Morgan Stanley Lowers trivago (NASDAQ:TRVG) Price Target to $2.40

trivago (NASDAQ:TRVG – Get Rating) had its target price reduced by Morgan Stanley from $2.60 to $2.40 in a research report released on Friday, Stock Target Advisor reports. Morgan Stanley currently has an equal weight rating on the technology company’s stock.

Other analysts have also recently issued reports about the company. StockNews.com cut trivago from a strong-buy rating to a buy rating in a report on Wednesday, May 4th. Citigroup lowered their target price on shares of 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 price target on shares of trivago from $3.60 to $3.00 in a research report on Thursday, May 5th. Zacks Investment Research cut trivago from a strong-buy rating to a hold rating in a report on Wednesday, April 27th. Finally, TheStreet raised trivago from a d+ rating to a c- rating in a report on Friday, March 25th. Five 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 company has an average rating of Hold and a consensus price target of $2.68.

Shares of trivago stock opened at $1.63 on Friday. The firm has a market cap of $584.63 million, a price-to-earnings ratio of 54.35 and a beta of 1.63. trivago has a 52-week low of $1.54 and a 52-week high of $4.17. The company’s 50-day simple moving average is $2.08 and its 200-day simple moving average is $2.20.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Forum Financial Management LP purchased a new position in shares of trivago during the 4th quarter worth $26,000. Fulton Bank N.A. acquired a new stake in trivago in the 1st quarter worth about $29,000. Cubist Systematic Strategies LLC purchased a new stake in shares of trivago during the 3rd quarter valued at $73,000. CSS LLC IL grew its holdings in shares of trivago by 13.7% during the 3rd quarter. CSS LLC IL now owns 36,874 shares of the technology company’s stock worth $91,000 after purchasing an additional 4,444 shares during the period. Finally, Cetera Advisor Networks LLC increased its holdings in trivago by 100.0% in the 3rd quarter. Cetera Advisor Networks LLC now owns 40,000 shares of the technology company’s stock valued at $99,000 after purchasing an additional 20,000 shares in the last quarter. 9.00% of the stock is currently owned by institutional investors and hedge funds.

About trivago (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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