trivago (NASDAQ:TRVG) Given New $4.50 Price Target at Citigroup

trivago (NASDAQ:TRVG) had its target price hoisted by Citigroup from $2.60 to $4.50 in a report issued on Monday,Benzinga reports. Citigroup currently has a neutral rating on the technology company’s stock.

Separately, StockNews.com started coverage on shares of trivago in a report on Saturday, February 8th. They issued a “strong-buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2.94.

trivago Stock Performance

NASDAQ TRVG opened at $4.25 on Monday. trivago has a one year low of $1.60 and a one year high of $5.03. The company’s 50 day moving average price is $3.49 and its 200 day moving average price is $2.48. The firm has a market capitalization of $297.23 million, a price-to-earnings ratio of -425.00 and a beta of 1.58.

trivago (NASDAQ:TRVG) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. trivago had a negative net margin of 5.20% and a positive return on equity of 0.09%. Sell-side analysts forecast that trivago will post -0.08 EPS for the current fiscal year.

Institutional Trading of trivago

A hedge fund recently bought a new stake in trivago stock. Baader Bank Aktiengesellschaft purchased a new position in shares of trivago (NASDAQ:TRVG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 285,804 shares of the technology company’s stock, valued at approximately $623,000. Baader Bank Aktiengesellschaft owned approximately 0.41% of trivago at the end of the most recent quarter. 4.50% of the stock is currently owned by hedge funds and other institutional investors.

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.