Trivago N.V. ADS (TRVG) Lifted to “Buy” at Deutsche Bank
Deutsche Bank upgraded shares of Trivago N.V. ADS (NASDAQ:TRVG) from a hold rating to a buy rating in a research report report published on Friday morning, Marketbeat Ratings reports. They currently have $13.00 target price on the technology company’s stock.
Several other brokerages also recently commented on TRVG. Zacks Investment Research downgraded shares of Trivago N.V. ADS from a buy rating to a hold rating in a report on Saturday, August 12th. J P Morgan Chase & Co downgraded shares of Trivago N.V. ADS from an overweight rating to a neutral rating and set a $14.00 price target on the stock. in a report on Wednesday, September 27th. Morgan Stanley downgraded shares of Trivago N.V. ADS from an overweight rating to an equal weight rating and cut their price target for the company from $22.00 to $12.00 in a report on Thursday, September 28th. Guggenheim downgraded shares of Trivago N.V. ADS from a buy rating to a neutral rating and set a $15.00 price target on the stock. in a report on Thursday, October 26th. Finally, Citigroup reiterated a hold rating and set a $12.00 price target on shares of Trivago N.V. ADS in a report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $16.00.
Shares of Trivago N.V. ADS (TRVG) opened at $6.60 on Friday. Trivago N.V. ADS has a fifty-two week low of $6.45 and a fifty-two week high of $24.27.
Trivago N.V. ADS (NASDAQ:TRVG) last posted its earnings results on Wednesday, October 25th. The technology company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $287.90 million during the quarter, compared to the consensus estimate of $286.07 million. During the same quarter last year, the firm earned ($0.01) earnings per share. The business’s quarterly revenue was up 16.7% on a year-over-year basis.
Institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers purchased a new stake in shares of Trivago N.V. ADS in the 2nd quarter worth approximately $210,000. Russell Investments Group Ltd. purchased a new stake in shares of Trivago N.V. ADS in the 2nd quarter worth approximately $1,812,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Trivago N.V. ADS in the 2nd quarter worth approximately $2,901,000. Balyasny Asset Management LLC purchased a new stake in shares of Trivago N.V. ADS in the 2nd quarter worth approximately $2,597,000. Finally, AO Asset Management LLC purchased a new stake in Trivago N.V. ADS during the second quarter valued at approximately $4,058,000. 8.20% of the stock is owned by hedge funds and other institutional investors.
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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