trivago (NASDAQ:TRVG) Cut to “Buy” at StockNews.com

StockNews.com cut shares of trivago (NASDAQ:TRVG) from a strong-buy rating to a buy rating in a report released on Thursday morning.

Other equities analysts also recently issued reports about the stock. Citigroup upped their price objective on shares of trivago from $2.60 to $4.50 and gave the company a “neutral” rating in a report on Monday, March 17th. UBS Group increased their price target on shares of trivago from $3.10 to $3.40 and gave the company a “neutral” rating in a report on Monday. Finally, B. Riley upgraded shares of trivago from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $4.00 to $5.50 in a research report on Thursday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3.73.

trivago Stock Performance

Shares of NASDAQ:TRVG opened at $5.20 on Thursday. trivago has a 52-week low of $1.60 and a 52-week high of $5.83. The company has a market capitalization of $363.67 million, a P/E ratio of -520.00 and a beta of 1.55. The company has a 50-day simple moving average of $4.11 and a 200 day simple moving average of $3.02.

trivago (NASDAQ:TRVG) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. trivago had a positive return on equity of 0.09% and a negative net margin of 5.20%. As a group, equities analysts forecast that trivago will post -0.08 earnings per share for the current year.

Hedge Funds Weigh In On trivago

Hedge funds have recently bought and sold shares of the business. Baader Bank Aktiengesellschaft bought a new stake in trivago in the 4th quarter valued at about $623,000. Compagnie Lombard Odier SCmA raised its position in shares of trivago by 150.0% in the first quarter. Compagnie Lombard Odier SCmA now owns 150,000 shares of the technology company’s stock valued at $615,000 after buying an additional 90,000 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of trivago in the fourth quarter valued at approximately $628,000. 4.50% of the stock is owned by 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.