TripAdvisor Inc (TRIP) Receives a Rating Update from a Top Analyst

In a report released yesterday, Scott Devitt from Stifel Nicolaus reiterated a Hold rating on TripAdvisor Inc (NASDAQ: TRIP), with a price target of $48. The company’s shares closed yesterday at $51.18.

According to TipRanks.com, Devitt is a top 100 analyst with an average return of 24.6% and a 71.7% success rate. Devitt covers the Technology sector, focusing on stocks such as Paypal Holdings, Alphabet Inc, and Mercadolibre.

TripAdvisor Inc has an analyst consensus of Hold, with a price target consensus of $47.43, a -7.3% downside from current levels. In a report issued on July 30, Oppenheimer also maintained a Hold rating on the stock.

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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.