TripAdvisor (NASDAQ:TRIP) Given New $12.50 Price Target at B. Riley Financial

Key Points

• B. Riley Financial lowered TripAdvisor’s price target to $12.50 from $13.00 while maintaining a “neutral” rating, implying 17.87% upside from the stock’s previous close.
• TripAdvisor shares fell 1.6% to $10.61, and the analyst consensus remains “Reduce,” with a $14.68 average price target. Ratings include four Buys, seven Holds and five Sells.
• The company’s latest quarter missed expectations, reporting $0.35 in EPS versus $0.38 expected and revenue of $385.3 million versus $506.27 million, with revenue down 7.2% year over year.

TripAdvisor (NASDAQ:TRIP - Get Free Report) had its price target reduced by equities research analysts at B. Riley Financial from $13.00 to $12.50 in a research report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the travel company's stock. B. Riley Financial's target price indicates a potential upside of 17.87% from the stock's previous close.

Several other analysts have also recently issued reports on the stock. Weiss Ratings reaffirmed a "sell (d)" rating on shares of TripAdvisor in a report on Friday, May 15th. DA Davidson lifted their price target on shares of TripAdvisor from $10.50 to $15.50 and gave the company a "neutral" rating in a report on Monday, June 15th. UBS Group raised their target price on shares of TripAdvisor from $13.70 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. The Goldman Sachs Group reissued a "buy" rating and set a $16.00 target price on shares of TripAdvisor in a research note on Monday, July 20th. Finally, Barclays decreased their price objective on TripAdvisor from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $14.68.

TripAdvisor Stock Down 1.6%

NASDAQ:TRIP traded down $0.17 on Monday, reaching $10.61. The stock had a trading volume of 1,269,516 shares, compared to its average volume of 3,662,423. TripAdvisor has a 12-month low of $9.01 and a 12-month high of $20.16. The stock has a market cap of $1.23 billion, a P/E ratio of 1,061.56, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86. 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 has a 50-day moving average of $13.27 and a 200 day moving average of $11.70.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The travel company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.The business had revenue of $385.30 million during the quarter, compared to analyst estimates of $506.27 million. During the same quarter last year, the firm posted $0.46 EPS. The company's revenue was down 7.2% compared to the same quarter last year. On average, research analysts predict that TripAdvisor will post 0.69 earnings per share for the current year.

Insider Activity

In other news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total value of $98,400.00. Following the completion of the sale, the chief executive officer owned 34,396 shares in the company, valued at $423,070.80. This represents a 18.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On TripAdvisor

Hedge funds have recently bought and sold shares of the business. K.J. Harrison & Partners Inc acquired a new stake in TripAdvisor during the 2nd quarter worth about $1,524,000. BlackRock Inc. acquired a new stake in shares of TripAdvisor during the second quarter worth approximately $239,065,000. Deutsche Bank AG acquired a new stake in shares of TripAdvisor during the second quarter worth approximately $1,760,000. Persistent Asset Partners Ltd purchased a new position in TripAdvisor during the second quarter valued at approximately $2,172,000. Finally, Bank of New York Mellon Corp purchased a new position in TripAdvisor during the second quarter valued at approximately $9,963,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

About TripAdvisor

TripAdvisor NASDAQ: TRIP is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company's flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor's offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source