BTIG Research Reaffirms “Buy” Rating for TripAdvisor (NASDAQ:TRIP)

TripAdvisor (NASDAQ:TRIP)‘s stock had its “buy” rating reissued by equities researchers at BTIG Research in a report issued on Friday,Benzinga reports. They currently have a $15.00 target price on the travel company’s stock. BTIG Research’s price target would suggest a potential upside of 37.61% from the company’s previous close.

A number of other research analysts have also issued reports on the company. Wedbush dropped their target price on TripAdvisor from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. B. Riley Financial dropped their target price on TripAdvisor from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Bank of America raised TripAdvisor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $14.00 to $15.00 in a report on Friday, March 27th. Zacks Research lowered TripAdvisor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Barclays dropped their price objective on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $14.26.

TripAdvisor Trading Up 7.0%

TRIP opened at $10.90 on Friday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 109.01, a price-to-earnings-growth ratio of 1.90 and a beta of 0.91. TripAdvisor has a 52 week low of $9.01 and a 52 week high of $20.16. The business’s 50 day moving average is $10.48 and its two-hundred day moving average is $12.21. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.36.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The firm had revenue of $382.40 million for the quarter, compared to analyst estimates of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.14 EPS. On average, research analysts predict that TripAdvisor will post 0.73 EPS for the current year.

Institutional Trading of TripAdvisor

Institutional investors have recently bought and sold shares of the company. Essex Investment Management Co. LLC grew its position in shares of TripAdvisor by 75.7% in the 3rd quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after acquiring an additional 656 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of TripAdvisor by 39.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after acquiring an additional 705 shares in the last quarter. Essex Financial Services Inc. grew its position in shares of TripAdvisor by 4.5% in the 4th quarter. Essex Financial Services Inc. now owns 17,864 shares of the travel company’s stock worth $260,000 after acquiring an additional 776 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of TripAdvisor by 1.3% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 60,279 shares of the travel company’s stock worth $980,000 after acquiring an additional 779 shares in the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV grew its position in shares of TripAdvisor by 1.3% in the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 64,053 shares of the travel company’s stock worth $933,000 after acquiring an additional 847 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

TripAdvisor Company Profile

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.