Cantor Fitzgerald Reiterates “Underweight” Rating for Tripadvisor (NASDAQ:TRIP)

Tripadvisor (NASDAQ:TRIP)‘s stock had its “underweight” rating reissued by research analysts at Cantor Fitzgerald in a research note issued on Monday, Benzinga reports. They currently have a $12.00 price objective on the travel company’s stock. Cantor Fitzgerald’s price target suggests a potential downside of 14.83% from the stock’s previous close.

TRIP has been the subject of several other reports. BTIG Research dropped their price target on Tripadvisor from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. The Goldman Sachs Group cut their price target on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. UBS Group reduced their price target on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. TD Cowen dropped their price objective on shares of Tripadvisor from $25.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, August 22nd. Finally, DA Davidson reduced their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.33.

Tripadvisor Price Performance

Tripadvisor stock opened at $14.09 on Monday. Tripadvisor has a 1 year low of $12.93 and a 1 year high of $28.76. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a 50 day moving average price of $14.72 and a 200 day moving average price of $19.16. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 93.94, a PEG ratio of 2.22 and a beta of 1.39.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Tuesday, August 6th. The travel company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $504.76 million. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 EPS. Sell-side analysts predict that Tripadvisor will post 0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TRIP. Fifth Third Bancorp raised its position in shares of Tripadvisor by 104.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after purchasing an additional 846 shares in the last quarter. Quest Partners LLC increased its stake in shares of Tripadvisor by 14,244.4% in the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after buying an additional 2,564 shares during the last quarter. Gladius Capital Management LP acquired a new stake in Tripadvisor in the second quarter valued at $79,000. Future Financial Wealth Managment LLC bought a new position in Tripadvisor during the 1st quarter valued at $83,000. Finally, SYSTM Wealth Solutions LLC grew its holdings in Tripadvisor by 10.5% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock worth $126,000 after acquiring an additional 432 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.