Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $103,500.00 in 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 business's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $10.35, for a total value of $103,500.00. Following the sale, the insider directly owned 4,045,196 shares in the company, valued at $41,867,778.60. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases 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 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 stock was sold at an average price of $12.81, for a total value 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 value 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 value 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 value 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 value 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 value of $248,085.00.
• On Wednesday, May 28th, Azzurro Capital Inc sold 2,000 shares of Travelzoo stock. The shares were sold at an average price of $13.54, for a total value 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 value of $27,820.00.

Travelzoo Stock Down 3.6%

Shares of NASDAQ:TZOO traded down $0.36 during midday trading on Friday, reaching $9.63. The company had a trading volume of 95,755 shares, compared to its average volume of 138,958. The business's 50 day moving average price is $12.77 and its 200 day moving average price is $14.76. The stock has a market cap of $106.83 million, a PE ratio of 10.81 and a beta of 1.13. Travelzoo has a 1-year low of $9.16 and a 1-year high of $24.85.

Travelzoo (NASDAQ:TZOO - Get Free Report) last released its 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 company had revenue of $23.91 million during the quarter, compared to analyst estimates of $23.51 million. Travelzoo had a net margin of 12.32% and a return on equity of 566.64%. On average, research analysts expect that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Travelzoo

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ancora Advisors LLC acquired a new position in shares of Travelzoo in the fourth quarter valued at approximately $30,000. Bank of New York Mellon Corp lifted its stake in Travelzoo by 2.6% during the first quarter. Bank of New York Mellon Corp now owns 67,045 shares of the information services provider's stock worth $914,000 after purchasing an additional 1,668 shares during the last quarter. US Bancorp DE bought a new stake in Travelzoo during the first quarter worth $31,000. American Century Companies Inc. lifted its stake in Travelzoo by 17.0% during the first quarter. American Century Companies Inc. now owns 16,548 shares of the information services provider's stock worth $226,000 after purchasing an additional 2,404 shares during the last quarter. Finally, AlphaQuest LLC lifted 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 acquiring an additional 2,742 shares during the last quarter. Institutional investors and hedge funds own 27.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TZOO shares. Ascendiant Capital Markets increased their price target on Travelzoo from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Noble Financial restated an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Finally, Barrington Research restated an "outperform" rating and issued a $17.00 price target on shares of Travelzoo in a report on Thursday, July 24th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $25.67.

Travelzoo Company Profile

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.