Travelzoo $TZOO Shares Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP significantly increased its stake in Travelzoo by 154.4% during the first quarter, acquiring an additional 37,257 shares for a total of 61,384 shares, worth approximately $837,000.
• Travelzoo reported earnings per share (EPS) of $0.12 for the last quarter, missing estimates of $0.23, while revenue was $23.91 million, exceeding expectations of $23.51 million.
• Analysts have mixed views on Travelzoo, with ratings ranging from "outperform" to "hold," and a consensus price target of $21.50 reflecting potential for future growth.

Trexquant Investment LP raised its stake in Travelzoo (NASDAQ:TZOO - Free Report) by 154.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,384 shares of the information services provider's stock after acquiring an additional 37,257 shares during the period. Trexquant Investment LP owned 0.55% of Travelzoo worth $837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Koss Olinger Consulting LLC acquired a new stake in shares of Travelzoo during the first quarter worth about $448,000. Truvestments Capital LLC boosted its stake 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 worth $508,000 after buying an additional 36,315 shares during the period. Tidal Investments LLC acquired a new stake in shares of Travelzoo during the fourth quarter worth about $710,000. Northern Trust Corp increased its stake in shares of Travelzoo by 12.1% during the fourth quarter. Northern Trust Corp now owns 27,678 shares of the information services provider's stock worth $552,000 after acquiring an additional 2,995 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of Travelzoo by 24.1% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 180,912 shares of the information services provider's stock worth $2,466,000 after acquiring an additional 35,075 shares during the period. Institutional investors and hedge funds own 27.39% of the company's stock.

Insider Activity

In related news, major shareholder Azzurro Capital Inc sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $9.95, for a total value of $49,750.00. Following the transaction, the insider owned 3,890,196 shares in the company, valued at approximately $38,707,450.20. This trade represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 215,000 shares of company stock valued at $2,453,114 over the last 90 days. 43.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TZOO has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Travelzoo from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Ascendiant Capital Markets boosted their price objective on shares of Travelzoo from $25.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Finally, Barrington Research reissued an "outperform" rating and set a $17.00 price objective on shares of Travelzoo in a report on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $21.50.

Travelzoo Stock Down 1.6%

Shares of TZOO traded down $0.16 on Tuesday, hitting $9.63. 58,233 shares of the stock traded hands, compared to its average volume of 106,851. The stock's 50 day moving average is $10.97 and its two-hundred day moving average is $12.62. Travelzoo has a 1 year low of $9.20 and a 1 year high of $24.85. The firm has a market capitalization of $105.74 million, a P/E ratio of 10.82 and a beta of 1.01.

Travelzoo (NASDAQ:TZOO - Get Free Report) last released its 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). Travelzoo had a return on equity of 1,186.62% and a net margin of 12.32%.The business had revenue of $23.91 million for the quarter, compared to analysts' expectations of $23.51 million. Research analysts forecast that Travelzoo will post 1.09 EPS for the current year.

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.