Shares of Trivago N.V. ADS (NASDAQ:TRVG) were down 1.5% on Monday following a dissappointing earnings announcement. The stock traded as low as $16.16 and last traded at $17.16, with a volume of 1,843,311 shares traded. The stock had previously closed at $17.42.
The technology company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $298.30 million during the quarter, compared to the consensus estimate of $293.16 million. The business’s revenue for the quarter was up 66.6% on a year-over-year basis.
A number of analysts have issued reports on the company. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $23.00 target price on shares of Trivago N.V. ADS in a research note on Wednesday, August 9th. Cowen and Company reaffirmed a “market perform” rating and issued a $20.00 target price (up from $17.00) on shares of Trivago N.V. ADS in a research note on Monday, June 5th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $21.00 target price (down from $23.00) on shares of Trivago N.V. ADS in a research note on Wednesday, August 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $25.00 target price on shares of Trivago N.V. ADS in a research note on Saturday, July 22nd. Finally, Zacks Investment Research raised Trivago N.V. ADS from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, April 26th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.18.
Hedge funds have recently modified their holdings of the company. Creative Planning increased its stake in shares of Trivago N.V. ADS by 87.1% in the second quarter. Creative Planning now owns 4,360 shares of the technology company’s stock worth $103,000 after buying an additional 2,030 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Trivago N.V. ADS during the second quarter worth about $124,000. Parametric Portfolio Associates LLC acquired a new stake in shares of Trivago N.V. ADS during the first quarter worth about $161,000. Sei Investments Co. acquired a new stake in shares of Trivago N.V. ADS during the first quarter worth about $179,000. Finally, Independent Portfolio Consultants Inc. acquired a new stake in shares of Trivago N.V. ADS during the second quarter worth about $190,000. 11.59% of the stock is owned by hedge funds and other institutional investors.
The stock has a 50 day moving average price of $20.50 and a 200 day moving average price of $16.63. The firm has a market capitalization of $5.29 billion and a PE ratio of 57.93.
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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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