Travelzoo (NASDAQ:TZOO) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded Travelzoo from “strong sell” to “hold,” while the broader analyst consensus remains “Hold” with an average price target of $13.83.
• Travelzoo shares opened at $5.24, near their 52-week low of $4.72, after the company reported a quarterly loss of $0.21 per share and revenue of $23.21 million, both below analyst expectations.
• Bank of New York Mellon initiated a position of 55,177 shares worth approximately $644,000; institutional investors collectively own 27.39% of Travelzoo.

Travelzoo (NASDAQ:TZOO - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Tuesday, Zacks reports.

Several other equities research analysts also recently issued reports on TZOO. Ascendiant Capital Markets dropped their price target on shares of Travelzoo from $23.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, August 20th. Wall Street Zen lowered shares of Travelzoo from a "hold" rating to a "sell" rating in a report on Saturday, August 22nd. UBS Group set a $9.50 price objective on shares of Travelzoo in a research report on Wednesday, July 29th. Finally, Weiss Ratings cut shares of Travelzoo from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, September 29th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $13.83.

Travelzoo Stock Up 1.7%

Shares of NASDAQ:TZOO opened at $5.24 on Tuesday. The company has a market capitalization of $53.45 million, a price-to-earnings ratio of 174.67 and a beta of 1.36. The company has a 50 day moving average of $5.91 and a two-hundred day moving average of $8.15. Travelzoo has a 52-week low of $4.72 and a 52-week high of $12.39.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its earnings results on Tuesday, July 28th. The information services provider reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.35). Travelzoo had a negative return on equity of 9.35% and a net margin of 0.51%. The firm had revenue of $23.21 million for the quarter, compared to analyst estimates of $25.00 million. During the same period in the previous year, the firm posted $0.12 earnings per share. On average, equities analysts anticipate that Travelzoo will post -0.14 earnings per share for the current year.

Hedge Funds Weigh In On Travelzoo

An institutional investor recently bought a new position in Travelzoo stock. Bank of New York Mellon Corp bought a new stake in shares of Travelzoo (NASDAQ:TZOO - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 55,177 shares of the information services provider's stock, valued at approximately $644,000. Bank of New York Mellon Corp owned about 0.54% of Travelzoo at the end of the most recent quarter. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

Travelzoo Company Profile

Travelzoo is an internet media company that publishes and promotes travel, entertainment and local deals for consumers. Its offerings include curated travel offers, hotel and vacation packages, cruises, restaurants, activities, events and other experiences.

The company distributes its content through its website, email newsletters, mobile products and other digital channels. Its services have included the Travelzoo Top 20, a selection of notable travel offers; Travelzoo Experiences, which features activities and entertainment; and search and booking tools that help users discover deals from travel and local-business partners.

Founded in 1998, Travelzoo serves audiences across multiple international markets, including North America, Europe and parts of Asia-Pacific.

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