trivago (NASDAQ:TRVG) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of trivago (NASDAQ:TRVG) in a research note published on Tuesday. The firm issued a buy rating on the technology company’s stock.

Several other research firms have also recently commented on TRVG. Susquehanna reduced their price target on trivago from $2.25 to $1.75 and set a “neutral” rating for the company in a report on Thursday, November 7th. UBS Group reduced their price objective on shares of trivago from $2.25 to $1.95 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $2.55.

trivago Stock Up 0.6 %

Shares of trivago stock opened at $1.66 on Tuesday. The firm has a market cap of $115.90 million, a price-to-earnings ratio of -23.71 and a beta of 1.63. trivago has a 52-week low of $1.60 and a 52-week high of $3.50. The company’s 50-day simple moving average is $1.73 and its 200-day simple moving average is $2.01.

Institutional Trading of trivago

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new stake in shares of trivago during the 1st quarter worth about $173,000. Tidal Investments LLC acquired a new stake in trivago during the first quarter worth approximately $393,000. Finally, Acadian Asset Management LLC grew its stake in trivago by 10.3% in the 1st quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock worth $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.