trivago (NASDAQ:TRVG) Shares Down 1.9%

Shares of trivago (NASDAQ:TRVG) were down 1.9% during mid-day trading on Tuesday . The stock traded as low as $2.53 and last traded at $2.55. Approximately 28,380 shares traded hands during trading, a decline of 62% from the average daily volume of 73,789 shares. The stock had previously closed at $2.60.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TRVG shares. B. Riley raised their price objective on trivago from $1.40 to $3.00 and gave the stock a “neutral” rating in a report on Tuesday, December 26th. Mizuho cut their price objective on trivago from $7.50 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 17th. StockNews.com raised trivago from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Finally, UBS Group cut their price objective on trivago from $6.25 to $2.25 and set a “neutral” rating on the stock in a research report on Monday, February 5th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.34.

trivago Price Performance

The stock has a market capitalization of $174.32 million and a P/E ratio of -0.97. The company has a fifty day moving average of $2.62 and a two-hundred day moving average of $3.16.

trivago (NASDAQ:TRVG) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. trivago had a positive return on equity of 8.00% and a negative net margin of 34.12%. The firm had revenue of $98.74 million during the quarter, compared to analyst estimates of $98.20 million. As a group, equities research analysts predict that trivago will post -0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On trivago

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its position in shares of trivago by 253.7% during the first quarter. Acadian Asset Management LLC now owns 81,837 shares of the technology company’s stock worth $192,000 after buying an additional 58,698 shares during the period. Renaissance Group LLC acquired a new position in shares of trivago during the first quarter worth approximately $1,135,000. Renaissance Technologies LLC acquired a new position in shares of trivago during the first quarter worth approximately $425,000. Goldman Sachs Group Inc. acquired a new position in shares of trivago during the first quarter worth approximately $140,000. Finally, Penn Capital Management Company LLC acquired a new position in shares of trivago during the first quarter worth approximately $2,418,000. 4.50% of the stock is currently owned by institutional investors and hedge funds.

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.