Deutsche Bank Upgrades Trivago N.V. ADS (TRVG) to Buy

Trivago N.V. ADS (NASDAQ:TRVG) was upgraded by Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, December 8th, MarketBeat Ratings reports. The brokerage presently has a $13.00 price objective on the technology company’s stock. Deutsche Bank’s target price suggests a potential upside of 85.45% from the stock’s previous close.

A number of other research analysts have also issued reports on TRVG. Zacks Investment Research lowered Trivago N.V. ADS from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Bank of America lowered Trivago N.V. ADS from a “buy” rating to a “neutral” rating and decreased their target price for the company from $22.00 to $14.00 in a report on Thursday, September 7th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $16.00 target price (down from $23.00) on shares of Trivago N.V. ADS in a report on Thursday, September 7th. Guggenheim reiterated a “buy” rating and issued a $15.00 target price (down from $25.00) on shares of Trivago N.V. ADS in a report on Thursday, September 7th. Finally, Citigroup restated a “hold” rating and issued a $12.00 price target on shares of Trivago N.V. ADS in a research note on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.91.

Trivago N.V. ADS (TRVG) traded up $0.17 on Friday, hitting $7.01. The stock had a trading volume of 904,067 shares, compared to its average volume of 952,150. Trivago N.V. ADS has a 1-year low of $6.45 and a 1-year high of $24.27. The stock has a market capitalization of $2,460.00 and a price-to-earnings ratio of -701.00.

Trivago N.V. ADS (NASDAQ:TRVG) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. The firm had revenue of $287.90 million for the quarter, compared to analysts’ expectations of $286.07 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. equities research analysts expect that Trivago N.V. ADS will post -0.01 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Foxhaven Asset Management LP increased its position in shares of Trivago N.V. ADS by 29.1% during the second quarter. Foxhaven Asset Management LP now owns 3,427,860 shares of the technology company’s stock worth $81,103,000 after purchasing an additional 773,500 shares in the last quarter. Steadfast Capital Management LP increased its position in Trivago N.V. ADS by 427.9% in the 2nd quarter. Steadfast Capital Management LP now owns 2,903,957 shares of the technology company’s stock valued at $68,708,000 after acquiring an additional 2,353,883 shares during the period. Artisan Partners Limited Partnership acquired a new position in Trivago N.V. ADS in the 3rd quarter valued at about $6,954,000. TCW Group Inc. increased its position in Trivago N.V. ADS by 1.5% in the 3rd quarter. TCW Group Inc. now owns 468,000 shares of the technology company’s stock valued at $5,078,000 after acquiring an additional 7,042 shares during the period. Finally, Granahan Investment Management Inc. MA increased its position in Trivago N.V. ADS by 13.3% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 339,322 shares of the technology company’s stock valued at $3,682,000 after acquiring an additional 39,882 shares during the period. Institutional investors and hedge funds own 8.19% of the company’s stock.

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About Trivago N.V. ADS

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 N.V. ADS (NASDAQ:TRVG)

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