Bank of America Corporation downgraded shares of Trivago N.V. ADS (NASDAQ:TRVG) from a buy rating to a neutral rating in a research report released on Thursday morning, MarketBeat Ratings reports. They currently have $14.00 price objective on the technology company’s stock, down from their prior price objective of $22.00.

Several other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Trivago N.V. ADS from a hold rating to a sell rating in a report on Wednesday, August 30th. Cowen and Company reissued a market perform rating and issued a $18.00 price target (down from $20.00) on shares of Trivago N.V. ADS in a report on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a neutral rating and issued a $21.00 price target (down from $23.00) on shares of Trivago N.V. ADS in a report on Wednesday, August 9th. J P Morgan Chase & Co reissued an overweight rating and issued a $23.00 price target on shares of Trivago N.V. ADS in a report on Wednesday, August 9th. Finally, Citigroup Inc. cut their price target on shares of Trivago N.V. ADS from $25.00 to $19.00 and set a neutral rating for the company in a report on Monday, August 7th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $19.64.

Trivago N.V. ADS (TRVG) opened at 10.96 on Thursday. The firm’s 50-day moving average is $17.28 and its 200 day moving average is $16.84. The firm has a market capitalization of $3.84 billion and a P/E ratio of 42.15. Trivago N.V. ADS has a 12 month low of $10.43 and a 12 month high of $24.27.

Trivago N.V. ADS (NASDAQ:TRVG) last announced its quarterly earnings results on Friday, August 4th. The technology company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm’s quarterly revenue was up 66.6% compared to the same quarter last year. On average, analysts expect that Trivago N.V. ADS will post $0.08 EPS for the current fiscal year.

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Several institutional investors have recently bought and sold shares of the company. Foxhaven Asset Management LP raised its position in shares of Trivago N.V. ADS by 29.1% during the 2nd quarter. Foxhaven Asset Management LP now owns 3,427,860 shares of the technology company’s stock valued at $81,103,000 after buying an additional 773,500 shares in the last quarter. Steadfast Capital Management LP raised its position in shares of Trivago N.V. ADS by 427.9% during the 2nd quarter. Steadfast Capital Management LP now owns 2,903,957 shares of the technology company’s stock valued at $68,708,000 after buying an additional 2,353,883 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Trivago N.V. ADS by 227.4% during the 2nd quarter. Acadian Asset Management LLC now owns 740,860 shares of the technology company’s stock valued at $17,529,000 after buying an additional 514,541 shares in the last quarter. Morgan Stanley raised its position in shares of Trivago N.V. ADS by 72.5% during the 1st quarter. Morgan Stanley now owns 579,453 shares of the technology company’s stock valued at $7,551,000 after buying an additional 243,633 shares in the last quarter. Finally, Sylebra HK Co Ltd purchased a new stake in shares of Trivago N.V. ADS during the 1st quarter valued at $7,246,000. 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.

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

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