Travelzoo (NASDAQ:TZOO - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.
Several other research firms have also recently issued reports on TZOO. Noble Financial reiterated an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Barrington Research reiterated an "outperform" rating and issued a $17.00 price target on shares of Travelzoo in a report on Thursday, July 24th. Finally, Ascendiant Capital Markets increased their target price on Travelzoo from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Travelzoo currently has an average rating of "Moderate Buy" and an average target price of $25.67.
Get Our Latest Research Report on TZOO
Travelzoo Price Performance
Shares of NASDAQ TZOO traded down $0.11 during trading hours on Friday, reaching $9.77. The stock had a trading volume of 56,620 shares, compared to its average volume of 138,934. The business's fifty day moving average is $12.58 and its two-hundred day moving average is $14.50. Travelzoo has a twelve month low of $9.41 and a twelve month high of $24.85. The company has a market cap of $108.39 million, a price-to-earnings ratio of 10.97 and a beta of 1.11.
Travelzoo (NASDAQ:TZOO - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.11). Travelzoo had a return on equity of 566.64% and a net margin of 12.32%. The company had revenue of $23.91 million for the quarter, compared to analyst estimates of $23.51 million. Sell-side analysts forecast that Travelzoo will post 1.09 earnings per share for the current fiscal year.
Insider Buying and Selling at Travelzoo
In other news, major shareholder Azzurro Capital Inc sold 6,300 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $9.59, for a total transaction of $60,417.00. Following the completion of the sale, the insider directly owned 3,991,396 shares in the company, valued at approximately $38,277,487.64. This represents a 0.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 173,800 shares of company stock worth $2,228,212. Corporate insiders own 43.20% of the company's stock.
Hedge Funds Weigh In On Travelzoo
A number of institutional investors have recently modified their holdings of TZOO. Ancora Advisors LLC acquired a new position in shares of Travelzoo during the 4th quarter worth $30,000. US Bancorp DE acquired a new position in shares of Travelzoo during the 1st quarter worth $31,000. AlphaQuest LLC raised its holdings in shares of Travelzoo by 3,188.4% during the 2nd quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider's stock worth $36,000 after buying an additional 2,742 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Travelzoo during the 4th quarter worth $87,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Travelzoo by 556.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,599 shares of the information services provider's stock worth $112,000 after buying an additional 4,746 shares in the last quarter. Institutional investors and hedge funds own 27.39% of the company's stock.
Travelzoo Company Profile
(
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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