Ascendiant Capital Markets Forecasts Strong Price Appreciation for Travelzoo (NASDAQ:TZOO) Stock

Key Points

• Ascendiant Capital Markets raised the price target for Travelzoo (NASDAQ:TZOO) from $25.00 to $26.00, indicating a potential upside of 168.32% from its current price.
• The stock has a consensus rating of "Buy" from various analysts, with four rating it as such, and a consensus price target of $26.00.
• Travelzoo reported a net margin of 12.32% for the last quarter, with earnings per share of $0.12, which fell short of analysts' expectations of $0.23.

Travelzoo (NASDAQ:TZOO - Get Free Report) had its price target boosted by research analysts at Ascendiant Capital Markets from $25.00 to $26.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the information services provider's stock. Ascendiant Capital Markets' price target would suggest a potential upside of 165.04% from the company's current price.

TZOO has been the subject of a number of other research reports. Noble Financial reiterated an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Barrington Research reaffirmed an "outperform" rating and set a $17.00 target price on shares of Travelzoo in a research report on Thursday, July 24th. Finally, Wall Street Zen lowered Travelzoo from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Travelzoo has a consensus rating of "Buy" and a consensus price target of $26.00.

Travelzoo Stock Up 0.3%

NASDAQ TZOO traded up $0.03 during trading on Tuesday, hitting $9.81. 108,569 shares of the stock traded hands, compared to its average volume of 110,874. The company has a market capitalization of $107.71 million, a P/E ratio of 11.02 and a beta of 1.11. The firm has a 50-day simple moving average of $11.43 and a 200-day simple moving average of $13.12. Travelzoo has a 12-month low of $9.37 and a 12-month high of $24.85.

Travelzoo (NASDAQ:TZOO - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.11). The firm had revenue of $23.91 million for the quarter, compared to analysts' expectations of $23.51 million. Travelzoo had a net margin of 12.32% and a return on equity of 1,186.62%. As a group, research analysts predict that Travelzoo will post 1.09 EPS for the current fiscal year.

Insider Activity at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 76,500 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $13.15, for a total value of $1,005,975.00. Following the completion of the transaction, the insider directly owned 4,062,696 shares of the company's stock, valued at approximately $53,424,452.40. The trade was a 1.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 207,500 shares of company stock valued at $2,392,464. Insiders own 43.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TZOO. Millennium Management LLC grew its stake in Travelzoo by 299.8% during the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider's stock worth $4,213,000 after buying an additional 231,790 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Travelzoo during the 1st quarter worth $1,796,000. Geode Capital Management LLC grew its stake in Travelzoo by 113.8% during the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider's stock worth $2,002,000 after buying an additional 83,719 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Travelzoo during the 4th quarter worth $1,505,000. Finally, Los Angeles Capital Management LLC purchased a new position in Travelzoo during the 2nd quarter worth $702,000. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

Travelzoo Company Profile

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.