Deutsche Bank Lowers Trivago (TRVG) Price Target to $9.00

Trivago (NASDAQ:TRVG) had its target price reduced by stock analysts at Deutsche Bank from $10.00 to $9.00 in a report issued on Tuesday. The brokerage currently has a “buy” rating on the technology company’s stock. Deutsche Bank’s target price suggests a potential upside of 91.08% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Mizuho initiated coverage on Trivago in a research note on Wednesday, March 21st. They set a “buy” rating and a $9.00 target price for the company. Zacks Investment Research raised Trivago from a “sell” rating to a “hold” rating in a report on Friday, January 5th. BidaskClub raised Trivago from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. SunTrust Banks assumed coverage on Trivago in a report on Tuesday, January 23rd. They set a “hold” rating for the company. Finally, Citigroup reaffirmed a “neutral” rating on shares of Trivago in a report on Friday, January 5th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.70.

Shares of TRVG stock opened at $4.71 on Tuesday. Trivago has a fifty-two week low of $4.71 and a fifty-two week high of $24.27. The stock has a market cap of $2,297.18, a P/E ratio of -78.50 and a beta of 0.84.

Trivago (NASDAQ:TRVG) last announced its earnings results on Wednesday, April 25th. The technology company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.05). Trivago had a negative net margin of 1.30% and a negative return on equity of 1.57%. The firm had revenue of $259.36 million for the quarter, compared to the consensus estimate of $258.37 million. During the same period in the prior year, the business earned $0.02 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. equities analysts forecast that Trivago will post -0.07 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Trivago by 6,049.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 122,980 shares of the technology company’s stock worth $1,344,000 after acquiring an additional 120,980 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in Trivago in the 3rd quarter worth about $1,325,000. Landscape Capital Management L.L.C. lifted its stake in Trivago by 70.7% in the 4th quarter. Landscape Capital Management L.L.C. now owns 342,335 shares of the technology company’s stock worth $2,342,000 after acquiring an additional 141,808 shares in the last quarter. Altrinsic Global Advisors LLC purchased a new stake in Trivago in the 4th quarter worth about $17,402,000. Finally, Russell Investments Group Ltd. lifted its stake in Trivago by 26.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 97,087 shares of the technology company’s stock worth $1,054,000 after acquiring an additional 20,489 shares in the last quarter. 7.29% of the stock is owned by institutional investors and hedge funds.

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About Trivago

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.

Analyst Recommendations for Trivago (NASDAQ:TRVG)

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