B. Riley Issues Positive Forecast for Tripadvisor (NASDAQ:TRIP) Stock Price

Tripadvisor (NASDAQ:TRIP) had its target price lifted by equities research analysts at B. Riley from $19.00 to $20.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the travel company’s stock. B. Riley’s price objective indicates a potential upside of 28.62% from the stock’s previous close.

Several other brokerages have also issued reports on TRIP. BMO Capital Markets cut their target price on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Cantor Fitzgerald dropped their price objective on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday. DA Davidson dropped their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Truist Financial dropped their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, UBS Group dropped their price objective on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.60.

Tripadvisor Stock Down 10.7 %

TRIP traded down $1.86 during mid-day trading on Thursday, reaching $15.55. 4,047,057 shares of the stock were exchanged, compared to its average volume of 2,341,662. The company has a 50 day moving average price of $14.74 and a two-hundred day moving average price of $17.07. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $2.16 billion, a PE ratio of 103.67, a price-to-earnings-growth ratio of 10.75 and a beta of 1.37. Tripadvisor has a 1 year low of $12.93 and a 1 year high of $28.76.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $504.76 million. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The company’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. As a group, research analysts anticipate that Tripadvisor will post 0.38 EPS for the current year.

Hedge Funds Weigh In On Tripadvisor

Institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp increased its holdings in shares of Tripadvisor by 104.1% during the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after acquiring an additional 846 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Tripadvisor during the third quarter valued at $28,000. Quest Partners LLC increased its holdings in shares of Tripadvisor by 14,244.4% during the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after acquiring an additional 2,564 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Tripadvisor during the third quarter valued at $43,000. Finally, Gladius Capital Management LP bought a new position in shares of Tripadvisor during the second quarter valued at $79,000. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.