Morgan Stanley Raises trivago (NASDAQ:TRVG) Price Target to $2.20


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trivago (NASDAQ:TRVG) had its price target lifted by Morgan Stanley from $2.10 to $2.20 in a research note published on Monday, Analyst Ratings Network reports. The firm currently has an equal weight rating on the technology company’s stock.

A number of other analysts have also recently weighed in on the company. Mizuho raised their price target on trivago from $1.85 to $2.30 and gave the company a buy rating in a research note on Friday, January 8th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on trivago from $1.50 to $2.20 in a research note on Tuesday, December 8th. Zacks Investment Research upgraded trivago from a sell rating to a hold rating in a research note on Saturday, September 26th. BidaskClub upgraded trivago from a sell rating to a hold rating in a research note on Friday, January 1st. Finally, Smith Barney Citigroup raised their price target on trivago from $1.50 to $2.20 in a research note on Tuesday, December 8th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. trivago currently has a consensus rating of Hold and a consensus target price of $2.06.

TRVG opened at $2.26 on Monday. trivago has a 52 week low of $1.25 and a 52 week high of $3.07. The business has a fifty day simple moving average of $2.28 and a 200-day simple moving average of $1.82. The firm has a market cap of $795.20 million, a P/E ratio of -3.10 and a beta of 1.30.

trivago (NASDAQ:TRVG) last released its earnings results on Monday, November 2nd. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $70.88 million during the quarter, compared to analyst estimates of $72.99 million. trivago had a negative return on equity of 2.46% and a negative net margin of 40.93%. Research analysts expect that trivago will post -0.1 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in TRVG. Virtu Financial LLC increased its position in trivago by 242.3% during the 3rd quarter. Virtu Financial LLC now owns 63,330 shares of the technology company’s stock worth $98,000 after purchasing an additional 44,827 shares in the last quarter. Bank of America Corp DE boosted its stake in trivago by 13,244.3% in the 2nd quarter. Bank of America Corp DE now owns 35,229 shares of the technology company’s stock worth $69,000 after buying an additional 34,965 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its stake in trivago by 73.3% in the 3rd quarter. Squarepoint Ops LLC now owns 160,584 shares of the technology company’s stock worth $249,000 after buying an additional 67,912 shares during the last quarter. Institutional investors and hedge funds own 10.55% of the company’s stock.

About trivago

trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform. It offers online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels. The company provides access to its platform through 54 localized websites and apps in 32 languages.

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Analyst Recommendations for trivago (NASDAQ:TRVG)

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