131,746 Shares in Travelzoo $TZOO Purchased by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. has acquired a new position in Travelzoo (NASDAQ: TZOO), purchasing 131,746 shares valued at approximately $1.8 million, representing about 1.17% of the company.
• Insider trading saw major shareholder Azzurro Capital Inc. sell 76,500 shares for about $1.01 million, reducing their stake to 4,062,696 shares.
• Analyst ratings for Travelzoo remain positive, with an average rating of "Buy" and target prices ranging from $17.00 to $26.00, indicating potential for growth.

Jacobs Levy Equity Management Inc. bought a new position in Travelzoo (NASDAQ:TZOO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 131,746 shares of the information services provider's stock, valued at approximately $1,796,000. Jacobs Levy Equity Management Inc. owned 1.17% of Travelzoo at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new position in Travelzoo in the first quarter worth $120,000. State of Wyoming lifted its holdings in shares of Travelzoo by 218.5% during the first quarter. State of Wyoming now owns 27,240 shares of the information services provider's stock valued at $371,000 after acquiring an additional 18,687 shares during the period. Trexquant Investment LP lifted its holdings in shares of Travelzoo by 154.4% during the first quarter. Trexquant Investment LP now owns 61,384 shares of the information services provider's stock valued at $837,000 after acquiring an additional 37,257 shares during the period. OMERS ADMINISTRATION Corp lifted its holdings in shares of Travelzoo by 28.9% during the first quarter. OMERS ADMINISTRATION Corp now owns 32,400 shares of the information services provider's stock valued at $442,000 after acquiring an additional 7,270 shares during the period. Finally, Truvestments Capital LLC lifted its holdings in shares of Travelzoo by 3,732.3% during the first quarter. Truvestments Capital LLC now owns 37,288 shares of the information services provider's stock valued at $508,000 after acquiring an additional 36,315 shares during the period. 27.39% of the stock is owned by institutional investors.

Travelzoo Price Performance

Shares of NASDAQ:TZOO traded up $0.12 during midday trading on Tuesday, reaching $9.73. The company's stock had a trading volume of 65,024 shares, compared to its average volume of 98,863. Travelzoo has a fifty-two week low of $9.20 and a fifty-two week high of $24.85. The company has a market capitalization of $106.84 million, a P/E ratio of 10.93 and a beta of 1.01. The business's fifty day simple moving average is $10.59 and its 200-day simple moving average is $12.40.

Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its 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). Travelzoo had a net margin of 12.32% and a return on equity of 1,186.62%. The business had revenue of $23.91 million during the quarter, compared to analyst estimates of $23.51 million. On average, analysts forecast that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on TZOO shares. Barrington Research reissued an "outperform" rating and set a $17.00 price objective on shares of Travelzoo in a report on Thursday, July 24th. Ascendiant Capital Markets lifted their price objective on Travelzoo from $25.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen cut Travelzoo from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of $21.50.

Insider Buying and Selling

In related news, major shareholder Azzurro Capital Inc sold 15,000 shares of Travelzoo stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $9.58, for a total value of $143,700.00. Following the completion of the sale, the insider directly owned 3,865,196 shares in the company, valued at $37,028,577.68. This trade represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 230,000 shares of company stock valued at $2,596,814 in the last three months. 43.20% of the stock is owned by company insiders.

Travelzoo 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.