Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 22,500 Shares of Stock

Key Points

• Azzurro Capital Inc, a major shareholder of Travelzoo, sold 22,500 shares at an average price of $10.04, totaling approximately $225,900, reducing their ownership by 0.57%.
• Travelzoo's recent stock performance has seen it trading at $9.69, with a market cap of $106.40 million and a P/E ratio of 10.89.
• Despite missing earnings expectations in their latest quarterly report, several analysts continue to rate Travelzoo's stock with a consensus "Buy" rating and an average price target of $25.67.

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 22,500 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $10.04, for a total transaction of $225,900.00. Following the completion of the sale, the insider directly owned 3,912,696 shares in the company, valued at approximately $39,283,467.84. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• On Thursday, August 21st, Azzurro Capital Inc sold 32,500 shares of Travelzoo stock. The shares were sold at an average price of $9.55, for a total value of $310,375.00.
• On Wednesday, August 13th, Azzurro Capital Inc sold 3,700 shares of Travelzoo stock. The stock was sold at an average price of $10.51, for a total value of $38,887.00.
• On Tuesday, August 12th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $10.14, for a total value of $202,800.00.
• On Friday, August 1st, Azzurro Capital Inc sold 6,300 shares of Travelzoo stock. The shares were sold at an average price of $9.59, for a total value of $60,417.00.
• On Tuesday, July 29th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $10.35, for a total value of $103,500.00.
• On Monday, July 28th, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The stock was sold at an average price of $11.08, for a total transaction of $83,100.00.
• On Friday, June 27th, Azzurro Capital Inc sold 76,500 shares of Travelzoo stock. The stock was sold at an average price of $13.15, for a total transaction of $1,005,975.00.
• On Wednesday, June 25th, Azzurro Capital Inc sold 11,000 shares of Travelzoo stock. The stock was sold at an average price of $12.81, for a total transaction of $140,910.00.
• On Friday, June 20th, Azzurro Capital Inc sold 2,500 shares of Travelzoo stock. The stock was sold at an average price of $12.42, for a total transaction of $31,050.00.
• On Wednesday, June 18th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $12.59, for a total transaction of $125,900.00.

Travelzoo Stock Up 0.3%

Shares of NASDAQ TZOO traded up $0.03 during midday trading on Friday, reaching $9.81. 108,569 shares of the stock were exchanged, compared to its average volume of 110,874. Travelzoo has a twelve month low of $9.37 and a twelve month high of $24.85. The firm has a 50-day simple moving average of $11.43 and a two-hundred day simple moving average of $13.18. The firm has a market cap of $107.71 million, a price-to-earnings ratio of 11.02 and a beta of 1.11.

Travelzoo (NASDAQ:TZOO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $0.12 EPS for the quarter, missing the consensus estimate 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. Research analysts expect that Travelzoo will post 1.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Travelzoo

A number of institutional investors have recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC purchased a new position in Travelzoo during the second quarter worth approximately $382,000. Man Group plc lifted its position in Travelzoo by 26.3% during the second quarter. Man Group plc now owns 74,179 shares of the information services provider's stock worth $944,000 after buying an additional 15,468 shares in the last quarter. Bank of America Corp DE lifted its position in Travelzoo by 1,242.5% during the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider's stock worth $27,000 after buying an additional 1,988 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Travelzoo during the second quarter worth approximately $93,000. Finally, Occudo Quantitative Strategies LP purchased a new position in Travelzoo during the second quarter worth approximately $149,000. Hedge funds and other institutional investors own 27.39% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Ascendiant Capital Markets raised their price objective on Travelzoo from $25.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday. Barrington Research reaffirmed an "outperform" rating and issued a $17.00 price target on shares of Travelzoo in a research note on Thursday, July 24th. Finally, Wall Street Zen lowered 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 data from MarketBeat, Travelzoo currently has a consensus rating of "Buy" and a consensus price target of $26.00.

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.