Citigroup Increases trivago (NASDAQ:TRVG) Price Target to $4.50

trivago (NASDAQ:TRVG) had its price target increased by equities researchers at Citigroup from $2.60 to $4.50 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Citigroup’s price objective points to a potential upside of 4.90% from the stock’s previous close.

Separately, StockNews.com assumed coverage on trivago in a report on Saturday, February 8th. They issued a “strong-buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $2.94.

trivago Price Performance

Shares of TRVG opened at $4.29 on Monday. The company has a market capitalization of $300.03 million, a price-to-earnings ratio of -429.00 and a beta of 1.57. trivago has a fifty-two week low of $1.60 and a fifty-two week high of $5.03. The business’s 50-day moving average is $3.53 and its 200-day moving average is $2.50.

trivago (NASDAQ:TRVG) last issued its earnings results on Tuesday, February 4th. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. trivago had a positive return on equity of 0.09% and a negative net margin of 5.20%. Equities research analysts expect that trivago will post -0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On trivago

A hedge fund recently bought a new stake in trivago stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of trivago (NASDAQ:TRVG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 288,236 shares of the technology company’s stock, valued at approximately $628,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.41% of trivago as of its most recent SEC filing. 4.50% of the stock is owned by institutional investors and hedge funds.

About trivago

trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, Canada, Japan, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels.