trivago (NASDAQ:TRVG) Shares Up 7.6%


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trivago (NASDAQ:TRVG)’s share price shot up 7.6% during trading on Thursday . The stock traded as high as $2.44 and last traded at $2.42. 1,084,220 shares traded hands during mid-day trading, an increase of 88% from the average session volume of 576,437 shares. The stock had previously closed at $2.25.

Several research firms recently commented on TRVG. Zacks Investment Research upgraded trivago from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. Mizuho dropped their price target on trivago from $2.05 to $1.85 in a research note on Wednesday, November 4th. BidaskClub upgraded trivago from a “sell” rating to a “hold” rating in a research note on Friday. Wedbush dropped their price target on trivago from $2.00 to $1.60 and set a “neutral” rating for the company in a research note on Wednesday, November 4th. Finally, Smith Barney Citigroup upped their price target on trivago from $1.50 to $2.20 in a research note on Tuesday, December 8th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $2.01.

The firm has a market cap of $851.50 million, a price-to-earnings ratio of -3.32 and a beta of 1.30. The business has a 50 day moving average price of $2.07 and a 200-day moving average price of $1.80.

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

A number of institutional investors and hedge funds have recently modified their holdings of TRVG. Bank of America Corp DE boosted its holdings in trivago by 13,244.3% in the second quarter. Bank of America Corp DE now owns 35,229 shares of the technology company’s stock valued at $69,000 after purchasing an additional 34,965 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in trivago by 73.3% in the third quarter. Squarepoint Ops LLC now owns 160,584 shares of the technology company’s stock valued at $249,000 after purchasing an additional 67,912 shares during the last quarter. Finally, Virtu Financial LLC boosted its holdings in trivago by 242.3% in the third quarter. Virtu Financial LLC now owns 63,330 shares of the technology company’s stock valued at $98,000 after purchasing an additional 44,827 shares during the last quarter. 10.55% of the stock is owned by hedge funds and other institutional investors.

trivago Company Profile (NASDAQ:TRVG)

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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