Travelzoo (NASDAQ:TZOO) Price Target Raised to $26.00 at Ascendiant Capital Markets

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 increased by stock analysts at Ascendiant Capital Markets from $25.00 to $26.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the information services provider's stock. Ascendiant Capital Markets' price objective points to a potential upside of 165.85% from the stock's previous close.

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

Travelzoo Stock Up 0.1%

NASDAQ:TZOO traded up $0.01 during trading hours on Tuesday, reaching $9.78. 94,829 shares of the stock were exchanged, compared to its average volume of 116,210. The firm has a 50 day simple moving average of $11.48 and a 200-day simple moving average of $13.26. Travelzoo has a 52 week low of $9.37 and a 52 week high of $24.85. The stock has a market capitalization of $107.38 million, a P/E ratio of 10.99 and a beta of 1.11.

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

Insider Transactions at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 76,500 shares of the company's stock in a transaction dated Friday, June 27th. The shares were 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 owned 4,062,696 shares in the company, valued at approximately $53,424,452.40. This represents a 1.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 230,000 shares of company stock worth $2,703,189. Insiders own 43.20% of the company's stock.

Institutional Investors Weigh In On Travelzoo

Hedge funds have recently made changes to their positions in the business. Millennium Management LLC grew its holdings in Travelzoo by 299.8% in 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 in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Travelzoo during the 1st quarter worth $1,796,000. Geode Capital Management LLC boosted its position 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 acquiring an additional 83,719 shares during the period. Raymond James Financial Inc. bought a new position in shares of Travelzoo in the fourth quarter worth $1,505,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Travelzoo during the second quarter valued at $702,000. Institutional investors own 27.39% of the company's stock.

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.