News stories about Tripadvisor (NASDAQ:TRIP) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tripadvisor earned a news impact score of 0.14 on Accern’s scale. Accern also gave news articles about the travel company an impact score of 46.558768670638 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- The best Fish and Chips in Yorkshire according to TripAdvisor (yorkshirepost.co.uk)
- Pub rated excellent on TripAdvisor gets one out of five food hygiene rating (lincolnshirelive.co.uk)
- Playa del Carmen top tourist destination (mexiconewsdaily.com)
- SevenRooms Teams with TripAdvisor and TableSafe in LA (modernrestaurantmanagement.com)
- 6 of TripAdvisor’s top 10 beaches in the country are in *this* state (wellandgood.com)
Several brokerages have recently commented on TRIP. Zacks Investment Research raised shares of Tripadvisor from a “sell” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Thursday, January 11th. ValuEngine raised shares of Tripadvisor from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $47.00 price objective on shares of Tripadvisor in a research report on Thursday, February 15th. Oppenheimer reaffirmed a “hold” rating on shares of Tripadvisor in a research report on Sunday, December 17th. Finally, BidaskClub raised shares of Tripadvisor from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Seven investment analysts have rated the stock with a sell rating and eighteen have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $40.05.
Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.08). Tripadvisor had a negative net margin of 1.22% and a positive return on equity of 5.63%. The business had revenue of $321.00 million during the quarter, compared to analyst estimates of $309.12 million. During the same period in the previous year, the business posted $0.16 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. sell-side analysts anticipate that Tripadvisor will post 0.63 EPS for the current fiscal year.
Tripadvisor announced that its board has initiated a stock repurchase plan on Wednesday, February 14th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the travel company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.
In other Tripadvisor news, insider Dermot Halpin sold 26,313 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $42.49, for a total transaction of $1,118,039.37. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Ernst 02494 Teunissen sold 9,457 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $40.00, for a total value of $378,280.00. Following the transaction, the chief financial officer now owns 13,866 shares in the company, valued at $554,640. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by company insiders.
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Tripadvisor Company Profile
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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