B. Riley Cuts trivago (NASDAQ:TRVG) Price Target to $3.00

trivago (NASDAQ:TRVG) had its target price decreased by B. Riley from $3.30 to $3.00 in a report issued on Thursday morning, Benzinga reports. B. Riley currently has a neutral rating on the technology company’s stock.

Several other equities analysts have also issued reports on TRVG. UBS Group dropped their price target on trivago from $6.25 to $2.25 and set a neutral rating on the stock in a research note on Monday, February 5th. Mizuho dropped their target price on shares of trivago from $4.00 to $3.50 and set a buy rating on the stock in a research report on Thursday. Finally, StockNews.com raised shares of trivago from a hold rating to a buy rating in a research note on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $3.93.

trivago Price Performance

Shares of NASDAQ TRVG opened at $2.41 on Thursday. trivago has a twelve month low of $2.26 and a twelve month high of $7.40. The firm has a fifty day simple moving average of $2.62 and a 200 day simple moving average of $2.93.

trivago (NASDAQ:TRVG) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $98.74 million during the quarter, compared to the consensus estimate of $98.20 million. trivago had a positive return on equity of 4.40% and a negative net margin of 38.54%. As a group, research analysts anticipate that trivago will post -0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On trivago

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets bought a new position in shares of trivago during the 1st quarter worth about $173,000. Quadrature Capital Ltd acquired a new stake in shares of trivago in the 4th quarter worth about $67,000. Inflection Point Investments LLP acquired a new stake in shares of trivago in the 4th quarter worth about $572,000. Acadian Asset Management LLC raised its holdings in shares of trivago by 29.9% in the 3rd quarter. Acadian Asset Management LLC now owns 2,877,620 shares of the technology company’s stock worth $2,998,000 after acquiring an additional 663,200 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of trivago by 79.6% in the 3rd quarter. New York State Common Retirement Fund now owns 36,219 shares of the technology company’s stock worth $38,000 after acquiring an additional 16,056 shares during the last quarter. 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.