Travelzoo (NASDAQ:TZOO - Get Free Report) had its price target upped by equities research analysts at Ascendiant Capital Markets from $24.00 to $25.00 in a report released on Friday,Benzinga reports. The firm presently has a "buy" rating on the information services provider's stock. Ascendiant Capital Markets' target price would suggest a potential upside of 82.48% from the stock's current price.
Several other analysts have also issued reports on the stock. Barrington Research reissued an "outperform" rating and issued a $17.00 price target on shares of Travelzoo in a research report on Tuesday, April 29th. Noble Financial reissued an "outperform" rating on shares of Travelzoo in a research report on Wednesday, April 30th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $25.67.
Check Out Our Latest Stock Analysis on Travelzoo
Travelzoo Stock Performance
TZOO stock traded up $0.30 during mid-day trading on Friday, hitting $13.70. The company had a trading volume of 151,053 shares, compared to its average volume of 126,199. The stock's fifty day moving average price is $13.18 and its two-hundred day moving average price is $16.90. Travelzoo has a 12 month low of $7.12 and a 12 month high of $24.85. The firm has a market cap of $152.00 million, a PE ratio of 12.80 and a beta of 1.21.
Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The information services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The business had revenue of $23.14 million during the quarter, compared to the consensus estimate of $22.99 million. Equities analysts anticipate that Travelzoo will post 1.09 earnings per share for the current year.
Insider Activity at Travelzoo
In related news, CEO Holger Bartel sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $15.42, for a total transaction of $61,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Azzurro Capital Inc sold 25,000 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $13.35, for a total transaction of $333,750.00. Following the transaction, the insider now directly owns 4,297,696 shares of the company's stock, valued at approximately $57,374,241.60. This represents a 0.58% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 108,000 shares of company stock valued at $1,562,530. Corporate insiders own 57.45% of the company's stock.
Hedge Funds Weigh In On Travelzoo
A number of hedge funds and other institutional investors have recently bought and sold shares of TZOO. Millennium Management LLC grew its stake in Travelzoo by 299.8% in the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider's stock worth $4,213,000 after buying an additional 231,790 shares in the last quarter. Truffle Hound Capital LLC purchased a new position in Travelzoo in the 4th quarter worth approximately $3,990,000. Jacobs Levy Equity Management Inc. purchased a new position in Travelzoo in the 1st quarter worth approximately $1,796,000. Renaissance Technologies LLC grew its stake in Travelzoo by 17.9% in the 4th quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider's stock worth $14,168,000 after buying an additional 107,681 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Travelzoo in the 4th quarter worth approximately $2,102,000. Hedge funds and other institutional investors own 27.39% of the company's stock.
About Travelzoo
(
Get Free Report)
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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