Trivago (NASDAQ:TRVG) Sees Strong Trading Volume

Trivago NV – (NASDAQ:TRVG) shares saw unusually-strong trading volume on Wednesday . Approximately 640,892 shares were traded during trading, an increase of 40% from the previous session’s volume of 458,041 shares.The stock last traded at $5.29 and had previously closed at $4.80.

TRVG has been the topic of several recent research reports. Zacks Investment Research downgraded Trivago from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. BidaskClub raised Trivago from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Wedbush set a $5.00 price target on Trivago and gave the stock a “hold” rating in a research report on Thursday, May 2nd. SunTrust Banks reissued a “hold” rating and issued a $6.00 price target on shares of Trivago in a research report on Tuesday, May 21st. Finally, ValuEngine raised Trivago from a “hold” rating to a “buy” rating in a research report on Monday, July 29th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.25.

The company has a fifty day simple moving average of $4.52 and a two-hundred day simple moving average of $4.52. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.27 and a current ratio of 3.27. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of -75.57, a P/E/G ratio of 6.16 and a beta of 0.80.

Trivago (NASDAQ:TRVG) last issued its earnings results on Wednesday, July 24th. The technology company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. The firm had revenue of $223.40 million during the quarter, compared to analysts’ expectations of $218.28 million. Trivago had a net margin of 4.27% and a return on equity of 4.10%. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share. As a group, analysts expect that Trivago NV – will post 0.1 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of TRVG. Norges Bank bought a new position in shares of Trivago in the fourth quarter worth about $3,608,000. Virtu Financial LLC bought a new position in shares of Trivago during the first quarter valued at approximately $62,000. Kornitzer Capital Management Inc. KS raised its holdings in shares of Trivago by 31.3% during the first quarter. Kornitzer Capital Management Inc. KS now owns 197,000 shares of the technology company’s stock valued at $851,000 after acquiring an additional 47,000 shares in the last quarter. Econ Financial Services Corp raised its holdings in shares of Trivago by 165.2% during the first quarter. Econ Financial Services Corp now owns 27,670 shares of the technology company’s stock valued at $120,000 after acquiring an additional 17,237 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Trivago during the first quarter valued at approximately $1,006,000. Hedge funds and other institutional investors own 9.48% of the company’s stock.

Trivago Company Profile (NASDAQ:TRVG)

trivago N.V., together with its subsidiaries, operates as a hotel and accommodation 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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