Travelzoo (NASDAQ:TZOO) Short Interest Up 31.6% in July

Key Points

• Travelzoo's short interest increased by 31.6% in July, reaching a total of 387,700 shares sold short as of July 31st.
• Major shareholder Azzurro Capital Inc sold 3,700 shares of Travelzoo stock, decreasing their position by 0.09% and leaving them with approximately 3.97 million shares valued at about $41.7 million.
• Analyst ratings for Travelzoo vary, with Barrington Research maintaining an "outperform" rating and a $17.00 price target, while Wall Street Zen downgraded the stock from "buy" to "hold".

Travelzoo (NASDAQ:TZOO - Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 387,700 shares, agrowthof31.6% from the July 15th total of 294,500 shares. Currently,5.3% of the company's stock are sold short. Based on an average trading volume of 127,400 shares, the days-to-cover ratio is currently 3.0 days. Based on an average trading volume of 127,400 shares, the days-to-cover ratio is currently 3.0 days. Currently,5.3% of the company's stock are sold short.

Insiders Place Their Bets

In related news, major shareholder Azzurro Capital Inc sold 3,700 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $10.51, for a total value of $38,887.00. Following the completion of the sale, the insider directly owned 3,967,696 shares in the company, valued at approximately $41,700,484.96. This represents a 0.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 195,500 shares of company stock worth $2,442,079. 43.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Travelzoo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Koss Olinger Consulting LLC bought a new stake in shares of Travelzoo in the 1st quarter worth about $448,000. JPMorgan Chase & Co. increased its position in shares of Travelzoo by 352.5% in the 4th quarter. JPMorgan Chase & Co. now owns 57,224 shares of the information services provider's stock worth $1,142,000 after purchasing an additional 44,578 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Travelzoo in the 4th quarter worth about $710,000. Northern Trust Corp increased its position in shares of Travelzoo by 12.1% in the 4th quarter. Northern Trust Corp now owns 27,678 shares of the information services provider's stock worth $552,000 after purchasing an additional 2,995 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Travelzoo by 528.4% in the 4th quarter. Millennium Management LLC now owns 77,307 shares of the information services provider's stock worth $1,542,000 after purchasing an additional 65,004 shares during the last quarter. Hedge funds and other institutional investors own 27.39% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barrington Research reiterated an "outperform" rating and issued a $17.00 price target on shares of Travelzoo in a report on Thursday, July 24th. Ascendiant Capital Markets increased their price target on Travelzoo from $24.00 to $25.00 and gave the company a "buy" rating in a report on Friday, May 30th. Wall Street Zen downgraded Travelzoo from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Noble Financial reiterated an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Four equities research 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 target price of $25.67.

Travelzoo Price Performance

Travelzoo stock opened at $9.99 on Wednesday. Travelzoo has a 12-month low of $9.41 and a 12-month high of $24.85. The company has a market capitalization of $109.69 million, a price-to-earnings ratio of 11.22 and a beta of 1.11. The firm's fifty day moving average price is $11.89 and its 200 day moving average price is $13.79.

Travelzoo (NASDAQ:TZOO - Get Free Report) last released its quarterly earnings results 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 1,186.62% and a net margin of 12.32%.The firm had revenue of $23.91 million for the quarter, compared to analysts' expectations of $23.51 million. Analysts forecast that Travelzoo will post 1.09 earnings per share for the current fiscal year.

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.

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