Why Zacks downgraded Trivago to sell

Zacks Investment Research downgraded shares of Trivago (NASDAQ:TRVG) from a hold rating to a sell rating in a research note published on Tuesday, Zacks reports.

According to Zacks, “trivago N.V. is a technology company. It provides internet-related services and products in the fields of hotels, lodging and metasearch. trivago N.V. is based in Duesseldorf, Germany. “

Morgan Stanley boosted their target price on Trivago from $1.80 to $1.90 and gave the company an equal weight rating in a research note on Wednesday, June 3rd. Mizuho reissued a buy rating and issued a $2.05 target price on shares of Trivago in a research note on Wednesday, May 20th. ValuEngine raised Trivago from a hold rating to a buy rating in a research note on Tuesday, May 19th. BidaskClub cut Trivago from a hold rating to a sell rating in a research note on Wednesday, August 26th. Finally, SunTrust Banks decreased their target price on Trivago from $2.50 to $2.30 and set a hold rating for the company in a research note on Thursday, July 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $2.02.

NASDAQ TRVG opened at $1.77 on Tuesday. The stock has a 50-day simple moving average of $1.83 and a 200 day simple moving average of $1.83. The company has a market capitalization of $647.42 million, a PE ratio of -2.42 and a beta of 1.26. The company has a current ratio of 6.96, a quick ratio of 6.96 and a debt-to-equity ratio of 0.14. Trivago has a 12 month low of $1.30 and a 12 month high of $4.64.

Trivago (NASDAQ:TRVG) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $17.76 million during the quarter, compared to the consensus estimate of $24.74 million. Trivago had a negative net margin of 40.93% and a negative return on equity of 2.46%. As a group, sell-side analysts predict that Trivago will post -0.1 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC boosted its position in shares of Trivago by 64.3% during the first quarter. Acadian Asset Management LLC now owns 92,096 shares of the technology company’s stock worth $135,000 after buying an additional 36,057 shares during the period. Bank of America Corp DE boosted its position in Trivago by 13,244.3% during the second quarter. Bank of America Corp DE now owns 35,229 shares of the technology company’s stock valued at $69,000 after purchasing an additional 34,965 shares during the last quarter. Squar Milner Financial Services LLC acquired a new position in Trivago during the second quarter valued at approximately $39,000. Finally, Virtu Financial LLC acquired a new position in Trivago during the second quarter valued at approximately $36,000. 10.55% of the stock is owned by institutional investors.

About Trivago

trivago N.V., together with its subsidiaries, operates as a hotel and accommodation search platform. It offers online meta-search for hotels by facilitating consumers’ search for hotel accommodation through online travel agents, hotel chains, and independent hotels. The company provides access to its platform through 55 localized Websites and apps in 33 languages.

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