Trivago (NASDAQ:TRVG) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.
Separately, Zacks Investment Research cut Trivago from a “buy” rating to a “hold” rating in a report on Saturday, August 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.84.
NASDAQ:TRVG opened at $7.20 on Tuesday. Trivago has a 52 week low of $4.01 and a 52 week high of $10.05. The stock has a market cap of $2.62 billion, a PE ratio of -120.00 and a beta of -0.17.
A number of hedge funds have recently bought and sold shares of the stock. 683 Capital Management LLC boosted its holdings in Trivago by 37.5% in the 2nd quarter. 683 Capital Management LLC now owns 5,500,000 shares of the technology company’s stock worth $24,970,000 after buying an additional 1,500,000 shares during the last quarter. Clear Harbor Asset Management LLC purchased a new position in Trivago in the 2nd quarter worth approximately $130,000. Atlas Capital Advisors LLC lifted its stake in Trivago by 200.0% in the 2nd quarter. Atlas Capital Advisors LLC now owns 30,000 shares of the technology company’s stock worth $136,000 after purchasing an additional 20,000 shares in the last quarter. Trellus Management Company LLC lifted its stake in Trivago by 40.0% in the 2nd quarter. Trellus Management Company LLC now owns 280,000 shares of the technology company’s stock worth $1,271,000 after purchasing an additional 80,000 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Trivago in the 1st quarter worth approximately $108,000. Institutional investors own 6.21% of the company’s stock.
Trivago Company Profile
trivago N.V., together with its subsidiaries, operates as a hotel 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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