Mizuho Cuts Trivago (NASDAQ:TRVG) Price Target to $3.30

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Trivago (NASDAQ:TRVG) had its target price reduced by equities research analysts at Mizuho from $4.00 to $3.30 in a note issued to investors on Thursday, The Fly reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Mizuho’s target price points to a potential upside of 26.44% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Zacks Investment Research raised Trivago from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a report on Friday, January 24th. BidaskClub raised Trivago from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 7th. ValuEngine downgraded Trivago from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $4.30 price target on shares of Trivago in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $4.27.

Trivago stock opened at $2.61 on Thursday. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.11. The business’s fifty day simple moving average is $2.76 and its two-hundred day simple moving average is $3.49. Trivago has a 12 month low of $2.30 and a 12 month high of $5.80. The company has a market capitalization of $918.36 million, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61.

Trivago (NASDAQ:TRVG) last released its earnings results on Wednesday, February 12th. The technology company reported $0.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. Trivago had a return on equity of 2.94% and a net margin of 3.13%. The business had revenue of $155.40 million for the quarter, compared to the consensus estimate of $162.73 million. During the same period in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. On average, equities research analysts predict that Trivago will post 0.06 EPS for the current year.

Several large investors have recently made changes to their positions in TRVG. Schonfeld Strategic Advisors LLC bought a new position in shares of Trivago during the fourth quarter valued at $512,000. Renaissance Technologies LLC bought a new position in shares of Trivago during the fourth quarter valued at $239,000. Millennium Management LLC increased its position in Trivago by 585.6% during the third quarter. Millennium Management LLC now owns 85,380 shares of the technology company’s stock valued at $350,000 after acquiring an additional 72,926 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in Trivago by 149.1% during the second quarter. Parametric Portfolio Associates LLC now owns 101,870 shares of the technology company’s stock valued at $429,000 after acquiring an additional 60,973 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Trivago during the fourth quarter valued at $145,000. 11.47% of the stock is currently owned by hedge funds and other institutional investors.

About Trivago

trivago N.V., together with its subsidiaries, operates as a hotel and accommodation search platform. It offers online meta-search for hotels by facilitating consumers' search for hotel accommodation through online travel agents, hotel chains, and independent hotels. The company provides access to its platform through 55 localized Websites and apps in 33 languages.

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