trivago (NASDAQ:TRVG) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of trivago (NASDAQ:TRVG) in a research report report published on Tuesday morning. The brokerage issued a buy rating on the technology company’s stock.

TRVG has been the subject of a number of other reports. Susquehanna decreased their price target on trivago from $2.25 to $1.75 and set a “neutral” rating for the company in a research note on Thursday, November 7th. UBS Group cut their price target on shares of trivago from $2.25 to $1.95 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $2.55.

trivago Price Performance

TRVG stock opened at $1.66 on Tuesday. trivago has a twelve month low of $1.60 and a twelve month high of $3.32. The firm’s fifty day simple moving average is $1.72 and its two-hundred day simple moving average is $2.00. The stock has a market capitalization of $115.90 million, a price-to-earnings ratio of -23.71 and a beta of 1.63.

Hedge Funds Weigh In On trivago

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC grew its holdings in trivago by 10.3% during the 1st quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock worth $1,966,000 after acquiring an additional 67,053 shares in the last quarter. Tidal Investments LLC bought a new position in trivago in the first quarter worth approximately $393,000. Finally, BNP Paribas Financial Markets purchased a new stake in trivago during the first quarter worth $173,000. Institutional investors 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.