B. Riley Financial Has Lowered Expectations for TripAdvisor (NASDAQ:TRIP) Stock Price

TripAdvisor (NASDAQ:TRIP) had its target price lowered by investment analysts at B. Riley Financial from $12.50 to $8.50 in a research note issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the travel company’s stock. B. Riley Financial‘s price target would indicate a potential upside of 19.63% from the stock’s previous close.

Several other equities analysts have also recently commented on TRIP. JPMorgan Chase & Co. dropped their target price on shares of TripAdvisor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Friday, August 7th. UBS Group set a $9.00 target price on TripAdvisor and gave the stock a “neutral” rating in a research note on Friday. BTIG Research lowered TripAdvisor from a “buy” rating to a “neutral” rating in a report on Tuesday, July 21st. Cantor Fitzgerald decreased their price target on TripAdvisor from $8.00 to $6.00 and set an “underweight” rating for the company in a research report on Friday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of TripAdvisor in a research report on Wednesday, August 12th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $13.35.

TripAdvisor Stock Down 3.7%

Shares of TRIP traded down $0.28 during trading hours on Friday, reaching $7.11. 2,459,269 shares of the stock traded hands, compared to its average volume of 3,751,165. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.28. The stock has a fifty day simple moving average of $9.00 and a 200 day simple moving average of $10.94. TripAdvisor has a 52 week low of $7.04 and a 52 week high of $16.04. The company has a market cap of $832.70 million, a price-to-earnings ratio of 710.21, a PEG ratio of 4.11 and a beta of 0.87.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Thursday, November 5th. The travel company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.06). TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%. The firm had revenue of $436.40 million for the quarter, compared to analysts’ expectations of $447.39 million. During the same quarter last year, the firm posted $0.58 earnings per share. The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. On average, equities analysts forecast that TripAdvisor will post 0.34 EPS for the current year.

Insider Transactions at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $9.45, for a total value of $75,600.00. Following the sale, the chief executive officer directly owned 30,456 shares in the company, valued at $287,809.20. The trade was a 20.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Maryland State Retirement & Pension System increased its holdings in TripAdvisor by 50.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 25,509 shares of the travel company’s stock worth $214,000 after acquiring an additional 8,551 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in TripAdvisor in the 3rd quarter valued at about $239,000. Illinois Municipal Retirement Fund lifted its holdings in TripAdvisor by 10.7% during the third quarter. Illinois Municipal Retirement Fund now owns 64,367 shares of the travel company’s stock valued at $539,000 after purchasing an additional 6,214 shares during the last quarter. Ballast Asset Management LP lifted its holdings in TripAdvisor by 69.0% during the third quarter. Ballast Asset Management LP now owns 307,025 shares of the travel company’s stock valued at $2,570,000 after purchasing an additional 125,380 shares during the last quarter. Finally, Hennessy Advisors Inc. lifted its holdings in TripAdvisor by 108.9% during the third quarter. Hennessy Advisors Inc. now owns 23,062 shares of the travel company’s stock valued at $193,000 after purchasing an additional 12,021 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

More TripAdvisor News

Here are the key news stories impacting TripAdvisor this week:

• Neutral Sentiment: Tripadvisor announced a restructuring and job cuts as it reworks its strategy. The outgoing CEO reportedly said the Experiences overhaul fell short; cost reductions could help, but the need to reset the initiative highlights execution challenges. Tripadvisor Cuts Jobs, Outgoing CEO Says Experiences Overhaul Fell Short
• Negative Sentiment: Third-quarter adjusted earnings were $0.37 per share, below the $0.43 consensus cited in the earnings report, while revenue of $436.4 million missed estimates of $447.39 million and fell 11.1% year over year. Tripadvisor also reported a $313.1 million net loss, including an approximately $370 million goodwill impairment. Tripadvisor Q3 earnings report
• Negative Sentiment: CEO Matt Goldberg is stepping down and leaving the board, alongside a CFO transition. The leadership departures during a turnaround add uncertainty about strategy and execution. Tripadvisor CEO Matt Goldberg to step down
• Negative Sentiment: Cantor Fitzgerald lowered its price target from $8 to $6 and assigned an “underweight” rating, signaling the analyst sees further downside. Cantor Fitzgerald recommendations
• Negative Sentiment: A law firm announced an investigation into potential securities-law violations following the earnings-related selloff. The investigation is an allegation, not a finding, but could add legal uncertainty. Investor investigation notice

TripAdvisor Company Profile

Tripadvisor, Inc (NASDAQ: TRIP) operates a global travel guidance and experiences platform. Its flagship Tripadvisor brand provides user-generated reviews, ratings, photos and travel information covering hotels, restaurants, attractions and destinations, helping travelers research and plan trips.

The company also operates Viator, an online marketplace for tours, activities and other travel experiences, and TheFork, a digital restaurant reservation platform serving diners and restaurants.