trivago (NASDAQ:TRVG) Price Target Lowered to $1.95 at UBS Group

trivago (NASDAQ:TRVG) had its price target decreased by UBS Group from $2.25 to $1.95 in a research note released on Wednesday morning, Benzinga reports. UBS Group currently has a neutral rating on the technology company’s stock.

Several other equities analysts have also commented on the stock. StockNews.com initiated coverage on shares of trivago in a research report on Saturday, October 19th. They set a “buy” rating for the company. Susquehanna dropped their price target on shares of trivago from $2.50 to $2.25 and set a “neutral” rating on the stock in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $2.68.

trivago Trading Down 2.9 %

TRVG opened at $1.65 on Wednesday. The company’s 50-day moving average price is $1.84 and its 200 day moving average price is $2.11. trivago has a fifty-two week low of $1.61 and a fifty-two week high of $5.90.

trivago (NASDAQ:TRVG) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $127.62 million for the quarter, compared to the consensus estimate of $127.25 million. trivago had a positive return on equity of 1.30% and a negative net margin of 41.42%. During the same quarter last year, the business posted $0.10 EPS. Equities analysts expect that trivago will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On trivago

A number of institutional investors and hedge funds have recently bought and sold shares of TRVG. Quadrature Capital Ltd bought a new position in shares of trivago in the fourth quarter valued at approximately $67,000. BNP Paribas Financial Markets bought a new position in trivago during the 1st quarter valued at $173,000. Acadian Asset Management LLC increased its position in shares of trivago by 10.3% during the 1st quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock valued at $1,966,000 after purchasing an additional 67,053 shares during the period. Finally, Tidal Investments LLC bought a new stake in shares of trivago in the 1st quarter worth $393,000. Institutional investors 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.