Penn Capital Management Company LLC Purchases 564,950 Shares of trivago (NASDAQ:TRVG)

Penn Capital Management Company LLC raised its position in trivago (NASDAQ:TRVG – Get Rating) by 50.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,674,316 shares of the technology company’s stock after acquiring an additional 564,950 shares during the period. Penn Capital Management Company LLC’s holdings in trivago were worth $2,495,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of TRVG. Advisor Group Holdings Inc. lifted its stake in trivago by 91.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 228,439 shares of the technology company’s stock valued at $539,000 after acquiring an additional 109,226 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in trivago by 77.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 903,263 shares of the technology company’s stock valued at $2,132,000 after acquiring an additional 393,520 shares in the last quarter. Acadian Asset Management LLC lifted its stake in trivago by 253.7% in the 1st quarter. Acadian Asset Management LLC now owns 81,837 shares of the technology company’s stock valued at $192,000 after acquiring an additional 58,698 shares in the last quarter. Renaissance Group LLC bought a new stake in trivago in the 1st quarter valued at approximately $1,135,000. Finally, Renaissance Technologies LLC bought a new stake in trivago in the 1st quarter valued at approximately $425,000. Institutional investors own 10.00% of the company’s stock.

trivago Price Performance

TRVG stock opened at $1.34 on Friday. trivago has a 1-year low of $0.93 and a 1-year high of $2.76. The business’s 50 day simple moving average is $1.19 and its 200 day simple moving average is $1.43.

trivago (NASDAQ:TRVG – Get Rating) last posted its earnings results on Tuesday, November 1st. The technology company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $185.15 million for the quarter, compared to analyst estimates of $182.85 million. trivago had a positive return on equity of 6.00% and a negative net margin of 22.44%. As a group, analysts anticipate that trivago will post 0.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on TRVG shares. Morgan Stanley cut their target price on trivago from $2.10 to $2.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 17th. Mizuho lowered their price target on trivago from $3.00 to $2.50 and set a “buy” rating on the stock in a research report on Thursday, August 11th. StockNews.com lowered trivago from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 3rd. Finally, DA Davidson lowered their price target on trivago from $3.00 to $1.70 and set a “neutral” rating on the stock in a research report on Monday, September 12th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, trivago has an average rating of “Hold” and a consensus target price of $2.08.

trivago Profile

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trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels. The company provides access to its platform through 53 localized websites and apps in 31 languages.