Zacks Investment Research downgraded shares of Trivago N.V. ADS (NASDAQ:TRVG) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

According to Zacks, “trivago N.V. is a technology company. It provides internet-related services and products in the fields of hotels, lodging and metasearch. trivago N.V. is based in Duesseldorf, Germany. “

A number of other analysts have also weighed in on TRVG. Susquehanna Bancshares Inc restated a neutral rating and issued a $21.00 target price (down from $23.00) on shares of Trivago N.V. ADS in a research note on Wednesday, August 9th. J P Morgan Chase & Co restated an overweight rating and issued a $23.00 target price on shares of Trivago N.V. ADS in a research note on Wednesday, August 9th. Cowen and Company restated a market perform rating and issued a $18.00 target price (down from $20.00) on shares of Trivago N.V. ADS in a research note on Wednesday, August 9th. Citigroup Inc. lowered 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, August 7th. Finally, Wells Fargo & Company assumed coverage on Trivago N.V. ADS in a research note on Wednesday, July 12th. They issued a market perform rating and a $23.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $21.18.

Shares of Trivago N.V. ADS (NASDAQ TRVG) opened at 15.54 on Wednesday. The firm has a market cap of $5.44 billion and a PE ratio of 59.77. The stock has a 50 day moving average of $19.58 and a 200 day moving average of $16.76. Trivago N.V. ADS has a 1-year low of $10.88 and a 1-year high of $24.27.

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 Zacks’ consensus estimate of $0.01 by $0.02. The firm had revenue of $298.30 million during the quarter, compared to the consensus estimate of $293.16 million. Trivago N.V. ADS’s revenue for the quarter was up 66.6% compared to the same quarter last year. Equities research analysts anticipate that Trivago N.V. ADS will post $0.08 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in TRVG. UBS Group AG raised its stake in shares of Trivago N.V. ADS by 1,645.1% in the first quarter. UBS Group AG now owns 51,235 shares of the technology company’s stock worth $668,000 after buying an additional 48,299 shares during the last quarter. Morgan Stanley raised its stake in shares of Trivago N.V. ADS by 72.5% in the first quarter. Morgan Stanley now owns 579,453 shares of the technology company’s stock worth $7,551,000 after buying an additional 243,633 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its stake in shares of Trivago N.V. ADS by 4.8% in the first quarter. Kornitzer Capital Management Inc. KS now owns 104,810 shares of the technology company’s stock worth $1,366,000 after buying an additional 4,810 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Trivago N.V. ADS during the fourth quarter worth approximately $246,000. Finally, Rehmann Capital Advisory Group purchased a new stake in shares of Trivago N.V. ADS during the second quarter worth approximately $251,000. Hedge funds and other institutional investors own 13.63% 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.

Analyst Recommendations for Trivago N.V. ADS (NASDAQ:TRVG)

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