Stifel Nicolaus Sticks to Its Hold Rating for TripAdvisor (TRIP)

In a report issued on April 30, Scott Devitt from Stifel Nicolaus maintained a Hold rating on TripAdvisor (TRIPResearch Report), with a price target of $39.00. The company’s shares closed last Tuesday at $46.16.

According to TipRanks.com, Devitt is a top 25 analyst with an average return of 35.3% and a 71.7% success rate. Devitt covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies, and Alphabet Class A.

TripAdvisor has an analyst consensus of Hold, with a price target consensus of $43.71, which is a -7.0% downside from current levels. In a report issued on April 22, Wedbush also maintained a Hold rating on the stock with a $50.00 price target.

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Based on TripAdvisor’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $116 million and GAAP net loss of $72 million. In comparison, last year the company earned revenue of $335 million and had a net profit of $16 million.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRIP in relation to earlier this year.

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TripAdvisor, Inc. is an online travel company, which owns and operates a portfolio of online travel brands. It operates through the following segments: Hotels, Media and Platform, and Experiences and Dining. The Hotels, Media and Platform segment provides contextually-relevant booking links to travel partners on websites. The Experiences and Dining segment provides information and services that allow consumers to research and book activities and attractions in popular travel destinations both through Viator, website and mobile apps. The company was founded by Nicholas Shanny and Stephen Kaufer in February 2000 and is headquartered in Needham, MA.