Citigroup Forecasts Strong Price Appreciation for trivago (NASDAQ:TRVG) Stock

trivago (NASDAQ:TRVG) had its price objective lifted by analysts at Citigroup from $2.60 to $4.50 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Citigroup’s price objective indicates a potential upside of 4.90% from the company’s previous close.

Separately, StockNews.com assumed coverage on shares of trivago in a report on Saturday, February 8th. They issued a “strong-buy” rating for the company. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2.94.

trivago Stock Up 4.1 %

NASDAQ:TRVG traded up $0.17 during mid-day trading on Monday, hitting $4.29. 74,218 shares of the stock traded hands, compared to its average volume of 72,142. The stock has a market capitalization of $300.03 million, a price-to-earnings ratio of -429.40 and a beta of 1.58. trivago has a 52 week low of $1.60 and a 52 week high of $5.03. The firm’s 50 day moving average is $3.45 and its two-hundred day moving average is $2.46.

trivago (NASDAQ:TRVG) last issued its earnings results on Tuesday, February 4th. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. trivago had a negative net margin of 5.20% and a positive return on equity of 0.09%. As a group, research analysts predict that trivago will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in trivago stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of trivago (NASDAQ:TRVG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 288,236 shares of the technology company’s stock, valued at approximately $628,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.41% of trivago at the end of the most recent reporting period. 4.50% of the stock is currently owned by institutional investors and hedge funds.

trivago Company Profile

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.