Koss Olinger Consulting LLC Acquires New Position in Travelzoo (NASDAQ:TZOO)

Key Points

• Koss Olinger Consulting LLC has acquired a new stake in Travelzoo by purchasing 32,832 shares valued at approximately $448,000.
• Travelzoo's stock has experienced fluctuations, with a 52-week low of $9.41 and a high of $24.85, currently trading around $9.58.
• Analysts have a consensus rating of "Moderate Buy" for Travelzoo, with a target price averaging $25.67, though some ratings have been downgraded recently.

Koss Olinger Consulting LLC acquired a new stake in shares of Travelzoo (NASDAQ:TZOO - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 32,832 shares of the information services provider's stock, valued at approximately $448,000. Koss Olinger Consulting LLC owned about 0.29% of Travelzoo as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ancora Advisors LLC purchased a new stake in Travelzoo during the 4th quarter worth approximately $30,000. US Bancorp DE purchased a new stake in Travelzoo during the 1st quarter worth approximately $31,000. Lazard Asset Management LLC purchased a new stake in Travelzoo during the 4th quarter worth approximately $87,000. Tower Research Capital LLC TRC increased its stake in Travelzoo by 556.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,599 shares of the information services provider's stock worth $112,000 after buying an additional 4,746 shares in the last quarter. Finally, Wells Fargo & Company MN acquired a new position in shares of Travelzoo during the 4th quarter worth approximately $158,000. Hedge funds and other institutional investors own 27.39% of the company's stock.

Insider Activity

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 76,500 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $13.15, for a total transaction of $1,005,975.00. Following the transaction, the insider owned 4,062,696 shares of the company's stock, valued at approximately $53,424,452.40. This trade represents a 1.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 171,800 shares of company stock worth $2,200,392 over the last 90 days. Company insiders own 43.20% of the company's stock.

Travelzoo Trading Down 2.5%

NASDAQ:TZOO traded down $0.26 during trading hours on Thursday, hitting $10.18. The company's stock had a trading volume of 35,863 shares, compared to its average volume of 137,408. The stock has a market capitalization of $112.95 million, a P/E ratio of 11.45 and a beta of 1.11. The stock has a fifty day moving average of $12.17 and a 200-day moving average of $14.09. Travelzoo has a 52-week low of $9.41 and a 52-week high of $24.85.

Travelzoo (NASDAQ:TZOO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $0.12 earnings per share (EPS) 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 return on equity of 566.64% and a net margin of 12.32%. On average, sell-side analysts forecast that Travelzoo will post 1.09 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barrington Research restated an "outperform" rating and set a $17.00 target price on shares of Travelzoo in a report on Thursday, July 24th. Noble Financial restated an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Wall Street Zen cut Travelzoo from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Ascendiant Capital Markets boosted their target price on Travelzoo from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, May 30th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.67.

About Travelzoo

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.