Oppenheimer Sticks to Its Hold Rating for TripAdvisor (TRIP)


Oppenheimer analyst Jed Kelly maintained a Hold rating on TripAdvisor (TRIP) today. The company’s shares closed last Tuesday at $17.18, close to its 52-week low of $13.73.

According to TipRanks.com, Kelly is a 5-star analyst with an average return of 10.2% and a 48.5% success rate. Kelly covers the Technology sector, focusing on stocks such as EverQuote, CarGurus, and Sabre.

The word on The Street in general, suggests a Hold analyst consensus rating for TripAdvisor with a $24.01 average price target, which is a 43.1% upside from current levels. In a report issued on May 6, Deutsche Bank also downgraded the stock to Hold with a $21.00 price target.

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TripAdvisor’s market cap is currently $2.24B and has a P/E ratio of 20.10. The company has a Price to Book ratio of 11.38.

Based on the recent corporate insider activity of 31 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 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.

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