Mizuho Cuts trivago (NASDAQ:TRVG) Price Target to $3.50

trivago (NASDAQ:TRVG) had its price objective decreased by research analysts at Mizuho from $4.00 to $3.50 in a report released on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Mizuho’s price target suggests a potential upside of 39.44% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. UBS Group dropped their target price on shares of trivago from $6.25 to $2.25 and set a “neutral” rating for the company in a report on Monday, February 5th. StockNews.com upgraded shares of trivago from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, trivago has a consensus rating of “Hold” and a consensus price target of $3.93.

trivago Stock Performance

NASDAQ TRVG opened at $2.51 on Thursday. The stock has a market cap of $171.58 million, a PE ratio of -0.89 and a beta of 1.75. The firm has a 50-day moving average of $2.62 and a 200-day moving average of $2.97. trivago has a 52-week low of $2.26 and a 52-week high of $7.40.

trivago (NASDAQ:TRVG) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. trivago had a negative net margin of 38.54% and a positive return on equity of 3.98%. The firm had revenue of $98.74 million during the quarter, compared to the consensus estimate of $98.20 million. As a group, analysts predict that trivago will post -0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On trivago

Several institutional investors and hedge funds have recently made changes to their positions in TRVG. Cambridge Investment Research Advisors Inc. bought a new stake in trivago in the third quarter valued at approximately $104,000. Privium Fund Management UK Ltd acquired a new stake in trivago during the 3rd quarter worth about $37,000. New York State Common Retirement Fund lifted its stake in shares of trivago by 79.6% in the 3rd quarter. New York State Common Retirement Fund now owns 36,219 shares of the technology company’s stock valued at $38,000 after purchasing an additional 16,056 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of trivago by 29.9% during the 3rd quarter. Acadian Asset Management LLC now owns 2,877,620 shares of the technology company’s stock worth $2,998,000 after buying an additional 663,200 shares in the last quarter. Finally, Inflection Point Investments LLP acquired a new stake in shares of trivago during the 4th quarter worth approximately $572,000. Institutional investors and hedge funds own 4.50% of the company’s stock.

About trivago

trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, Canada, Japan, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels.