Cantor Fitzgerald Issues Pessimistic Forecast for Tripadvisor (NASDAQ:TRIP) Stock Price

Tripadvisor (NASDAQ:TRIP) had its price target reduced by Cantor Fitzgerald from $14.00 to $13.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an underweight rating on the travel company’s stock.

A number of other brokerages also recently commented on TRIP. B. Riley lifted their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. UBS Group lowered their price target on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. StockNews.com downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. TD Cowen lifted their price target on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Finally, Wedbush restated a “neutral” rating and issued a $17.00 target price on shares of Tripadvisor in a report on Thursday, December 19th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.71.

Tripadvisor Stock Performance

Shares of TRIP opened at $15.11 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The stock has a market cap of $2.11 billion, a P/E ratio of 755.88, a PEG ratio of 9.01 and a beta of 1.34. The company has a 50-day moving average of $15.98 and a two-hundred day moving average of $15.00. Tripadvisor has a 12-month low of $12.93 and a 12-month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The firm had revenue of $411.00 million for the quarter, compared to analysts’ expectations of $400.02 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. As a group, research analysts predict that Tripadvisor will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

Institutional investors have recently bought and sold shares of the business. True Wealth Design LLC purchased a new stake in Tripadvisor during the third quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new stake in Tripadvisor during the third quarter worth approximately $28,000. Bogart Wealth LLC purchased a new stake in Tripadvisor during the fourth quarter worth approximately $30,000. Blue Trust Inc. grew its stake in Tripadvisor by 204.4% during the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after buying an additional 1,543 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its stake in Tripadvisor by 83.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock worth $50,000 after buying an additional 1,557 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.