Travelzoo (NASDAQ:TZOO) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Travelzoo was downgraded from a "buy" to a "hold" rating by Wall Street Zen, while other analysts maintain a consensus rating of "Moderate Buy" with a price target of $25.67.
• Travelzoo's shares have declined by 5.2% recently and are currently trading around $9.47, with a 12-month low of $9.16 and a high of $24.85.
• In a recent quarterly earnings report, Travelzoo missed earnings expectations, reporting $0.12 EPS against the consensus estimate of $0.23, despite having a revenue of $23.91 million.

Travelzoo (NASDAQ:TZOO - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other research firms have also commented on TZOO. Barrington Research reiterated an "outperform" rating and issued a $17.00 price objective on shares of Travelzoo in a research note on Thursday, July 24th. Noble Financial reissued an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Finally, Ascendiant Capital Markets boosted their price objective on shares of Travelzoo from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $25.67.

Travelzoo Stock Performance

Shares of NASDAQ:TZOO traded down $0.52 during trading on Friday, hitting $9.47. The company's stock had a trading volume of 211,823 shares, compared to its average volume of 174,658. The stock's 50-day moving average price is $12.71 and its two-hundred day moving average price is $14.61. Travelzoo has a fifty-two week low of $9.16 and a fifty-two week high of $24.85. The company has a market capitalization of $105.12 million, a PE ratio of 10.64 and a beta of 1.11.

Travelzoo (NASDAQ:TZOO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.11). The firm had revenue of $23.91 million for the quarter, compared to the consensus estimate of $23.51 million. Travelzoo had a net margin of 12.32% and a return on equity of 566.64%. On average, equities analysts predict that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Azzurro Capital Inc sold 76,500 shares of Travelzoo stock in a transaction on Friday, June 27th. The shares were sold at an average price of $13.15, for a total transaction of $1,005,975.00. Following the completion of the transaction, the insider owned 4,062,696 shares of the company's stock, valued at $53,424,452.40. This trade represents a 1.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 167,500 shares of company stock worth $2,167,795 over the last ninety days. 43.20% of the stock is currently owned by company insiders.

Institutional Trading of Travelzoo

Several hedge funds have recently added to or reduced their stakes in TZOO. Ancora Advisors LLC bought a new stake in shares of Travelzoo in the fourth quarter valued at approximately $30,000. Bank of New York Mellon Corp grew its stake in Travelzoo by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 67,045 shares of the information services provider's stock worth $914,000 after buying an additional 1,668 shares in the last quarter. US Bancorp DE bought a new position in shares of Travelzoo during the 1st quarter valued at $31,000. American Century Companies Inc. lifted its stake in shares of Travelzoo by 17.0% in the 1st quarter. American Century Companies Inc. now owns 16,548 shares of the information services provider's stock valued at $226,000 after acquiring an additional 2,404 shares during the last quarter. Finally, AlphaQuest LLC boosted its position in Travelzoo by 3,188.4% during the 2nd quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider's stock valued at $36,000 after buying an additional 2,742 shares during the period. Institutional investors own 27.39% of the company's stock.

About Travelzoo

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.