Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 7,500 Shares

Key Points

• Major shareholder Azzurro Capital Inc sold 7,500 shares of Travelzoo at an average price of $9.94, totaling $74,550, and now holds 3,895,196 shares of the company.
• Travelzoo's stock price fell to $9.30, a decline from a 52-week high of $24.85, with a market capitalization of $102.11 million.
• Leading analysts have recently placed a consensus "Buy" rating on Travelzoo, with price target estimates varying from $17.00 to $26.00.

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 7,500 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $9.94, for a total value of $74,550.00. Following the transaction, the insider directly owned 3,895,196 shares of the company's stock, valued at approximately $38,718,248.24. The trade was a 0.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, September 2nd, Azzurro Capital Inc sold 5,000 shares of Travelzoo stock. The shares were sold at an average price of $9.95, for a total value of $49,750.00.
• On Friday, August 22nd, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The shares were sold at an average price of $10.04, for a total value of $225,900.00.
• On Thursday, August 21st, Azzurro Capital Inc sold 32,500 shares of Travelzoo stock. The shares were sold at an average price of $9.55, for a total value of $310,375.00.
• On Wednesday, August 13th, Azzurro Capital Inc sold 3,700 shares of Travelzoo stock. The shares were sold at an average price of $10.51, for a total value of $38,887.00.
• On Tuesday, August 12th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $10.14, for a total value of $202,800.00.
• On Friday, August 1st, Azzurro Capital Inc sold 6,300 shares of Travelzoo stock. The shares were sold at an average price of $9.59, for a total value of $60,417.00.
• On Tuesday, July 29th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $10.35, for a total value of $103,500.00.
• On Monday, July 28th, Azzurro Capital Inc sold 7,500 shares of Travelzoo stock. The shares were sold at an average price of $11.08, for a total value of $83,100.00.
• On Friday, June 27th, Azzurro Capital Inc sold 76,500 shares of Travelzoo stock. The shares were sold at an average price of $13.15, for a total value 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 value of $140,910.00.

Travelzoo Stock Performance

TZOO stock traded down $0.42 during midday trading on Wednesday, reaching $9.30. 147,739 shares of the company traded hands, compared to its average volume of 135,911. Travelzoo has a 52-week low of $9.29 and a 52-week high of $24.85. The business has a 50 day moving average of $11.32 and a 200-day moving average of $12.96. The firm has a market capitalization of $102.11 million, a price-to-earnings ratio of 10.45 and a beta of 1.01.

Travelzoo (NASDAQ:TZOO - Get Free Report) last issued its quarterly earnings data 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). Travelzoo had a net margin of 12.32% and a return on equity of 1,186.62%. The company had revenue of $23.91 million for the quarter, compared to analysts' expectations of $23.51 million. Research analysts anticipate that Travelzoo will post 1.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Travelzoo from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. 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 price target on Travelzoo from $25.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $26.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TZOO. Ancora Advisors LLC bought a new stake in Travelzoo during the 4th quarter valued at $30,000. Bank of New York Mellon Corp raised 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 acquiring an additional 1,668 shares during the last quarter. Bank of America Corp DE raised its stake in Travelzoo by 1,242.5% in the 2nd quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider's stock worth $27,000 after acquiring an additional 1,988 shares during the last quarter. AdvisorShares Investments LLC raised its stake in shares of Travelzoo by 29.5% during the 2nd quarter. AdvisorShares Investments LLC now owns 9,068 shares of the information services provider's stock valued at $115,000 after buying an additional 2,068 shares during the last quarter. Finally, US Bancorp DE purchased a new position in shares of Travelzoo during the 1st quarter valued at about $31,000. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

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.

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