Trivago N.V. ADS (TRVG) Short Interest Update

Trivago N.V. ADS (NASDAQ:TRVG) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 7,404,206 shares, an increase of 22.3% from the October 13th total of 6,052,704 shares. Based on an average daily trading volume, of 2,185,789 shares, the days-to-cover ratio is presently 3.4 days.

A number of research firms have issued reports on TRVG. Deutsche Bank AG reiterated a “hold” rating and issued a $24.00 target price (up previously from $19.00) on shares of Trivago N.V. ADS in a research report on Wednesday, July 26th. Citigroup Inc. cut their target price on shares of Trivago N.V. ADS from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, August 7th. Wells Fargo & Company reiterated a “hold” rating on shares of Trivago N.V. ADS in a research report on Thursday, July 27th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $21.00 target price (down previously from $23.00) on shares of Trivago N.V. ADS in a research report on Wednesday, August 9th. Finally, Guggenheim downgraded shares of Trivago N.V. ADS from a “buy” rating to a “neutral” rating and set a $15.00 target price for the company. in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $16.00.

Trivago N.V. ADS (NASDAQ:TRVG) opened at $7.22 on Tuesday. Trivago N.V. ADS has a twelve month low of $7.17 and a twelve month high of $24.27.

Trivago N.V. ADS (NASDAQ:TRVG) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $287.90 million for the quarter, compared to the consensus estimate of $286.07 million. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.01) EPS.

Several institutional investors have recently added to or reduced their stakes in TRVG. Steadfast Capital Management LP raised its holdings in shares of Trivago N.V. ADS by 427.9% during the 2nd quarter. Steadfast Capital Management LP now owns 2,903,957 shares of the technology company’s stock valued at $68,708,000 after purchasing an additional 2,353,883 shares in the last quarter. Foxhaven Asset Management LP grew its stake in Trivago N.V. ADS by 29.1% in the 2nd quarter. Foxhaven Asset Management LP now owns 3,427,860 shares of the technology company’s stock valued at $81,103,000 after buying an additional 773,500 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in Trivago N.V. ADS in the 3rd quarter valued at $6,954,000. Acadian Asset Management LLC grew its stake in Trivago N.V. ADS by 227.4% in the 2nd quarter. Acadian Asset Management LLC now owns 740,860 shares of the technology company’s stock valued at $17,529,000 after buying an additional 514,541 shares during the last quarter. Finally, Morgan Stanley grew its stake in Trivago N.V. ADS by 72.5% in the 1st quarter. Morgan Stanley now owns 579,453 shares of the technology company’s stock valued at $7,551,000 after buying an additional 243,633 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.

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About Trivago N.V. ADS

Trivago NV is a company based in the Netherlands that operates an online hotel search platform. The platform allows users to search for, compare and book hotels. It gathers information from various third parties’ platforms and provides information about the hotel, pictures, ratings, reviews and filters, such as price, location and extra options.

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