Susquehanna Bancshares Inc Reiterates “Neutral” Rating for Trivago N.V. ADS (NASDAQ:TRVG)
Trivago N.V. ADS (NASDAQ:TRVG)‘s stock had its “neutral” rating reissued by equities research analysts at Susquehanna Bancshares Inc in a research report issued to clients and investors on Wednesday. They currently have a $21.00 target price on the technology company’s stock, down from their previous target price of $23.00. Susquehanna Bancshares Inc’s target price indicates a potential upside of 26.28% from the stock’s previous close.
TRVG has been the subject of several other research reports. Citigroup Inc. decreased their target price on Trivago N.V. ADS from $25.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday. Wells Fargo & Company reaffirmed a “hold” rating on shares of Trivago N.V. ADS in a research note on Thursday, July 27th. Zacks Investment Research cut Trivago N.V. ADS from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Deutsche Bank AG reaffirmed a “hold” rating and set a $24.00 target price (up previously from $19.00) on shares of Trivago N.V. ADS in a research note on Wednesday, July 26th. Finally, ValuEngine raised Trivago N.V. ADS from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $21.36.
Trivago N.V. ADS (NASDAQ TRVG) traded up 0.18% during trading on Wednesday, reaching $16.63. 2,883,819 shares of the company were exchanged. Trivago N.V. ADS has a 52-week low of $10.88 and a 52-week high of $24.27. The firm’s 50 day moving average is $21.61 and its 200 day moving average is $16.29. The stock has a market capitalization of $3.98 billion and a PE ratio of 573.45.
Trivago N.V. ADS (NASDAQ:TRVG) last announced its earnings results on Friday, August 4th. The technology company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The company had revenue of $298.30 million during the quarter, compared to analyst estimates of $293.16 million. The firm’s revenue was up 66.6% on a year-over-year basis. Analysts expect that Trivago N.V. ADS will post $0.12 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in TRVG. Creative Planning raised its position in 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 during the period. Parametric Portfolio Associates LLC bought a new position in Trivago N.V. ADS during the first quarter worth $161,000. Sei Investments Co. bought a new position in Trivago N.V. ADS during the first quarter worth $179,000. Independent Portfolio Consultants Inc. bought a new position in Trivago N.V. ADS during the second quarter worth $190,000. Finally, Edge Wealth Management LLC bought a new position in Trivago N.V. ADS during the second quarter worth $218,000. Institutional investors and hedge funds own 11.69% of the company’s stock.
About Trivago N.V. ADS
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.
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