Travelzoo (NASDAQ:TZOO) Rating Lowered to Buy at StockNews.com

Travelzoo (NASDAQ:TZOO - Get Free Report) was downgraded by research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Monday.

Separately, Barrington Research boosted their price objective on shares of Travelzoo from $10.00 to $14.00 and gave the company an "outperform" rating in a research report on Thursday, February 29th.

Travelzoo Stock Performance

NASDAQ:TZOO traded down $0.13 during trading hours on Monday, reaching $9.82. The company's stock had a trading volume of 98,431 shares, compared to its average volume of 106,917. The firm has a market capitalization of $129.62 million, a price-to-earnings ratio of 11.83 and a beta of 1.71. The firm has a 50-day simple moving average of $9.40 and a 200-day simple moving average of $8.59. Travelzoo has a 1 year low of $4.77 and a 1 year high of $11.23.

Travelzoo (NASDAQ:TZOO - Get Free Report) last issued its earnings results on Wednesday, February 28th. The information services provider reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.03). Travelzoo had a return on equity of 136.51% and a net margin of 14.64%. The business had revenue of $21.15 million during the quarter, compared to analysts' expectations of $21.59 million. Equities analysts anticipate that Travelzoo will post 0.99 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Azzurro Capital Inc sold 18,000 shares of Travelzoo stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $8.52, for a total transaction of $153,360.00. Following the sale, the insider now owns 5,440,802 shares of the company's stock, valued at approximately $46,355,633.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 148,931 shares of company stock valued at $1,483,335. Corporate insiders own 47.00% of the company's stock.

Institutional Investors Weigh In On Travelzoo

A number of large investors have recently modified their holdings of TZOO. Tower Research Capital LLC TRC bought a new stake in shares of Travelzoo during the 2nd quarter valued at about $46,000. JPMorgan Chase & Co. boosted its stake in Travelzoo by 214.4% during the second quarter. JPMorgan Chase & Co. now owns 9,571 shares of the information services provider's stock worth $58,000 after acquiring an additional 6,527 shares in the last quarter. LPL Financial LLC bought a new stake in Travelzoo during the second quarter worth about $65,000. PDT Partners LLC bought a new stake in Travelzoo during the second quarter worth about $67,000. Finally, Virtu Financial LLC bought a new stake in Travelzoo during the second quarter worth about $68,000. Institutional investors own 27.39% of the company's stock.

About Travelzoo

Travelzoo, together with its subsidiaries, operates as an Internet media company that engages in the provision of travel, entertainment, and local deals from travel and entertainment companies, and local businesses worldwide. Its publications and products include Travelzoo Website, Travelzoo Top 20 email newsletter, standalone Travelzoo emails, 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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