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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.
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