Cowen and Company Reiterates “Hold” Rating for Trivago N.V. ADS (TRVG)

Trivago N.V. ADS (NASDAQ:TRVG)‘s stock had its “hold” rating reaffirmed by equities researchers at Cowen and Company in a research note issued on Tuesday, October 17th.

TRVG has been the topic of a number of other reports. Citigroup Inc. reaffirmed a “hold” rating and issued a $12.00 price target on shares of Trivago N.V. ADS in a research note on Wednesday, September 20th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Trivago N.V. ADS in a research note on Thursday, July 27th. Morgan Stanley cut Trivago N.V. ADS from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $22.00 to $12.00 in a research note on Thursday, September 28th. J P Morgan Chase & Co reissued a “buy” rating and set a $16.00 target price (down from $23.00) on shares of Trivago N.V. ADS in a research note on Thursday, September 7th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $24.00 price target (up from $19.00) on shares of Trivago N.V. ADS in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $16.00.

Trivago N.V. ADS (NASDAQ:TRVG) traded down $0.20 during mid-day trading on Tuesday, reaching $8.00. The company’s stock had a trading volume of 550,965 shares, compared to its average volume of 1,931,953. Trivago N.V. ADS has a 1-year low of $7.23 and a 1-year high of $24.27.

Trivago N.V. ADS (NASDAQ:TRVG) last released its earnings results on Wednesday, October 25th. The technology company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. The firm had revenue of $287.90 million during the quarter, compared to the consensus estimate of $286.07 million. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) EPS.

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A number of hedge funds have recently bought and sold shares of TRVG. Steadfast Capital Management LP lifted its holdings in Trivago N.V. ADS by 427.9% in the second quarter. Steadfast Capital Management LP now owns 2,903,957 shares of the technology company’s stock valued at $68,708,000 after acquiring an additional 2,353,883 shares during the period. Foxhaven Asset Management LP increased its position in Trivago N.V. ADS by 29.1% in the second quarter. Foxhaven Asset Management LP now owns 3,427,860 shares of the technology company’s stock worth $81,103,000 after buying an additional 773,500 shares in the last quarter. Acadian Asset Management LLC increased its position in Trivago N.V. ADS by 227.4% in the second quarter. Acadian Asset Management LLC now owns 740,860 shares of the technology company’s stock worth $17,529,000 after buying an additional 514,541 shares in the last quarter. Granahan Investment Management Inc. MA increased its position in Trivago N.V. ADS by 187.9% in the first quarter. Granahan Investment Management Inc. MA now owns 458,264 shares of the technology company’s stock worth $5,971,000 after buying an additional 299,064 shares in the last quarter. Finally, UBS Oconnor LLC increased its position in Trivago N.V. ADS by 104.6% in the first quarter. UBS Oconnor LLC now owns 485,058 shares of the technology company’s stock worth $6,320,000 after buying an additional 247,959 shares in the last quarter. 13.16% of the stock is currently owned by institutional investors.

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.

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

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