Trivago N.V. ADS (TRVG) Lowered to “Sell” at Zacks Investment Research

Trivago N.V. ADS (NASDAQ:TRVG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, August 30th.

According to Zacks, “trivago N.V. is a technology company. It provides internet-related services and products in the fields of hotels, lodging and metasearch. trivago N.V. is based in Duesseldorf, Germany. “

Other research analysts have also recently issued reports about the stock. ValuEngine raised shares of Trivago N.V. ADS from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Cowen and Company reaffirmed a “hold” rating and issued a $20.00 target price on shares of Trivago N.V. ADS in a report on Tuesday, July 11th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Trivago N.V. ADS in a report on Thursday, July 27th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $24.00 target price (up from $19.00) on shares of Trivago N.V. ADS in a report on Wednesday, July 26th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $23.00 target price (up from $14.00) on shares of Trivago N.V. ADS in a report on Wednesday, May 17th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Trivago N.V. ADS currently has a consensus rating of “Hold” and a consensus price target of $19.64.

Trivago N.V. ADS (TRVG) traded down 0.36% on Wednesday, hitting $11.10. The stock had a trading volume of 861,425 shares. The company has a 50-day moving average price of $15.60 and a 200 day moving average price of $16.79. Trivago N.V. ADS has a 52-week low of $10.43 and a 52-week high of $24.27. The firm has a market cap of $3.89 billion and a PE ratio of 41.89.

Trivago N.V. ADS (NASDAQ:TRVG) last posted its quarterly earnings results on Friday, August 4th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $298.30 million for the quarter, compared to analysts’ expectations of $293.16 million. Trivago N.V. ADS’s revenue was up 66.6% compared to the same quarter last year. Equities analysts forecast that Trivago N.V. ADS will post $0.05 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in TRVG. Steadfast Capital Management LP boosted its position in Trivago N.V. ADS by 427.9% during the second quarter. Steadfast Capital Management LP now owns 2,903,957 shares of the technology company’s stock worth $68,708,000 after acquiring an additional 2,353,883 shares during the last quarter. Foxhaven Asset Management LP boosted its position in Trivago N.V. ADS by 127.1% during the first quarter. Foxhaven Asset Management LP now owns 2,654,360 shares of the technology company’s stock worth $34,586,000 after acquiring an additional 1,485,560 shares during the last quarter. Sylebra HK Co Ltd acquired a new stake in Trivago N.V. ADS during the first quarter worth approximately $7,246,000. Acadian Asset Management LLC boosted its position in Trivago N.V. ADS by 227.4% during the second quarter. Acadian Asset Management LLC now owns 740,860 shares of the technology company’s stock worth $17,529,000 after acquiring an additional 514,541 shares during the last quarter. Finally, TCW Group Inc. boosted its position in Trivago N.V. ADS by 350.1% during the first quarter. TCW Group Inc. now owns 544,191 shares of the technology company’s stock worth $7,091,000 after acquiring an additional 423,291 shares during the last quarter. Hedge funds and other institutional investors own 13.63% of the company’s stock.

Trivago N.V. ADS Company Profile

Trivago NV is a company based in the Netherlands that operates an online hotel search platform. The platform allows users to search for, compare and book hotels. It gathers information from various third parties’ platforms and provides information about the hotel, pictures, ratings, reviews and filters, such as price, location and extra options.

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Analyst Recommendations for Trivago N.V. ADS (NASDAQ:TRVG)

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