Brokers

Brokers Issue Forecasts for Tripadvisor, Inc.’s FY2022 Earnings (NASDAQ:TRIP)

Tripadvisor, Inc. (NASDAQ:TRIPGet Rating) – Jefferies Financial Group lowered their FY2022 earnings estimates for Tripadvisor in a research note issued on Monday, November 14th. Jefferies Financial Group analyst J. Colantuoni now anticipates that the travel company will post earnings per share of $0.02 for the year, down from their prior forecast of $0.33. Jefferies Financial Group has a “Underperform” rating and a $18.00 price target on the stock. The consensus estimate for Tripadvisor’s current full-year earnings is $0.10 per share. Jefferies Financial Group also issued estimates for Tripadvisor’s Q4 2022 earnings at ($0.09) EPS, Q1 2023 earnings at ($0.04) EPS, Q3 2023 earnings at $0.46 EPS, FY2023 earnings at $0.84 EPS, FY2024 earnings at $0.94 EPS and FY2025 earnings at $1.01 EPS.

A number of other equities research analysts also recently commented on the stock. Citigroup reduced their price objective on shares of Tripadvisor from $27.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, November 9th. StockNews.com downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Friday, November 11th. Truist Financial reduced their price objective on shares of Tripadvisor from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Credit Suisse Group dropped their target price on shares of Tripadvisor to $28.00 in a report on Tuesday. Finally, Barclays dropped their target price on shares of Tripadvisor from $22.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, November 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $24.64.

Tripadvisor Stock Performance

Shares of NASDAQ:TRIP opened at $20.34 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.28 and a current ratio of 2.28. Tripadvisor has a 52 week low of $16.87 and a 52 week high of $30.91. The company has a 50-day moving average price of $23.15 and a 200 day moving average price of $22.51.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TRIP. IFP Advisors Inc grew its stake in Tripadvisor by 76.6% in the 3rd quarter. IFP Advisors Inc now owns 1,199 shares of the travel company’s stock worth $76,000 after acquiring an additional 520 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in Tripadvisor in the 3rd quarter worth approximately $32,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in Tripadvisor by 44.3% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,745 shares of the travel company’s stock worth $47,000 after acquiring an additional 536 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Tripadvisor in the 2nd quarter worth approximately $37,000. Finally, Venture Visionary Partners LLC purchased a new stake in Tripadvisor in the 2nd quarter worth approximately $39,000. 92.76% of the stock is owned by hedge funds and other institutional investors.

About Tripadvisor

(Get Rating)

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.

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Earnings History and Estimates for Tripadvisor (NASDAQ:TRIP)

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 contact@marketbeat.com.

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