Ascendiant Capital Markets Analysts Give Tripadvisor (NASDAQ:TRIP) a $36.00 Price Target

Ascendiant Capital Markets set a $36.00 price target on Tripadvisor (NASDAQ:TRIP – Get Rating) in a research report sent to investors on Monday, Stock Target Advisor reports.

Several other brokerages have also recently issued reports on TRIP. StockNews.com assumed coverage on shares of Tripadvisor in a research report on Thursday, March 31st. They set a hold rating on the stock. Citigroup reduced their price target on shares of Tripadvisor from $30.00 to $26.00 and set a neutral rating on the stock in a research report on Monday, May 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $34.00.

NASDAQ TRIP opened at $18.40 on Monday. The firm’s 50-day moving average is $23.89 and its two-hundred day moving average is $25.65. Tripadvisor has a 12 month low of $18.10 and a 12 month high of $42.62. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.23 and a quick ratio of 2.23. The stock has a market capitalization of $2.57 billion, a P/E ratio of -25.21 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP – Get Rating) last posted its earnings results on Wednesday, May 4th. The travel company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.03. The company had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $249.70 million. Tripadvisor had a negative net margin of 9.80% and a negative return on equity of 12.01%. Tripadvisor’s revenue for the quarter was up 113.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.56) earnings per share. As a group, analysts anticipate that Tripadvisor will post 0.36 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Bouvel Investment Partners LLC increased its stake in Tripadvisor by 2.5% in the first quarter. Bouvel Investment Partners LLC now owns 72,666 shares of the travel company’s stock valued at $1,971,000 after purchasing an additional 1,750 shares during the last quarter. Diametric Capital LP purchased a new position in Tripadvisor in the fourth quarter valued at approximately $340,000. Contour Asset Management LLC increased its stake in Tripadvisor by 1,376.9% in the fourth quarter. Contour Asset Management LLC now owns 1,935,400 shares of the travel company’s stock valued at $52,759,000 after purchasing an additional 1,804,352 shares during the last quarter. CastleKnight Management LP purchased a new position in Tripadvisor in the fourth quarter valued at approximately $919,000. Finally, Teacher Retirement System of Texas increased its stake in Tripadvisor by 22.5% in the fourth quarter. Teacher Retirement System of Texas now owns 19,271 shares of the travel company’s stock valued at $525,000 after purchasing an additional 3,538 shares during the last quarter. Hedge funds and other institutional investors own 82.89% of the company’s stock.

About Tripadvisor (Get Rating)

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

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