trivago (NASDAQ:TRVG) Given New $3.00 Price Target at B. Riley

trivago (NASDAQ:TRVG) had its price objective decreased by B. Riley from $3.30 to $3.00 in a research report sent to investors on Thursday, Benzinga reports. B. Riley currently has a neutral rating on the technology company’s stock.

Several other research analysts also recently commented on TRVG. Mizuho decreased their target price on shares of trivago from $4.00 to $3.50 and set a buy rating on the stock in a research note on Thursday. UBS Group lowered their price objective on shares of trivago from $6.25 to $2.25 and set a neutral rating for the company in a research note on Monday, February 5th. Finally, StockNews.com raised trivago from a hold rating to a buy rating in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, trivago has an average rating of Hold and a consensus target price of $3.93.

trivago Trading Down 4.0 %

Shares of TRVG stock traded down $0.10 during trading hours on Thursday, reaching $2.41. The stock had a trading volume of 72,407 shares, compared to its average volume of 57,388. trivago has a 12 month low of $2.26 and a 12 month high of $7.40. The firm has a market capitalization of $164.74 million, a PE ratio of -0.85 and a beta of 1.75. The stock’s fifty day simple moving average is $2.62 and its 200 day simple moving average is $2.95.

trivago (NASDAQ:TRVG) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $98.74 million for the quarter, compared to analysts’ expectations of $98.20 million. trivago had a positive return on equity of 4.40% and a negative net margin of 38.54%. As a group, equities research analysts anticipate that trivago will post -0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On trivago

A number of institutional investors have recently modified their holdings of TRVG. Acadian Asset Management LLC grew its holdings in shares of trivago by 29.9% during the third quarter. Acadian Asset Management LLC now owns 2,877,620 shares of the technology company’s stock valued at $2,998,000 after buying an additional 663,200 shares during the last quarter. Inflection Point Investments LLP bought a new position in shares of trivago during the fourth quarter valued at $572,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of trivago during the third quarter valued at $104,000. BNP Paribas Financial Markets purchased a new position in trivago in the 1st quarter worth about $173,000. Finally, New York State Common Retirement Fund lifted its position in trivago by 79.6% during the third quarter. New York State Common Retirement Fund now owns 36,219 shares of the technology company’s stock valued at $38,000 after purchasing an additional 16,056 shares during the period. 4.50% of the stock is 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.