Penn Capital Management Co., Inc. recently announced the acquisition of new stake in trivago N.V. (NASDAQ:TRVG). The institutional investor has increased its shareholding in the Communication Services company by 4.23% to 1.75 million shares with purchase of 70859.0 shares. This fresh investment now brings its stake to 1.76% valued currently at $2.43 million. In addition, The Renaissance Group LLC raised its holdings by 89620.0 to 0.85 million shares. And Millennium Management LLC has lifted its position by 149.52% or 0.4 million shares – to 0.67 million shares.
With over 0.58 million trivago N.V. (TRVG) shares trading Tuesday and a closing price of $1.50 on the day, the dollar volume was approximately $0.88 million. The shares have shown a positive half year performance of 3.10% and its price on 01/10/23 gained nearly 5.28%. Currently, there are 360.61M common shares owned by the public and among those 26.32M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for TRVG have a consensus price objective of $1.63. The analysts have set the share’s price value over the next 12 months at a high of $1.92 and a low of $1.31. The average price target is 11.76% above its recent price level and a downside to the estimated low will see the stock lose -14.5% over that period. But an upside of 21.87% will see the stock hit the forecast high price target while median target price for the stock is $1.65.
The top 3 mutual fund holders in trivago N.V. are ETFMG Travel Tech ETF, Haas invest4 innovation, and Frank Value Fund. ETFMG Travel Tech ETF owns 3.34 million shares of the company’s stock, all valued at over $4.64 million. Haas invest4 innovation bought 0.14 million shares to see its total holdings expand to 0.36 million shares valued at over $0.5 million and representing 0.36% of the shares outstanding. Frank Value Fund sold 2031.0 shares to bring its total holdings to over 0.21 million shares at a value of $0.3 million. Frank Value Fund now owns shares totaling to 0.22% of the shares outstanding.
Shares of trivago N.V. (NASDAQ: TRVG) opened at $1.41, down -$0.01 from a prior closing price of $1.42. However, the script later moved the day high at 1.5000, up 5.28%. The company’s stock has a 5-day price change of 9.93% and 34.68% over the past three months. TRVG shares are trading 10.74% year to date (YTD), with the 12-month market performance down to -34.43% lower. It has a 12-month low price of $0.93 and touched a high of $2.76 over the same period. TRVG has an average intraday trading volume of 450.91K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.16%, 15.99%, and -3.56% respectively.
Institutional ownership of trivago N.V. (NASDAQ: TRVG) shares accounts for 29.20% of the company’s 360.61M shares outstanding. Mutual fund holders own 32.52%, while other institutional holders and individual stakeholders account for 4.46% and — respectively.
It has a market capitalization of $551.30M and a beta (3y monthly) value of 1.50. The earnings-per-share (ttm) stands at -$0.36. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.83% over the week and 5.77% over the month.
Analysts forecast that trivago N.V. (TRVG) will achieve an EPS of $0.04 for the current quarter, $0.03 for the next quarter and $0.18 for 2023. The lowest estimate earnings-per-share for the quarter is $0.01 while analysts give the company a high EPS estimate of $0.07. Comparatively, EPS for the current quarter was $0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 104.20%, and 161.10% over the next financial year. EPS should grow at an annualized rate of 37.71% over the next five years, compared to 16.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate trivago N.V. (TRVG) as a “Hold” at a consensus score of 3.10. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 9 of the 12 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the TRVG, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on April 20, 2022, with the firm’s price target at $2.65-$2.50. UBS coverage for the trivago N.V. (TRVG) stock in a research note released on December 02, 2021 offered a Neutral rating with a price target of $2.65. BTIG Research was of a view on June 11, 2020 that the stock is Neutral, while Citigroup gave the stock Neutral rating on April 20, 2020, issuing a price target of $2.15- $1.80. Citigroup on their part issued Buy rating on March 06, 2020.