Tripadvisor - TRIP Stock Forecast, Price & News

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. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as bokun.io, cruisecritic.com, flipkey.com, thefork.com, helloreco.com, holidaylettings.co.uk, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, seatguru.com, singleplatform.com, vacationhomerentals.com, and viator.com. In addition, the company provides information and services for consumers to research and book restaurants reservation in travel destinations; and vacation and short-term rental properties, including full home, condominiums, villas, beach properties, cabins, and cottages. As of December 31, 2020, it featured 1 billion reviews and opinions on 1 billion hotels and other accommodations, restaurants, experiences, airlines, and cruises. TripAdvisor, Inc. was founded in 2000 and is headquartered in Needham, Massachusetts.

Tripadvisor Trading Up 0.3 %

Shares of NASDAQ:TRIP traded up $0.08 during midday trading on Thursday, reaching $26.15. 92,711 shares of the company traded hands, compared to its average volume of 2,225,802. The stock has a 50-day moving average price of $19.99 and a 200 day moving average price of $23.72. Tripadvisor has a 52 week low of $16.87 and a 52 week high of $39.04. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.04 and a quick ratio of 2.04.

Tripadvisor (NASDAQ:TRIP - Get Rating) last released its earnings results on Thursday, August 4th. The travel company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.10. The firm had revenue of $417.00 million for the quarter, compared to analyst estimates of $391.82 million. Tripadvisor had a negative return on equity of 3.27% and a negative net margin of 2.53%. Tripadvisor's revenue was up 77.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.26) earnings per share. As a group, sell-side analysts anticipate that Tripadvisor will post 0.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TRIP has been the topic of a number of recent research reports. StockNews.com upgraded Tripadvisor from a "hold" rating to a "buy" rating in a research note on Monday. Citigroup cut their target price on Tripadvisor from $30.00 to $26.00 and set a "neutral" rating on the stock in a research note on Monday, May 9th. Truist Financial cut their target price on Tripadvisor from $57.00 to $44.00 and set a "buy" rating on the stock in a research note on Thursday, June 23rd. UBS Group cut their target price on Tripadvisor from $28.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, August 1st. Finally, Ascendiant Capital Markets set a $36.00 target price on Tripadvisor in a research note on Monday, June 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $28.78.