Trivago N.V. ADS (NASDAQ:TRVG) Sees Significant Growth in Short Interest

Trivago N.V. ADS (NASDAQ:TRVG) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 150,290 shares, a growth of 284.4% from the August 15th total of 39,099 shares. Based on an average daily trading volume, of 193,767 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the company’s stock are short sold.

Trivago N.V. ADS Stock Performance

Shares of Trivago N.V. ADS stock opened at $5.62 on Monday. The company’s fifty day simple moving average is $5.46 and its 200-day simple moving average is $4.13. The company has a market cap of $396.88 million, a price-to-earnings ratio of 93.67 and a beta of 0.98. Trivago N.V. ADS has a 1 year low of $2.59 and a 1 year high of $6.49.

Trivago N.V. ADS (NASDAQ:TRVG) last released its earnings results on Wednesday, July 1st. The technology company reported ($0.06) EPS for the quarter. Trivago N.V. ADS had a net margin of 2.19% and a return on equity of 7.76%. The company had revenue of $192.20 million for the quarter. As a group, research analysts forecast that Trivago N.V. ADS will post 0.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TRVG shares. Weiss Ratings raised Trivago N.V. ADS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 19th. B. Riley Financial lifted their price target on shares of Trivago N.V. ADS from $6.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. UBS Group upped their price objective on shares of Trivago N.V. ADS from $3.40 to $6.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Zacks Research upgraded shares of Trivago N.V. ADS from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Finally, Mizuho lifted their target price on shares of Trivago N.V. ADS from $3.00 to $5.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.57.

Insider Activity

In other news, Director Joana Breidenbach sold 35,000 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $5.16, for a total transaction of $180,600.00. Following the completion of the sale, the director owned 16,725 shares in the company, valued at approximately $86,301. This represents a 67.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TRVG. Walleye Capital LLC bought a new stake in shares of Trivago N.V. ADS in the second quarter valued at about $40,000. Bank of America Corp DE raised its holdings in Trivago N.V. ADS by 2,050.1% in the 2nd quarter. Bank of America Corp DE now owns 11,417 shares of the technology company’s stock valued at $43,000 after acquiring an additional 10,886 shares in the last quarter. Sei Investments Co. acquired a new position in Trivago N.V. ADS in the 3rd quarter valued at approximately $45,000. Cubist Systematic Strategies LLC acquired a new position in Trivago N.V. ADS in the 1st quarter valued at approximately $75,000. Finally, Millennium Management LLC lifted its position in shares of Trivago N.V. ADS by 44.6% in the 4th quarter. Millennium Management LLC now owns 31,145 shares of the technology company’s stock worth $90,000 after acquiring an additional 9,603 shares during the period. Institutional investors and hedge funds own 4.50% of the company’s stock.

About Trivago N.V. ADS

Trivago N.V. operates a global hotel and accommodation metasearch platform. Through its websites and mobile applications, the company enables travelers to search, compare and filter lodging options based on factors such as price, location, ratings and amenities. Trivago generally directs users to online travel agencies, hotel chains and other booking providers to complete their reservations.

The company serves consumers across numerous international markets and provides its platform through localized websites and applications in multiple languages and currencies.