Trivago N.V. ADS (NASDAQ:TRVG) Issues Earnings Results

Trivago N.V. ADS (NASDAQ:TRVG) announced its earnings results on Tuesday. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.06), Zacks reports. Trivago N.V. ADS had a negative net margin of 4.93% and a negative return on equity of 0.46%.

Trivago N.V. ADS Stock Performance

Trivago N.V. ADS stock opened at $3.13 on Wednesday. Trivago N.V. ADS has a 1 year low of $1.64 and a 1 year high of $5.83. The company has a market cap of $220.29 million, a price-to-earnings ratio of -313.00 and a beta of 1.39. The firm has a 50 day moving average price of $3.25 and a 200 day moving average price of $3.71.

Institutional Trading of Trivago N.V. ADS

A number of hedge funds and other institutional investors have recently made changes to their positions in TRVG. Tidal Investments LLC grew its holdings in shares of Trivago N.V. ADS by 11.3% during the second quarter. Tidal Investments LLC now owns 66,115 shares of the technology company’s stock valued at $249,000 after buying an additional 6,706 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Trivago N.V. ADS by 11.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 92,433 shares of the technology company’s stock valued at $348,000 after acquiring an additional 9,315 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of Trivago N.V. ADS in the 2nd quarter valued at about $40,000. Bank of America Corp DE lifted its position in shares of Trivago N.V. ADS by 2,050.1% in the second quarter. Bank of America Corp DE now owns 11,417 shares of the technology company’s stock worth $43,000 after purchasing an additional 10,886 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Trivago N.V. ADS in the first quarter worth approximately $75,000. 4.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on TRVG shares. Wall Street Zen lowered shares of Trivago N.V. ADS from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Susquehanna dropped their target price on shares of Trivago N.V. ADS from $5.50 to $4.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Mizuho initiated coverage on shares of Trivago N.V. ADS in a research report on Tuesday, September 30th. They set a “neutral” rating and a $3.50 price target for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Trivago N.V. ADS in a report on Thursday, October 30th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $4.18.

About Trivago N.V. ADS

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.