgrades Trivago N.V. ADS (TRVG) to Sell
Zacks Investment Research lowered shares of Trivago N.V. ADS (NASDAQ:TRVG) from a hold rating to a sell rating in a research report sent to investors on Wednesday.
According to Zacks, “trivago N.V. is a technology company. It provides internet-related services and products in the fields of hotels, lodging and metasearch. trivago N.V. is based in Duesseldorf, Germany. “
TRVG has been the topic of a number of other research reports. Morgan Stanley reiterated an overweight rating and issued a $25.00 price objective on shares of Trivago N.V. ADS in a report on Saturday, July 22nd. Wells Fargo & Company started coverage on shares of Trivago N.V. ADS in a report on Wednesday, July 12th. They issued a market perform rating and a $23.00 price objective on the stock. ValuEngine upgraded shares of Trivago N.V. ADS from a sell rating to a hold rating in a report on Friday, June 2nd. Bank of America Corporation reiterated a neutral rating and issued a $24.00 price objective (up previously from $18.00) on shares of Trivago N.V. ADS in a report on Wednesday, May 17th. Finally, Cowen and Company reiterated a market perform rating and issued a $18.00 price objective (down previously from $20.00) on shares of Trivago N.V. ADS in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $21.18.
Trivago N.V. ADS (NASDAQ:TRVG) opened at 15.51 on Wednesday. Trivago N.V. ADS has a 12-month low of $10.88 and a 12-month high of $24.27. The company has a 50-day moving average price of $18.63 and a 200 day moving average price of $16.88. The stock has a market cap of $5.43 billion and a price-to-earnings ratio of 59.65.
Trivago N.V. ADS (NASDAQ:TRVG) last issued its quarterly earnings data on Friday, August 4th. The technology company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $298.30 million for the quarter, compared to analysts’ expectations of $293.16 million. The company’s revenue for the quarter was up 66.6% on a year-over-year basis. On average, equities research analysts predict that Trivago N.V. ADS will post $0.08 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning boosted its position in Trivago N.V. ADS by 87.1% in the second quarter. Creative Planning now owns 4,360 shares of the technology company’s stock valued at $103,000 after buying an additional 2,030 shares during the period. Thompson Davis & CO. Inc. purchased a new position in Trivago N.V. ADS during the second quarter valued at approximately $124,000. Independent Portfolio Consultants Inc. purchased a new position in Trivago N.V. ADS during the second quarter valued at approximately $190,000. D.A. Davidson & CO. purchased a new position in Trivago N.V. ADS during the second quarter valued at approximately $190,000. Finally, Cetera Investment Advisers purchased a new position in Trivago N.V. ADS during the second quarter valued at approximately $210,000. Hedge funds and other institutional investors own 13.63% 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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