Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 10,000 Shares of Stock

Key Points

• Azzurro Capital Inc, a major shareholder of Travelzoo, sold 10,000 shares at an average price of $10.35, resulting in a total sale value of $103,500.
• After the recent sale, Azzurro Capital's ownership decreased to 4,045,196 shares, valued at approximately $41.87 million.
• Travelzoo reported quarterly earnings of $0.12 per share, which missed estimates, and had a revenue of $23.91 million for the quarter, exceeding analyst expectations.

Travelzoo (NASDAQ:TZOO - Get Free Report) major shareholder Azzurro Capital Inc sold 10,000 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $10.35, for a total transaction of $103,500.00. Following the transaction, the insider directly owned 4,045,196 shares of the company's stock, valued at approximately $41,867,778.60. This represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

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

• 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 transaction 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 transaction of $1,005,975.00.
• On Wednesday, June 25th, Azzurro Capital Inc sold 11,000 shares of Travelzoo stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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.
• On Thursday, May 15th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The stock was sold at an average price of $13.91, for a total transaction of $27,820.00.

Travelzoo Stock Down 5.2%

NASDAQ:TZOO traded down $0.52 during mid-day trading on Friday, reaching $9.47. 211,823 shares of the company were exchanged, compared to its average volume of 164,066. Travelzoo has a 12 month low of $9.16 and a 12 month high of $24.85. The company has a fifty day moving average of $12.71 and a 200 day moving average of $14.65. The stock has a market cap 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 data on Wednesday, July 23rd. The information services provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $23.51 million. On average, equities research analysts anticipate that Travelzoo will post 1.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Travelzoo

Hedge funds have recently added to or reduced their stakes in the stock. Ancora Advisors LLC bought a new position in shares of Travelzoo in the 4th quarter valued at about $30,000. US Bancorp DE bought a new position in shares of Travelzoo in the 1st quarter valued at about $31,000. AlphaQuest LLC boosted its stake in shares of Travelzoo by 3,188.4% in the 2nd quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider's stock valued at $36,000 after purchasing an additional 2,742 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Travelzoo during the fourth quarter worth $87,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Travelzoo by 556.4% in the fourth 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. Institutional investors own 27.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Ascendiant Capital Markets lifted their price objective on shares of Travelzoo from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Barrington Research reissued an "outperform" rating and issued a $17.00 target price on shares of Travelzoo in a research report on Thursday, July 24th. Noble Financial reiterated an "outperform" rating on shares of Travelzoo in a research note on Wednesday, April 30th. Finally, Wall Street Zen lowered shares of Travelzoo from a "buy" rating to a "hold" rating in a research report on Saturday. One 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 price target 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.