#6 - Trivago (NASDAQ:TRVG)
Trivago (NASDAQ: TRVG) - One of the ways you can tell a stock is drawing the attention of analysts is when their earnings estimates are revised upwards. That’s the case for Trivago whose stock has failed to meet the promise of its initial public offering (IPO) of two year ago. The global hotel search platform’s stock began to rise in September of 2018 and while it is down from its six-month peak of around $7.44 (it is currently trading at $5.24), the stock is still well above its 52-week lows, which were reached in July 2018. One reason for the renewed excitement for the stock was when PAR investment, a Boston-based private equity firm, purchased 7 million shares of stock, significantly adding to their position. The market responded with shares rising 35%, they’ve come down a bit since then, but the company did report an improved return on advertising spend. The company has a unique space in the online travel space because they are what is known as a “hotel metasearch” company. Essentially, they are a one-stop shop for consumers who can select a hotel based on their own curated specifications. It’s a complicated model, and one that has already seen revenue decline from companies who have deviated from Trivago’s algorithms.
About trivago
trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, Canada, Japan, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels.
Read More - Current Price
- $1.65
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $2.55 (54.5% Upside)
