Tripadvisor (NASDAQ:TRIP - Get Rating) had its price objective raised by stock analysts at UBS Group from $20.00 to $26.00 in a report released on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the travel company's stock. UBS Group's target price would suggest a potential upside of 6.38% from the company's previous close.
Other equities research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Tripadvisor from a "d+" rating to a "c-" rating in a research report on Monday, August 29th. Barclays boosted their target price on Tripadvisor to $22.00 in a report on Monday, August 15th. Mizuho dropped their price target on Tripadvisor from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Monday, August 8th. StockNews.com raised Tripadvisor from a "hold" rating to a "buy" rating in a research note on Friday, September 2nd. Finally, Truist Financial lowered their target price on Tripadvisor from $57.00 to $44.00 and set a "buy" rating for the company in a research note on Thursday, June 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $29.56.
Tripadvisor Price Performance
NASDAQ:TRIP traded up $0.36 during mid-day trading on Thursday, hitting $24.44. The company's stock had a trading volume of 7,923 shares, compared to its average volume of 1,549,710. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.13. The stock has a fifty day moving average of $21.77 and a 200-day moving average of $23.38. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of -105.65, a P/E/G ratio of 2.45 and a beta of 1.33. Tripadvisor has a fifty-two week low of $16.87 and a fifty-two week high of $39.04.
Tripadvisor (NASDAQ:TRIP - Get Rating) last posted its earnings results on Thursday, August 4th. The travel company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.27 by $0.10. Tripadvisor had a negative return on equity of 3.27% and a negative net margin of 2.53%. The business had revenue of $417.00 million during the quarter, compared to the consensus estimate of $391.82 million. During the same quarter last year, the company earned ($0.26) EPS. Tripadvisor's revenue was up 77.4% on a year-over-year basis. As a group, equities analysts forecast that Tripadvisor will post 0.27 EPS for the current fiscal year.
Insider Transactions at Tripadvisor
In other news, CFO Ernst 02494 Teunissen sold 15,000 shares of the stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $27.50, for a total value of $412,500.00. Following the transaction, the chief financial officer now owns 33,523 shares of the company's stock, valued at approximately $921,882.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.00% of the stock is owned by corporate insiders.
Institutional Trading of Tripadvisor
A number of large investors have recently made changes to their positions in the company. Exane Derivatives bought a new stake in shares of Tripadvisor during the first quarter worth $26,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Tripadvisor in the second quarter valued at about $37,000. Venture Visionary Partners LLC acquired a new position in shares of Tripadvisor during the second quarter worth about $39,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Tripadvisor by 44.3% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,745 shares of the travel company's stock worth $47,000 after buying an additional 536 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in Tripadvisor in the 2nd quarter valued at approximately $50,000. Institutional investors own 92.76% of the company's stock.
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to firstname.lastname@example.org.
Before you consider Tripadvisor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tripadvisor wasn't on the list.
While Tripadvisor currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here