Trivago N.V. ADS (TRVG) Earns Market Perform Rating from Analysts at Wells Fargo & Company
Wells Fargo & Company assumed coverage on shares of Trivago N.V. ADS (NASDAQ:TRVG) in a research report released on Wednesday, MarketBeat reports. The brokerage issued a market perform rating and a $23.00 price target on the technology company’s stock.
Other equities analysts have also issued reports about the company. Zacks Investment Research raised Trivago N.V. ADS from a hold rating to a buy rating and set a $17.00 price objective for the company in a report on Wednesday, April 26th. Bank of America Corporation reissued a neutral rating and issued a $24.00 price objective (up from $18.00) on shares of Trivago N.V. ADS in a report on Wednesday, May 17th. ValuEngine raised Trivago N.V. ADS from a sell rating to a hold rating in a report on Friday, June 2nd. Cowen and Company reissued a market perform rating and issued a $20.00 price objective (up from $17.00) on shares of Trivago N.V. ADS in a report on Monday, June 5th. Finally, Susquehanna Bancshares Inc reissued a neutral rating and issued a $23.00 price objective (up from $14.00) on shares of Trivago N.V. ADS in a report on Wednesday, May 17th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $18.50.
Trivago N.V. ADS (NASDAQ TRVG) traded down 0.13% during mid-day trading on Wednesday, reaching $22.55. The company’s stock had a trading volume of 142,468 shares. The stock has a market capitalization of $5.39 billion and a price-to-earnings ratio of 805.36. Trivago N.V. ADS has a 52 week low of $10.88 and a 52 week high of $23.98. The firm has a 50-day moving average of $19.29 and a 200-day moving average of $14.55.
Trivago N.V. ADS (NASDAQ:TRVG) last posted its earnings results on Monday, May 15th. The technology company reported $0.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The company had revenue of $267.60 million for the quarter, compared to the consensus estimate of $247.62 million. The firm’s revenue was up 67.9% compared to the same quarter last year. On average, equities research analysts expect that Trivago N.V. ADS will post $0.09 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the company. Creative Planning increased its stake 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. Independent Portfolio Consultants Inc. bought a new stake in shares of Trivago N.V. ADS during the second quarter worth approximately $190,000. Parametric Portfolio Associates LLC bought a new stake in shares of Trivago N.V. ADS during the first quarter worth approximately $161,000. Sei Investments Co. bought a new stake in shares of Trivago N.V. ADS during the first quarter worth approximately $179,000. Finally, Oxford Asset Management bought a new stake in shares of Trivago N.V. ADS during the first quarter worth approximately $255,000. Hedge funds and other institutional investors own 11.64% of the company’s stock.
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.
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