Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 6,300 Shares of Stock

Key Points

• Azzurro Capital Inc, a major shareholder of Travelzoo, sold 6,300 shares at an average price of $9.59, totaling approximately $60,417, which resulted in a 0.16% decrease in their ownership.
• Following recent sales, Azzurro Capital Inc now holds 3,991,396 shares of Travelzoo, valued at roughly $38.3 million.
• Despite a recent decline in share value, Travelzoo has a market cap of $109.56 million, with an average target price of $25.67 from analysts, indicating ongoing positive sentiment among some investors.

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 6,300 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $9.59, for a total transaction of $60,417.00. Following the transaction, the insider directly owned 3,991,396 shares in the company, valued at $38,277,487.64. The trade was a 0.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• On Tuesday, July 29th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $10.35, for a total transaction of $103,500.00.
• On Monday, July 28th, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The stock was sold at an average price of $11.08, for a total transaction of $83,100.00.
• On Friday, June 27th, Azzurro Capital Inc sold 76,500 shares of Travelzoo stock. The stock was sold at an average price of $13.15, for a total transaction of $1,005,975.00.
• On Wednesday, June 25th, Azzurro Capital Inc sold 11,000 shares of Travelzoo stock. The shares were sold at an average price of $12.81, for a total transaction of $140,910.00.
• On Friday, June 20th, Azzurro Capital Inc sold 2,500 shares of Travelzoo stock. The shares were sold at an average price of $12.42, for a total transaction of $31,050.00.
• On Wednesday, June 18th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $12.59, for a total transaction of $125,900.00.
• On Monday, June 2nd, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The shares were sold at an average price of $12.73, for a total transaction of $63,650.00.
• On Friday, May 30th, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The shares were sold at an average price of $13.81, for a total transaction of $310,725.00.
• On Thursday, May 29th, Azzurro Capital Inc sold 18,500 shares of Travelzoo stock. The shares were sold at an average price of $13.41, for a total transaction of $248,085.00.
• On Wednesday, May 28th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The stock was sold at an average price of $13.54, for a total transaction of $27,080.00.

Travelzoo Stock Performance

Shares of NASDAQ TZOO traded up $0.14 during midday trading on Thursday, hitting $9.86. The company's stock had a trading volume of 69,604 shares, compared to its average volume of 138,757. Travelzoo has a 1-year low of $9.41 and a 1-year high of $24.85. The firm's fifty day moving average price is $12.51 and its 200-day moving average price is $14.46. The firm has a market cap of $109.40 million, a P/E ratio of 11.08 and a beta of 1.11.

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

Institutional Trading of Travelzoo

Hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC bought a new stake in Travelzoo in the 4th quarter valued at about $30,000. US Bancorp DE bought a new stake in shares of Travelzoo during the 1st quarter worth about $31,000. AlphaQuest LLC raised its position 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 bought a new stake in shares of Travelzoo during the 4th quarter worth about $87,000. Finally, Tower Research Capital LLC TRC raised its position 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. 27.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TZOO shares. Noble Financial reissued an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Wall Street Zen lowered shares of Travelzoo from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Barrington Research reissued an "outperform" rating and set a $17.00 price objective on shares of Travelzoo in a report on Thursday, July 24th. Finally, Ascendiant Capital Markets raised their price objective on shares of Travelzoo from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, May 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Travelzoo presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.67.

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.