Economy

Trivago Shares Dive on Reduced Guidance

Trivago Shares Dive on Reduced Guidanceā€

Ferrari shares are down 5.8% to trade at $110.06, after Morgan Stanley double downgraded the vehicle stock to "underweight" from "overweight" - citing "valuation concerns" and threats from rivals. The company traded as low as $10.43 and last traded at $12.49. Finally, Cowen and Company reaffirmed a "market perform" rating and issued a $18.00 price objective (down previously from $20.00) on shares of Trivago N.V. ADS in a research report on Wednesday, August 9th.

Analysts are also projecting an Average Revenue Estimate for trivago N.V.as $353740 in the Current Quarter. This is in addition to a target of $14 for TRVG. Trivago N.V. ADS now has an average rating of "Hold" and a consensus price target of $21.18.

The rating for shares of trivago N.V. - American Depositary Shares (TRVG), which happened to be a "Buy", has been adjusted by Bank of America, who now rates the shares as a "Neutral". Wells Fargo maintained Trivago NV - ADR (NASDAQ:TRVG) on Tuesday, July 25 with "Hold" rating. When looking at the past five sessions, the stock returned 1.08% gains and is down by -5.21% compared with its 200-day moving average of $16.96.

Company management had previously warned about a pullback in RPGR, but today's note mentioned that the "anticipated negative impact on RPQR that we discussed on our second quarter 2017 earnings call has been more significant than previously expected". Therefore 45% are positive. trivago N.V. -... had 17 analyst reports since December 20, 2016 according to SRatingsIntel. The company shares sank -38.15% from their peak of $14.34 and now has a $1.19 billion market value of equity.

The company reported its EPS on 3/30/2017. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. If you are viewing this piece on another site, it was illegally copied and reposted in violation of USA & global copyright and trademark laws. Trivago has an unusual business model, in that, unlike other travel websites, it does not allow users to actually make a booking.

Instead, site visitors compare offers from a number of different hotel providers using Trivago's search engine, and if they end up booking something, Trivago gets a referral fee. 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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