Travelzoo (NASDAQ:TZOO) Upgraded to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Travelzoo from “Sell” to “Hold,” joining a mixed analyst outlook. The stock has a consensus “Hold” rating and an average price target of $13.83.
• Travelzoo reported a quarterly loss of $0.20 per share, missing the $0.09 loss estimate, while revenue of $22.91 million was roughly in line with expectations. Analysts project a full-year loss of $0.11 per share.
• Shares opened at $5.16, near the company’s 52-week low of $4.72 and below its 50-day and 200-day moving averages. Institutional investors own 27.39% of the stock, including a new 55,177-share position purchased by Bank of New York Mellon.

Travelzoo (NASDAQ:TZOO - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other research analysts have also recently issued reports on the company. UBS Group set a $9.50 price objective on Travelzoo in a report on Wednesday, July 29th. Ascendiant Capital Markets lowered their target price on shares of Travelzoo from $23.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday, August 20th. Zacks Research raised shares of Travelzoo from a "strong sell" rating to a "hold" rating in a report on Tuesday, October 20th. 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 investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $13.83.

Travelzoo Price Performance

Travelzoo stock opened at $5.16 on Friday. The company has a market capitalization of $52.64 million, a PE ratio of -28.67 and a beta of 1.36. Travelzoo has a one year low of $4.72 and a one year high of $12.39. The business has a 50 day simple moving average of $5.66 and a 200 day simple moving average of $7.41.

Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The information services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.11). Travelzoo had a negative net margin of 1.82% and a negative return on equity of 9.35%. The company had revenue of $22.91 million during the quarter, compared to analyst estimates of $22.97 million. During the same period in the prior year, the firm earned $0.01 EPS. Equities analysts anticipate that Travelzoo will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Travelzoo stock. Bank of New York Mellon Corp purchased a new stake in shares of Travelzoo (NASDAQ:TZOO - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 55,177 shares of the information services provider's stock, valued at approximately $644,000. Bank of New York Mellon Corp owned approximately 0.54% of Travelzoo at the end of the most recent reporting period. Institutional investors and hedge funds own 27.39% of the company's stock.

Travelzoo Company Profile

Travelzoo NASDAQ: TZOO is an internet media company that publishes travel and entertainment offers for consumers. Its platform features deals on hotels, vacations, cruises, flights, restaurants, spas, events and other leisure activities, connecting participating businesses with an audience of members and website visitors.

The company's products and services include its travel and local-deals publications, destination and deal guides, and online tools that help users discover and compare travel opportunities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.