trivago (NASDAQ:TRVG) PT Lowered to $3.00 at B. Riley

trivago (NASDAQ:TRVG) had its price target reduced by analysts at B. Riley from $3.30 to $3.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. B. Riley’s price target indicates a potential upside of 19.52% from the company’s previous close.

TRVG has been the subject of several other reports. UBS Group reduced their target price on trivago from $6.25 to $2.25 and set a “neutral” rating for the company in a report on Monday, February 5th. StockNews.com raised trivago from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Finally, Mizuho reduced their price objective on trivago from $4.00 to $3.50 and set a “buy” rating for the company in a report on Thursday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $3.93.

trivago Stock Performance

TRVG stock remained flat at $2.51 during trading on Thursday. The company had a trading volume of 40,623 shares, compared to its average volume of 72,496. The business’s fifty day simple moving average is $2.62 and its 200 day simple moving average is $2.97. trivago has a fifty-two week low of $2.26 and a fifty-two week high of $7.40. The firm has a market capitalization of $171.58 million, a price-to-earnings ratio of -0.89 and a beta of 1.75.

trivago (NASDAQ:TRVG) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. trivago had a positive return on equity of 3.98% and a negative net margin of 38.54%. The business had revenue of $98.74 million for the quarter, compared to the consensus estimate of $98.20 million. As a group, sell-side analysts predict that trivago will post -0.08 EPS for the current year.

Institutional Investors Weigh In On trivago

Institutional investors and hedge funds have recently made changes to their positions in the business. Privium Fund Management UK Ltd purchased a new stake in trivago during the third quarter valued at about $37,000. New York State Common Retirement Fund increased its holdings in shares of trivago by 79.6% in the third quarter. New York State Common Retirement Fund now owns 36,219 shares of the technology company’s stock worth $38,000 after buying an additional 16,056 shares during the period. Quadrature Capital Ltd purchased a new position in shares of trivago in the fourth quarter worth about $67,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of trivago in the third quarter worth about $104,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of trivago in the first quarter worth about $173,000. Hedge funds and other institutional investors own 4.50% of the company’s stock.

trivago Company Profile

trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, Canada, Japan, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels.