Zacks Investment Research upgraded shares of Trivago N.V. ADS (NASDAQ:TRVG) from a sell rating to a hold rating in a research report sent to investors on Thursday.

According to Zacks, “trivago N.V. is a technology company. It provides internet-related services and products in the fields of hotels, lodging and metasearch. trivago N.V. is based in Duesseldorf, Germany. “

A number of other equities research analysts have also recently commented on the stock. Cowen and Company reiterated a market perform rating and set a $18.00 price target (down previously from $20.00) on shares of Trivago N.V. ADS in a report on Wednesday, August 9th. Susquehanna Bancshares Inc reiterated a neutral rating and set a $21.00 price target (down previously from $23.00) on shares of Trivago N.V. ADS in a report on Wednesday, August 9th. J P Morgan Chase & Co reiterated an overweight rating and set a $23.00 price target on shares of Trivago N.V. ADS in a report on Wednesday, August 9th. Citigroup Inc. cut their price target on shares of Trivago N.V. ADS from $25.00 to $19.00 and set a neutral rating on the stock in a report on Monday, August 7th. Finally, Wells Fargo & Company reiterated a hold rating on shares of Trivago N.V. ADS in a report on Thursday, July 27th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $21.18.

Shares of Trivago N.V. ADS (NASDAQ TRVG) opened at 14.80 on Thursday. The company has a market cap of $5.18 billion and a price-to-earnings ratio of 56.70. The company’s 50-day moving average price is $19.58 and its 200 day moving average price is $16.76. Trivago N.V. ADS has a 12-month low of $10.88 and a 12-month high of $24.27.

Trivago N.V. ADS (NASDAQ:TRVG) last posted its quarterly earnings results on Friday, August 4th. The technology company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.02. The firm had revenue of $298.30 million for the quarter, compared to analysts’ expectations of $293.16 million. The business’s revenue was up 66.6% on a year-over-year basis. Equities analysts predict that Trivago N.V. ADS will post $0.08 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of TRVG. Foxhaven Asset Management LP increased its position in shares of Trivago N.V. ADS by 29.1% in the second quarter. Foxhaven Asset Management LP now owns 3,427,860 shares of the technology company’s stock worth $81,103,000 after buying an additional 773,500 shares during the period. Steadfast Capital Management LP increased its position in shares of Trivago N.V. ADS by 427.9% in the second quarter. Steadfast Capital Management LP now owns 2,903,957 shares of the technology company’s stock worth $68,708,000 after buying an additional 2,353,883 shares during the period. Acadian Asset Management LLC increased its position in shares of Trivago N.V. ADS by 227.4% in the second quarter. Acadian Asset Management LLC now owns 740,860 shares of the technology company’s stock worth $17,529,000 after buying an additional 514,541 shares during the period. Morgan Stanley increased its position in shares of Trivago N.V. ADS by 72.5% in the first quarter. Morgan Stanley now owns 579,453 shares of the technology company’s stock worth $7,551,000 after buying an additional 243,633 shares during the period. Finally, Sylebra HK Co Ltd bought a new position in shares of Trivago N.V. ADS during the first quarter worth $7,246,000. Institutional investors own 11.59% of the company’s stock.

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.

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Analyst Recommendations for Trivago N.V. ADS (NASDAQ:TRVG)

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