trivago (NASDAQ:TRVG) PT Lowered to $3.00

trivago (NASDAQ:TRVG) had its target price reduced by B. Riley from $3.30 to $3.00 in a report issued on Thursday morning, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Other equities research analysts have also issued reports about the stock. StockNews.com upgraded shares of trivago from a hold rating to a buy rating in a research note on Thursday, February 8th. UBS Group dropped their target price on trivago from $6.25 to $2.25 and set a neutral rating on the stock in a report on Monday, February 5th. Finally, Mizuho decreased their price target on trivago from $4.00 to $3.50 and set a buy rating for the company in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $3.93.

trivago Trading Down 4.0 %

trivago stock opened at $2.41 on Thursday. trivago has a fifty-two week low of $2.26 and a fifty-two week high of $7.40. The firm has a 50 day moving average price of $2.62 and a 200 day moving average price of $2.93.

trivago (NASDAQ:TRVG) last released its earnings results on Tuesday, February 6th. The technology company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $98.74 million for the quarter, compared to analyst estimates of $98.20 million. trivago had a negative net margin of 38.54% and a positive return on equity of 4.40%. As a group, equities research analysts anticipate that trivago will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On trivago

A number of hedge funds and other institutional investors have recently bought and sold shares of TRVG. Acadian Asset Management LLC lifted its holdings in trivago by 29.9% in the third quarter. Acadian Asset Management LLC now owns 2,877,620 shares of the technology company’s stock valued at $2,998,000 after acquiring an additional 663,200 shares during the period. Inflection Point Investments LLP acquired a new stake in trivago in the fourth quarter valued at $572,000. Cambridge Investment Research Advisors Inc. acquired a new stake in trivago in the third quarter valued at $104,000. BNP Paribas Financial Markets acquired a new stake in trivago in the first quarter valued at $173,000. Finally, Privium Fund Management UK Ltd acquired a new stake in trivago in the third quarter valued at $37,000. Institutional investors and hedge funds own 4.50% of the company’s stock.

trivago Company Profile

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.