trivago (NASDAQ:TRVG) Price target cut to $2.10 by Morgan Stanley analysts
trivago (NASDAQ:TRVG – Get Rating) saw its price target lowered by Morgan Stanley research analysts from $2.20 to $2.10 in a report on Tuesday, Stock Target Advisor reports. The brokerage currently has an “equal weight” rating on shares of the technology company. Morgan Stanley’s target price would suggest a potential upside of 35.92% from the company’s previous close.
A number of other research companies have also weighed in on TRVG recently. Mizuho cut its price target on trivago from $3.00 to $2.50 and set a “buy” rating for the company in a Thursday, August 11 report. UBS Group cut its price target on trivago shares from $2.80 to $1.50 and set a “neutral” rating on the stock in a Monday, Aug. 1 research report. StockNews.com upgraded trivago’s shares from a “strong buy” rating to a “buy” rating in a Wednesday, May 4 research report. TheStreet upgraded trivago’s shares from a “c-” to a “d+” rating in a Monday, June 6 research report. Finally, Truist Financial cut its price target on trivago shares from $3.00 to $2.30 and set a “hold” rating on the stock in a Thursday, July 14 research report. Five research analysts rated the stock with a hold rating and two gave the company a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $2.32.
trivago price performance
The NASDAQ TRVG traded down $0.01 on Tuesday, hitting $1.55. The company had a trading volume of 7,589 shares, compared to an average volume of 386,240. The company has a market capitalization of $554.15 million, a price/earnings ratio of -10.93, a P/E ratio /G of 1.00 and a beta of 1.56. trivago has a fifty-two week minimum of $1.42 and a fifty-two week maximum of $3.20. The company has a 50-day moving average of $1.57 and a 200-day moving average of $1.90.
Hedge funds weigh on trivago
Institutional investors and hedge funds have recently changed their positions in the stock. Penn Capital Management Company LLC increased its position in trivago by 50.9% in Q2. Penn Capital Management Company LLC now owns 1,674,316 shares of the technology company valued at $2,495,000 after acquiring an additional 564,950 shares last quarter. Raymond James Financial Services Advisors Inc. increased its position in trivago by 77.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 903,263 shares of the technology company valued at $2,132,000 after acquiring 393,520 additional shares in the last quarter. Renaissance Group LLC bought a new position in trivago in Q1 worth approximately $1,135,000. Advisor Group Holdings Inc. increased its stake in trivago to 91.6% in Q1. Advisor Group Holdings Inc. now owns 228,439 shares of the technology company valued at $539,000 after buying an additional 109,226 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in trivago by 21.6% in the second quarter. Renaissance Technologies LLC now owns 218,900 shares of the technology company valued at $326,000 after buying 38,844 additional shares in the last quarter. Institutional investors hold 9.00% of the company’s shares.
(Get an assessment)
trivago NV, together with its subsidiaries, operates a hotel and accommodation search platform in the US, Germany, UK and internationally. It offers an online meta search for hotels and accommodations 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.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider trivago, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes viral…and trivago wasn’t on the list.
While trivago currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here