Trivago (NASDAQ:TRVG) Price Target Cut to $2.30

Trivago (NASDAQ:TRVG) had its price objective cut by analysts at SunTrust Banks from $2.50 to $2.30 in a research note issued on Thursday, BenzingaRatingsTable reports. The firm currently has a “hold” rating on the technology company’s stock. SunTrust Banks’ price objective would indicate a potential upside of 26.37% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley increased their price objective on shares of Trivago from $1.80 to $1.90 and gave the stock an “equal weight” rating in a research note on Wednesday, June 3rd. Citigroup lowered shares of Trivago from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $2.15 to $1.80 in a research note on Monday, April 20th. Mizuho reiterated a “buy” rating and set a $2.05 price objective on shares of Trivago in a research note on Wednesday, May 20th. BTIG Research began coverage on shares of Trivago in a research note on Wednesday, June 10th. They set a “neutral” rating on the stock. Finally, Cowen dropped their price target on shares of Trivago from $3.50 to $2.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $2.01.

Shares of TRVG stock opened at $1.82 on Thursday. The company has a quick ratio of 5.71, a current ratio of 6.96 and a debt-to-equity ratio of 0.14. Trivago has a one year low of $1.30 and a one year high of $5.38. The company’s 50-day simple moving average is $1.92 and its 200-day simple moving average is $2.00.

Trivago (NASDAQ:TRVG) last issued its quarterly earnings results on Tuesday, July 28th. The technology company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Trivago had a negative return on equity of 2.46% and a negative net margin of 40.93%. The company had revenue of $17.76 million for the quarter, compared to the consensus estimate of $24.74 million. Sell-side analysts predict that Trivago will post -0.13 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Squar Milner Financial Services LLC bought a new position in shares of Trivago in the second quarter valued at approximately $39,000. Renaissance Technologies LLC bought a new position in shares of Trivago in the fourth quarter valued at approximately $239,000. Acadian Asset Management LLC boosted its holdings in shares of Trivago by 64.3% in the first quarter. Acadian Asset Management LLC now owns 92,096 shares of the technology company’s stock valued at $135,000 after acquiring an additional 36,057 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Trivago by 8.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 219,750 shares of the technology company’s stock valued at $576,000 after acquiring an additional 18,012 shares in the last quarter. Finally, Norges Bank bought a new stake in Trivago during the fourth quarter worth approximately $1,679,000. Institutional investors and hedge funds own 10.49% of the company’s stock.

About Trivago

trivago N.V., together with its subsidiaries, operates as a hotel and accommodation search platform. It offers online meta-search for hotels by facilitating consumers' search for hotel accommodation through online travel agents, hotel chains, and independent hotels. The company provides access to its platform through 55 localized Websites and apps in 33 languages.

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Analyst Recommendations for Trivago (NASDAQ:TRVG)

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