Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 7,500 Shares of Stock

Key Points

• Azzurro Capital Inc sold 7,500 shares of Travelzoo stock at an average price of $10.48, totaling $78,600, reducing their stake by 0.20% to approximately 3.84 million shares valued at around $40.2 million.
• Travelzoo's stock traded down by 3.3% to $10.12, with a market capitalization of $111.13 million and a P/E ratio of 11.37.
• Travelzoo reported $0.12 earnings per share in its last quarter, missing the consensus estimate, while its revenue was slightly above analysts' expectations at $23.91 million.

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 7,500 shares of the company's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $10.48, for a total transaction of $78,600.00. Following the sale, the insider directly owned 3,837,696 shares in the company, valued at approximately $40,219,054.08. The trade was a 0.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

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

• On Wednesday, September 24th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The stock was sold at an average price of $10.51, for a total transaction of $210,200.00.
• On Monday, September 15th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $9.53, for a total transaction of $190,600.00.
• On Thursday, September 11th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The stock was sold at an average price of $9.58, for a total value of $143,700.00.
• On Tuesday, September 2nd, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The stock was sold at an average price of $9.95, for a total value of $49,750.00.
• On Friday, August 29th, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The shares were sold at an average price of $9.94, for a total value of $74,550.00.
• On Friday, August 22nd, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The stock was sold at an average price of $10.04, for a total value of $225,900.00.
• 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 shares were 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 transaction of $60,417.00.

Travelzoo Stock Down 3.3%

TZOO stock traded down $0.34 during trading on Thursday, hitting $10.12. The company had a trading volume of 87,830 shares, compared to its average volume of 133,294. Travelzoo has a 52-week low of $9.20 and a 52-week high of $24.85. The company has a 50 day simple moving average of $10.23 and a 200-day simple moving average of $12.21. The firm has a market capitalization of $111.13 million, a P/E ratio of 11.37 and a beta of 1.01.

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

Institutional Investors Weigh In On Travelzoo

Large investors have recently modified their holdings of the business. Evergreen Capital Management LLC acquired a new position in shares of Travelzoo in the 2nd quarter valued at $382,000. Man Group plc increased its holdings in shares of Travelzoo by 26.3% in the second quarter. Man Group plc now owns 74,179 shares of the information services provider's stock valued at $944,000 after purchasing an additional 15,468 shares during the period. Bank of America Corp DE raised its stake in shares of Travelzoo by 1,242.5% in the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider's stock worth $27,000 after purchasing an additional 1,988 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Travelzoo during the second quarter worth about $93,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in Travelzoo in the second quarter valued at approximately $149,000. Hedge funds and other institutional investors own 27.39% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Barrington Research reiterated an "outperform" rating and issued a $17.00 price target on shares of Travelzoo in a report on Thursday, July 24th. Ascendiant Capital Markets lifted their target price on Travelzoo from $25.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Wall Street Zen downgraded shares of Travelzoo from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Zacks Research upgraded shares of Travelzoo from a "strong sell" rating to a "hold" rating in a report on Monday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Travelzoo currently has a consensus rating of "Moderate Buy" and an average target price of $21.50.

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.

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