Deutsche Bank AG Reiterates “Hold” Rating for Trivago N.V. ADS (NASDAQ:TRVG)
Deutsche Bank AG reaffirmed their hold rating on shares of Trivago N.V. ADS (NASDAQ:TRVG) in a report published on Wednesday morning. The brokerage currently has a $24.00 price objective on the technology company’s stock, up from their prior price objective of $19.00.
Other research analysts have also issued reports about the company. Zacks Investment Research lowered Trivago N.V. ADS from a buy rating to a hold rating in a report on Wednesday, May 24th. ValuEngine raised Trivago N.V. ADS from a sell rating to a hold rating in a report on Friday, June 2nd. Bank of America Corporation reaffirmed a neutral rating and set a $24.00 target price (up from $18.00) on shares of Trivago N.V. ADS in a report on Wednesday, May 17th. Wells Fargo & Company initiated coverage on Trivago N.V. ADS in a report on Wednesday, July 12th. They set a market perform rating and a $23.00 target price on the stock. Finally, Cowen and Company reaffirmed a hold rating and set a $20.00 target price on shares of Trivago N.V. ADS in a report on Tuesday, July 11th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Trivago N.V. ADS currently has an average rating of Hold and a consensus target price of $21.10.
Trivago N.V. ADS (TRVG) opened at 22.72 on Wednesday. Trivago N.V. ADS has a 1-year low of $10.88 and a 1-year high of $24.27. The firm has a market capitalization of $5.43 billion and a PE ratio of 811.43. The stock’s 50 day moving average is $21.34 and its 200-day moving average is $16.00.
Trivago N.V. ADS (NASDAQ:TRVG) last issued its quarterly earnings results on Monday, May 15th. The technology company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The business had revenue of $267.60 million for the quarter, compared to analyst estimates of $247.62 million. Trivago N.V. ADS’s revenue for the quarter was up 67.9% compared to the same quarter last year. Equities research analysts forecast that Trivago N.V. ADS will post $0.12 EPS for the current year.
COPYRIGHT VIOLATION WARNING: This news story was first published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.watchlistnews.com/deutsche-bank-ag-reiterates-hold-rating-for-trivago-n-v-ads-nasdaqtrvg/1462821.html.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRVG. Creative Planning boosted its position in shares of Trivago N.V. ADS by 87.1% in the second quarter. Creative Planning now owns 4,360 shares of the technology company’s stock worth $103,000 after buying an additional 2,030 shares in the last quarter. Parametric Portfolio Associates LLC bought a new position in shares of Trivago N.V. ADS during the first quarter worth $161,000. Sei Investments Co. bought a new position in shares of Trivago N.V. ADS during the first quarter worth $179,000. Independent Portfolio Consultants Inc. bought a new position in shares of Trivago N.V. ADS during the second quarter worth $190,000. Finally, Edge Wealth Management LLC bought a new position in shares of Trivago N.V. ADS during the second quarter worth $218,000. 11.65% of the stock is currently owned by hedge funds and other institutional investors.
Trivago N.V. ADS Company Profile
Trivago NV is a company based in the Netherlands that operates an online hotel search platform. The platform allows users to search for, compare and book hotels. It gathers information from various third parties’ platforms and provides information about the hotel, pictures, ratings, reviews and filters, such as price, location and extra options.
Receive News & Ratings for Trivago N.V. ADS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trivago N.V. ADS and related companies with Analyst Ratings Network's FREE daily email newsletter.