Tripadvisor (TRIP) Earning Critical Press Coverage, Analysis Shows
News coverage about Tripadvisor (NASDAQ:TRIP) has been trending negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Tripadvisor earned a media sentiment score of -2.00 on their scale. InfoTrie also assigned media coverage about the travel company an news buzz score of 3 out of 10, indicating that recent press coverage is unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Tripadvisor’s score:
- Tripadvisor Inc (TRIP) Insider Noel Bertram Watson Sells 723 Shares (americanbankingnews.com)
- TripAdvisor overhauls offering with new community focus (breakingtravelnews.com)
- 3 Key Numbers From TripAdvisor’s Strong Third-Quarter Report (fool.com)
- TripAdvisor Launches Redesign to Hook the Non-Bookers (skift.com)
- Is There Still More Upside for TripAdvisor Stock? (realmoney.thestreet.com)
A number of equities analysts have issued reports on TRIP shares. Evercore ISI started coverage on Tripadvisor in a research note on Monday, October 15th. They set an “in-line” rating and a $45.00 price target for the company. BidaskClub downgraded Tripadvisor from a “buy” rating to a “hold” rating in a research note on Saturday, August 25th. Wells Fargo & Co restated a “hold” rating and issued a $48.00 target price on shares of Tripadvisor in a research note on Thursday, August 2nd. ValuEngine downgraded Tripadvisor from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. Finally, Barclays cut their target price on Tripadvisor from $70.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, August 6th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Tripadvisor currently has an average rating of “Hold” and an average price target of $54.71.
Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, November 7th. The travel company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.48 by $0.24. Tripadvisor had a return on equity of 7.46% and a net margin of 1.38%. The business had revenue of $458.00 million for the quarter, compared to the consensus estimate of $469.09 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. Tripadvisor’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts anticipate that Tripadvisor will post 0.83 earnings per share for the current year.
In related news, insider Noel Bertram Watson sold 723 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $63.30, for a total value of $45,765.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.10% of the stock is currently owned by corporate insiders.
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Tripadvisor Company Profile
TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.
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