Susquehanna Reaffirms Their Hold Rating on TripAdvisor Inc (TRIP)

Susquehanna analyst Shyam Patil reiterated a Hold rating on TripAdvisor Inc (NASDAQ: TRIP) yesterday and set a price target of $50. The company’s shares opened today at $51.54.

According to TipRanks.com, Patil is a 5-star analyst with an average return of 19.1% and a 72.9% success rate. Patil covers the Technology sector, focusing on stocks such as Match Group Inc, Alphabet Inc, and trivago NV.

Currently, the analyst consensus on TripAdvisor Inc is a Hold with an average price target of $47.57, implying a -7.7% downside from current levels. In a report released today, Needham also upgraded the stock to Hold.

.

See today’s analyst top recommended stocks >>

Based on TripAdvisor Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $433 million and net profit of $32 million. In comparison, last year the company earned revenue of $424 million and had a net profit of $27 million.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TRIP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

TripAdvisor, Inc. is an online travel company, which owns and operates a portfolio of online travel brands. It operates its business through the Hotel and Non-Hotel segments.