trivago (NASDAQ:TRVG) Price Target Cut to $3.00 by Analysts at B. Riley

trivago (NASDAQ:TRVG) had its price objective cut by B. Riley from $3.30 to $3.00 in a report published on Thursday morning, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Other analysts have also issued reports about the company. Mizuho lowered their price objective on trivago from $4.00 to $3.50 and set a buy rating for the company in a report on Thursday. UBS Group dropped their price target on trivago from $6.25 to $2.25 and set a neutral rating on the stock in a research report on Monday, February 5th. Finally, StockNews.com raised shares of trivago from a hold rating to a buy rating in a report on Thursday, February 8th. Four 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, the stock has a consensus rating of Hold and a consensus price target of $3.93.

trivago Trading Down 4.0 %

trivago stock opened at $2.41 on Thursday. trivago has a 52 week low of $2.26 and a 52 week high of $7.40. The stock has a 50 day moving average of $2.62 and a 200-day moving average of $2.91.

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

Hedge Funds Weigh In On trivago

Several institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC boosted its stake in trivago by 29.9% during the 3rd quarter. Acadian Asset Management LLC now owns 2,877,620 shares of the technology company’s stock valued at $2,998,000 after purchasing an additional 663,200 shares during the period. Inflection Point Investments LLP acquired a new position in shares of trivago during the fourth quarter worth approximately $572,000. Cambridge Investment Research Advisors Inc. bought a new position in trivago in the 3rd quarter worth approximately $104,000. BNP Paribas Financial Markets acquired a new stake in trivago in the 1st quarter valued at approximately $173,000. Finally, New York State Common Retirement Fund raised its stake in trivago by 79.6% during the 3rd quarter. New York State Common Retirement Fund now owns 36,219 shares of the technology company’s stock valued at $38,000 after acquiring an additional 16,056 shares in the last quarter. Institutional investors own 4.50% of the company’s stock.

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.