Trivago N.V. ADS (TRVG) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of Trivago N.V. ADS (NASDAQ:TRVG) from a buy rating to a hold rating in a report released on Saturday 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. “

Other research analysts also recently issued reports about the company. Bank of America Corporation restated a neutral rating and set a $24.00 price objective (up from $18.00) on shares of Trivago N.V. ADS in a report on Wednesday, May 17th. Susquehanna Bancshares Inc restated a neutral rating and set a $23.00 price objective (up from $14.00) on shares of Trivago N.V. ADS in a report on Wednesday, May 17th. ValuEngine upgraded Trivago N.V. ADS from a sell rating to a hold rating in a report on Friday, June 2nd. Cowen and Company restated a market perform rating and set a $20.00 price objective (up from $17.00) on shares of Trivago N.V. ADS in a report on Monday, June 5th. Finally, Deutsche Bank AG reaffirmed a hold rating and set a $13.00 target price on shares of Trivago N.V. ADS in a research report on Monday, February 27th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $18.00.

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

Shares of Trivago N.V. ADS (NASDAQ TRVG) opened at 18.30 on Friday. Trivago N.V. ADS has a 12 month low of $10.88 and a 12 month high of $21.89. The company has a market capitalization of $4.38 billion and a price-to-earnings ratio of 677.78. The stock has a 50 day moving average price of $18.62 and a 200-day moving average price of $14.14.

Trivago N.V. ADS (NASDAQ:TRVG) last issued its quarterly earnings results on Monday, May 15th. The technology company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $267.60 million during the quarter, compared to analysts’ expectations of $247.62 million. The company’s revenue for the quarter was up 67.9% compared to the same quarter last year. Analysts expect that Trivago N.V. ADS will post $0.12 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 the stock. Kornitzer Capital Management Inc. KS boosted 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 valued at $1,366,000 after buying an additional 4,810 shares during the period. Parametric Portfolio Associates LLC bought a new stake in shares of Trivago N.V. ADS during the first quarter valued at about $161,000. Sei Investments Co. bought a new stake in shares of Trivago N.V. ADS during the first quarter valued at about $179,000. Geode Capital Management LLC bought a new stake in shares of Trivago N.V. ADS during the first quarter valued at about $194,000. Finally, Stifel Financial Corp boosted its stake in shares of Trivago N.V. ADS by 12.3% in the first quarter. Stifel Financial Corp now owns 149,640 shares of the technology company’s stock valued at $1,946,000 after buying an additional 16,389 shares during the period. 11.63% of the stock is currently owned by institutional investors and hedge funds.

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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