StockNews.com upgraded shares of Travelzoo (NASDAQ:TZOO - Free Report) from a buy rating to a strong-buy rating in a report issued on Tuesday.
Separately, Barrington Research upped their target price on Travelzoo from $10.00 to $14.00 and gave the company an outperform rating in a research note on Thursday, February 29th.
Get Our Latest Stock Analysis on Travelzoo
Travelzoo Stock Performance
Shares of TZOO traded down $0.13 during mid-day trading on Tuesday, hitting $8.92. The company's stock had a trading volume of 59,623 shares, compared to its average volume of 102,566. Travelzoo has a one year low of $4.77 and a one year high of $11.23. The firm has a market capitalization of $117.74 million, a PE ratio of 10.75 and a beta of 1.71. The stock's 50-day moving average is $9.52 and its two-hundred day moving average is $8.73.
Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The information services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). The business had revenue of $21.15 million during the quarter, compared to the consensus estimate of $21.59 million. Travelzoo had a net margin of 14.64% and a return on equity of 136.51%. Analysts expect that Travelzoo will post 0.99 EPS for the current fiscal year.
Insiders Place Their Bets
In other Travelzoo news, major shareholder Azzurro Capital Inc sold 10,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $8.71, for a total transaction of $87,100.00. Following the completion of the transaction, the insider now directly owns 5,393,302 shares in the company, valued at $46,975,660.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 148,931 shares of company stock worth $1,483,335 over the last three months. 47.00% of the stock is currently owned by corporate insiders.
Institutional Trading of Travelzoo
Several large investors have recently made changes to their positions in TZOO. Tower Research Capital LLC TRC bought a new stake in shares of Travelzoo during the second quarter worth $46,000. JPMorgan Chase & Co. grew its holdings in shares of 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 purchasing an additional 6,527 shares during the last quarter. LPL Financial LLC bought a new stake in shares of Travelzoo during the second quarter worth $65,000. PDT Partners LLC bought a new stake in shares of Travelzoo during the second quarter worth $67,000. Finally, Virtu Financial LLC bought a new stake in shares of Travelzoo during the second quarter worth $68,000. Institutional investors own 27.39% of the company's stock.
Travelzoo Company Profile
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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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