Travelzoo (NASDAQ:TZOO) Stock Price Expected to Rise, Ascendiant Capital Markets Analyst Says

Travelzoo (NASDAQ:TZOO - Get Free Report) had its price objective raised by research analysts at Ascendiant Capital Markets from $24.00 to $25.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the information services provider's stock. Ascendiant Capital Markets' price target points to a potential upside of 86.85% from the company's previous close.

Several other research firms have also recently commented on TZOO. Barrington Research reissued an "outperform" rating and set a $17.00 target price on shares of Travelzoo in a research note on Tuesday, April 29th. Noble Financial reissued an "outperform" rating on shares of Travelzoo in a research note on Wednesday, April 30th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Travelzoo has a consensus rating of "Buy" and an average price target of $25.67.

Travelzoo Price Performance

Shares of TZOO stock traded up $0.52 on Friday, hitting $13.38. The stock had a trading volume of 54,661 shares, compared to its average volume of 125,947. The firm has a market capitalization of $148.45 million, a P/E ratio of 12.50 and a beta of 1.21. Travelzoo has a 1 year low of $7.12 and a 1 year high of $24.85. The company's 50 day moving average price is $13.15 and its 200-day moving average price is $16.85.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $23.14 million during the quarter, compared to analysts' expectations of $22.99 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. On average, equities analysts forecast that Travelzoo will post 1.09 EPS for the current year.

Insider Transactions at Travelzoo

In other news, CEO Holger Bartel sold 4,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $15.42, for a total value of $61,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Azzurro Capital Inc sold 40,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $15.26, for a total value of $610,400.00. Following the completion of the sale, the insider now directly owns 4,382,696 shares of the company's stock, valued at $66,879,940.96. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 149,000 shares of company stock valued at $2,121,340. 57.45% of the stock is currently owned by corporate insiders.

Institutional Trading of Travelzoo

Several institutional investors and hedge funds have recently made changes to their positions in TZOO. Ancora Advisors LLC purchased a new stake in shares of Travelzoo in the 4th quarter valued at about $30,000. US Bancorp DE purchased a new stake in shares of Travelzoo in the 1st quarter valued at about $31,000. Lazard Asset Management LLC purchased a new stake in shares of Travelzoo in the 4th quarter valued at about $87,000. Tower Research Capital LLC TRC lifted its holdings in shares of Travelzoo by 556.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,599 shares of the information services provider's stock valued at $112,000 after purchasing an additional 4,746 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Travelzoo in the 1st quarter valued at about $120,000. 27.39% of the stock is owned by hedge funds and other institutional investors.

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.