trivago (NASDAQ:TRVG) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of trivago (NASDAQ:TRVG) in a report published on Wednesday morning. The brokerage issued a buy rating on the technology company’s stock.

Other equities analysts have also issued reports about the company. Susquehanna decreased their target price on trivago from $2.25 to $1.75 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. UBS Group decreased their target price on trivago from $2.25 to $1.95 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, trivago has an average rating of “Hold” and a consensus price target of $2.55.

trivago Trading Up 0.6 %

Shares of TRVG stock opened at $1.68 on Wednesday. trivago has a 52-week low of $1.60 and a 52-week high of $3.29. The business’s fifty day moving average is $1.71 and its 200 day moving average is $1.98.

Hedge Funds Weigh In On trivago

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in trivago during the 1st quarter valued at about $173,000. Tidal Investments LLC purchased a new stake in trivago during the 1st quarter valued at about $393,000. Finally, Acadian Asset Management LLC boosted its holdings in trivago by 10.3% during the 1st quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock valued at $1,966,000 after acquiring an additional 67,053 shares during the period. 4.50% of the stock is currently owned by hedge funds and other institutional investors.

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.