trivago Sees Unusually Large Options Volume (NASDAQ:TRVG)

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trivago (NASDAQ:TRVG) was the target of unusually large options trading on Wednesday. Stock investors purchased 5,944 put options on the company. This is an increase of 802% compared to the average daily volume of 659 put options.

TRVG has been the subject of a number of analyst reports. UBS Group initiated coverage on trivago in a research note on Thursday, December 2nd. They set a “neutral” rating and a $2.65 target price for the company. DA Davidson cut their target price on trivago from $3.25 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, November 2nd. Finally, Zacks Investment Research cut trivago from a “buy” rating to a “hold” rating in a report on Friday, August 13th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $3.18.

TRVG opened at $2.29 on Thursday. The firm has a market cap of $819.41 million, a PE ratio of -76.33 and a beta of 1.77. The stock has a 50 day moving average price of $2.51. trivago has a 1-year low of $2.01 and a 1-year high of $5.88.

trivago (NASDAQ:TRVG) last announced its earnings results on Monday, November 1st. The technology company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. trivago had a negative return on equity of 2.01% and a negative net margin of 4.37%. During the same quarter in the previous year, the firm posted ($0.01) EPS. On average, equities research analysts forecast that trivago will post 0.01 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the business. Cetera Advisor Networks LLC grew its holdings in trivago by 100.0% during the 3rd quarter. Cetera Advisor Networks LLC now owns 40,000 shares of the technology company’s stock valued at $99,000 after buying an additional 20,000 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of trivago by 96.7% during the third quarter. Jane Street Group LLC now owns 88,688 shares of the technology company’s stock worth $216,000 after purchasing an additional 43,608 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of trivago by 13.3% during the third quarter. Two Sigma Advisers LP now owns 571,900 shares of the technology company’s stock worth $1,413,000 after purchasing an additional 67,200 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of trivago by 21.7% during the third quarter. Millennium Management LLC now owns 253,581 shares of the technology company’s stock worth $626,000 after purchasing an additional 45,202 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of trivago during the third quarter worth $73,000. Hedge funds and other institutional investors own 29.50% of the company’s stock.

About trivago

trivago NV is a holding company, which engages in the provision of a global hotel and accommodation search platform. It also offers marketing tools and services for advertisers. It operates through the following segments: Americas, Developed Europe, and Rest of the World. The Americas segment comprises of Argentina, Brazil, Canada, Chile, Columbia, Ecuador, Mexico, Peru, the United States, and Uruguay.

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