TripAdvisor (NASDAQ:TRIP) Stock Price Target Lowered at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald lowered TripAdvisor’s price target from $9 to $8 and maintained an “underweight” rating, implying roughly 14% downside from the prior close.
• Analyst sentiment is broadly cautious: TripAdvisor has an average “Reduce” rating and a consensus price target of $14.04, with recent target cuts from UBS, B. Riley, and JPMorgan.
• The company’s latest quarterly results missed expectations, with EPS of $0.35 versus $0.38 expected and revenue of $385.3 million versus $506.27 million; revenue declined 7.2% year over year.

TripAdvisor (NASDAQ:TRIP - Get Free Report) had its price target reduced by investment analysts at Cantor Fitzgerald from $9.00 to $8.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an "underweight" rating on the travel company's stock. Cantor Fitzgerald's price objective points to a potential downside of 14.16% from the company's previous close.

Other equities research analysts have also recently issued research reports about the company. UBS Group lowered their price target on TripAdvisor from $15.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, August 11th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $16.00 price objective on shares of TripAdvisor in a research note on Monday, July 20th. BTIG Research cut TripAdvisor from a "buy" rating to a "neutral" rating in a report on Tuesday, July 21st. B. Riley Financial decreased their target price on TripAdvisor from $13.00 to $12.50 and set a "neutral" rating on the stock in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. lowered their target price on TripAdvisor from $11.00 to $10.00 and set an "underweight" rating on the stock in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $14.04.

TripAdvisor Price Performance

TRIP stock opened at $9.32 on Monday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.28. The company's 50-day moving average price is $9.30 and its 200 day moving average price is $11.10. TripAdvisor has a 52 week low of $8.02 and a 52 week high of $17.82. The company has a market cap of $1.09 billion, a P/E ratio of 932.93, a P/E/G ratio of 3.75 and a beta of 0.86.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last issued its earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03). TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The company had revenue of $385.30 million during the quarter, compared to analysts' expectations of $506.27 million. During the same period last year, the business posted $0.46 earnings per share. The company's quarterly revenue was down 7.2% on a year-over-year basis. On average, research analysts expect that TripAdvisor will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Almir Ambeskovic sold 8,000 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $9.45, for a total value of $75,600.00. Following the sale, the chief executive officer owned 30,456 shares of the company's stock, valued at approximately $287,809.20. This represents a 20.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TripAdvisor

Hedge funds have recently bought and sold shares of the stock. Nykredit A S acquired a new position in shares of TripAdvisor in the second quarter worth $32,000. Public Employees Retirement System of Ohio purchased a new stake in shares of TripAdvisor in the second quarter valued at $36,000. Rockefeller Capital Management L.P. boosted its stake in shares of TripAdvisor by 192.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company's stock valued at $40,000 after acquiring an additional 1,821 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of TripAdvisor during the second quarter valued at $46,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of TripAdvisor during the second quarter valued at $92,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

About TripAdvisor

Tripadvisor, Inc NASDAQ: TRIP operates a global travel guidance and experiences platform. Through its Tripadvisor brand, the company provides user-generated reviews, ratings, photos, travel articles and other information about hotels, restaurants, attractions and destinations. Its platform also connects travelers with booking options and travel businesses.

The company's portfolio includes Viator, an online marketplace for tours, activities and experiences, and TheFork, a restaurant-discovery and reservation platform.

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