Morgan Stanley Lowers Trivago N.V. ADS (NASDAQ:TRVG) Price Target to $8.00

Trivago N.V. ADS (NASDAQ:TRVG) had its price target reduced by investment analysts at Morgan Stanley from $12.00 to $8.00 in a research report issued on Thursday, October 26th. The brokerage currently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price target points to a potential upside of 6.95% from the stock’s current price.

A number of other research firms also recently commented on TRVG. J P Morgan Chase & Co reissued an “overweight” rating and set a $23.00 price objective on shares of Trivago N.V. ADS in a report on Wednesday, August 9th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $21.00 price target (down previously from $23.00) on shares of Trivago N.V. ADS in a report on Wednesday, August 9th. Guggenheim downgraded shares of Trivago N.V. ADS from a “buy” rating to a “neutral” rating and set a $15.00 price target on the stock. in a report on Thursday, October 26th. Zacks Investment Research raised shares of Trivago N.V. ADS from a “sell” rating to a “hold” rating in a report on Friday, September 8th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $20.00 price target on shares of Trivago N.V. ADS in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. Trivago N.V. ADS has a consensus rating of “Hold” and a consensus target price of $16.00.

Shares of Trivago N.V. ADS (NASDAQ TRVG) opened at $7.48 on Thursday. Trivago N.V. ADS has a fifty-two week low of $7.23 and a fifty-two week high of $24.27.

Trivago N.V. ADS (NASDAQ:TRVG) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The company had revenue of $287.90 million for the quarter, compared to analysts’ expectations of $286.07 million. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) EPS.

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Hedge funds have recently modified their holdings of the stock. Creative Planning increased its position in Trivago N.V. ADS by 87.1% during the second quarter. Creative Planning now owns 4,360 shares of the technology company’s stock worth $103,000 after purchasing an additional 2,030 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Trivago N.V. ADS in the second quarter worth $124,000. Independent Portfolio Consultants Inc. acquired a new stake in shares of Trivago N.V. ADS in the second quarter worth $190,000. D.A. Davidson & CO. acquired a new stake in shares of Trivago N.V. ADS in the second quarter worth $190,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Trivago N.V. ADS in the second quarter worth $210,000. 8.97% of the stock is owned by hedge funds and other institutional investors.

Trivago N.V. ADS 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.

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

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