BidaskClub Upgrades Trivago (TRVG) to Buy
BidaskClub upgraded shares of Trivago (NASDAQ:TRVG) from a hold rating to a buy rating in a research report report published on Tuesday morning.
Separately, Zacks Investment Research upgraded shares of Trivago from a hold rating to a buy rating and set a $5.00 target price on the stock in a research note on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $6.84.
Shares of NASDAQ TRVG opened at $7.00 on Tuesday. The company has a market capitalization of $2.62 billion, a PE ratio of -116.67 and a beta of -0.17. Trivago has a 52-week low of $4.01 and a 52-week high of $10.05.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. 683 Capital Management LLC raised its holdings in shares of Trivago by 37.5% during the second quarter. 683 Capital Management LLC now owns 5,500,000 shares of the technology company’s stock valued at $24,970,000 after purchasing an additional 1,500,000 shares during the last quarter. Trellus Management Company LLC raised its holdings in shares of Trivago by 40.0% during the second quarter. Trellus Management Company LLC now owns 280,000 shares of the technology company’s stock valued at $1,271,000 after purchasing an additional 80,000 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Trivago by 167.7% during the first quarter. Wells Fargo & Company MN now owns 109,373 shares of the technology company’s stock valued at $760,000 after purchasing an additional 68,517 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Trivago during the first quarter valued at approximately $500,000. Finally, Atlas Capital Advisors LLC raised its holdings in shares of Trivago by 200.0% during the second quarter. Atlas Capital Advisors LLC now owns 30,000 shares of the technology company’s stock valued at $136,000 after purchasing an additional 20,000 shares during the last quarter. 6.21% of the stock is owned by hedge funds and other institutional investors.
trivago N.V., together with its subsidiaries, operates as a hotel search platform. It offers online meta-search for hotels by facilitating consumers' search for hotel accommodation through online travel agents, hotel chains, and independent hotels. The company provides access to its platform through 55 localized Websites and apps in 33 languages.
Featured Story: What is Considered a Good Return on Equity (ROE)?
Receive News & Ratings for Trivago Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trivago and related companies with MarketBeat.com's FREE daily email newsletter.