Cowen & Co. Reaffirms Their Hold Rating on TripAdvisor Inc (TRIP)

By Austin Angelo

Cowen & Co. analyst Kevin Kopelman reiterated a Hold rating on TripAdvisor Inc (NASDAQ: TRIP) yesterday and set a price target of $47. The company’s shares opened today at $50.90.

According to, Kopelman is a 3-star analyst with an average return of 5.8% and a 53.8% success rate. Kopelman covers the Services sector, focusing on stocks such as Corp., Ctripcom, and Expedia.

Currently, the analyst consensus on TripAdvisor Inc is a Hold with an average price target of $46.71, a -8.2% 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.

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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.