trivago (NASDAQ:TRVG) Price Target Cut to $3.50

trivago (NASDAQ:TRVG) had its price target reduced by equities researchers at Mizuho from $4.00 to $3.50 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Mizuho’s price target would indicate a potential upside of 39.44% from the company’s previous close.

A number of other equities analysts have also weighed in on TRVG. StockNews.com raised trivago from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. UBS Group dropped their price target on trivago from $6.25 to $2.25 and set a “neutral” rating for the company in a research note on Monday, February 5th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.93.

trivago Stock Down 2.0 %

TRVG stock opened at $2.51 on Thursday. trivago has a twelve month low of $2.26 and a twelve month high of $7.40. The stock has a market cap of $171.58 million, a P/E ratio of -0.89 and a beta of 1.75. The business’s 50-day moving average price is $2.62 and its 200-day moving average price is $2.97.

trivago (NASDAQ:TRVG) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. trivago had a negative net margin of 38.54% and a positive return on equity of 3.98%. The firm had revenue of $98.74 million during the quarter, compared to analysts’ expectations of $98.20 million. On average, equities research analysts expect that trivago will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On trivago

A number of hedge funds have recently bought and sold shares of the business. Privium Fund Management UK Ltd bought a new stake in trivago in the third quarter worth $37,000. New York State Common Retirement Fund boosted its stake in shares of trivago by 79.6% during the 3rd quarter. New York State Common Retirement Fund now owns 36,219 shares of the technology company’s stock worth $38,000 after purchasing an additional 16,056 shares during the period. Quadrature Capital Ltd bought a new position in trivago during the 4th quarter valued at about $67,000. Cambridge Investment Research Advisors Inc. purchased a new stake in trivago in the 3rd quarter worth about $104,000. Finally, BNP Paribas Financial Markets bought a new stake in trivago in the first quarter worth about $173,000. Hedge funds and other institutional investors own 4.50% of the company’s stock.

About trivago

trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, Canada, Japan, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels.