Trivago (TRVG) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Trivago (NASDAQ:TRVG) from a hold rating to a sell rating in a report issued on Wednesday, December 27th.

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. “

Several other research firms have also weighed in on TRVG. JPMorgan Chase & Co. reiterated a buy rating and issued a $16.00 price objective (down previously from $23.00) on shares of Trivago in a research note on Thursday, September 7th. Bank of America lowered shares of Trivago from a buy rating to a neutral rating and dropped their price objective for the company from $22.00 to $14.00 in a research note on Thursday, September 7th. Guggenheim restated a buy rating and set a $15.00 price target (down previously from $25.00) on shares of Trivago in a research note on Thursday, September 7th. Citigroup restated a hold rating and set a $12.00 price target on shares of Trivago in a research note on Wednesday, September 20th. Finally, Morgan Stanley lowered shares of Trivago from an overweight rating to an equal weight rating and dropped their price target for the stock from $22.00 to $12.00 in a research note on Thursday, September 28th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. Trivago presently has a consensus rating of Hold and an average price target of $14.64.

Shares of Trivago (NASDAQ TRVG) opened at $8.09 on Wednesday. Trivago has a one year low of $6.45 and a one year high of $24.27. The company has a market cap of $2,840.00 and a P/E ratio of -809.00.

Trivago (NASDAQ:TRVG) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The firm had revenue of $287.90 million during the quarter, compared to analysts’ expectations of $286.07 million. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.01) EPS. research analysts anticipate that Trivago will post -0.01 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Thompson Davis & CO. Inc. bought a new stake in Trivago in the 2nd quarter valued at $124,000. D.A. Davidson & CO. bought a new position in shares of Trivago during the 2nd quarter worth about $190,000. Cetera Investment Advisers bought a new position in shares of Trivago during the 2nd quarter worth about $210,000. AGF Investments Inc. bought a new position in shares of Trivago during the 2nd quarter worth about $342,000. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Trivago by 104.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 25,197 shares of the technology company’s stock worth $596,000 after acquiring an additional 12,860 shares during the period. 8.19% of the stock is owned by hedge funds and other institutional investors.

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Trivago Company Profile

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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