Equities analysts forecast that trivago (NASDAQ:TRVG – Get Rating) will announce $165.82 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for trivago’s earnings. The highest sales estimate is $192.19 million and the lowest is $150.60 million. trivago posted sales of $115.03 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 44.2%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that trivago will report full-year sales of $616.81 million for the current fiscal year, with estimates ranging from $590.10 million to $668.62 million. For the next financial year, analysts anticipate that the company will post sales of $774.96 million, with estimates ranging from $708.57 million to $859.26 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover trivago.
Several equities analysts recently weighed in on TRVG shares. Morgan Stanley reduced their target price on trivago from $2.60 to $2.40 and set an “equal weight” rating on the stock in a research report on Friday. Zacks Investment Research downgraded trivago from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Citigroup reduced their target price on trivago from $2.65 to $2.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 20th. Mizuho reduced their target price on trivago from $3.60 to $3.00 in a research report on Thursday, May 5th. Finally, TheStreet upgraded trivago from a “d+” rating to a “c-” rating in a research report on Friday, March 25th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2.68.
A number of large investors have recently made changes to their positions in the business. Par Capital Management Inc. grew its stake in shares of trivago by 9.3% in the third quarter. Par Capital Management Inc. now owns 21,118,927 shares of the technology company’s stock valued at $52,164,000 after buying an additional 1,800,244 shares in the last quarter. Penn Capital Management Company LLC acquired a new stake in shares of trivago in the first quarter valued at about $2,418,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of trivago by 77.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 903,263 shares of the technology company’s stock valued at $2,132,000 after buying an additional 393,520 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of trivago by 13.3% in the third quarter. Two Sigma Advisers LP now owns 571,900 shares of the technology company’s stock valued at $1,413,000 after buying an additional 67,200 shares in the last quarter. Finally, Renaissance Group LLC acquired a new stake in shares of trivago in the first quarter valued at about $1,135,000. Institutional investors own 9.00% of the company’s stock.
NASDAQ TRVG opened at $1.67 on Friday. The business’s 50-day moving average price is $2.09 and its 200 day moving average price is $2.21. trivago has a twelve month low of $1.54 and a twelve month high of $4.17. The company has a market capitalization of $598.98 million, a PE ratio of 55.69 and a beta of 1.63.
trivago Company Profile (Get Rating)
trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels. The company provides access to its platform through 53 localized websites and apps in 31 languages.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for trivago Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for trivago and related companies with MarketBeat.com’s FREE daily email newsletter.