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) saw a large growth in short interest in the month of 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 shares of the stock are sold short. Based on an average trading volume of 127,400 shares, the short-interest ratio is presently 3.0 days. Based on an average trading volume of 127,400 shares, the short-interest ratio is presently 3.0 days. Currently,5.3% of the shares of the stock are sold short.

Insider Activity at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 76,500 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $13.15, for a total transaction of $1,005,975.00. Following the completion of the transaction, the insider directly owned 4,062,696 shares of the company's stock, valued at approximately $53,424,452.40. This trade represents a 1.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 250,500 shares of company stock worth $2,978,354. 43.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC acquired a new position in Travelzoo during the fourth quarter valued at approximately $30,000. Bank of New York Mellon Corp grew its holdings 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 valued at $914,000 after purchasing an additional 1,668 shares during the period. Bank of America Corp DE grew its holdings in Travelzoo by 1,242.5% during the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider's stock valued at $27,000 after purchasing an additional 1,988 shares during the period. AdvisorShares Investments LLC grew its holdings in Travelzoo by 29.5% during the second quarter. AdvisorShares Investments LLC now owns 9,068 shares of the information services provider's stock valued at $115,000 after purchasing an additional 2,068 shares during the period. Finally, US Bancorp DE acquired a new position in Travelzoo during the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 27.39% of the company's stock.

Travelzoo Trading Down 4.2%

Shares of NASDAQ:TZOO traded down $0.42 during trading on Monday, hitting $9.69. 135,728 shares of the company's stock were exchanged, compared to its average volume of 146,342. Travelzoo has a 1-year low of $9.37 and a 1-year high of $24.85. The firm has a 50-day moving average price of $11.64 and a two-hundred day moving average price of $13.41. The firm has a market cap of $106.40 million, a P/E ratio of 10.89 and a beta of 1.11.

Travelzoo (NASDAQ:TZOO - Get Free Report) last issued 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 return on equity of 1,186.62% and a net margin of 12.32%.The business had revenue of $23.91 million for the quarter, compared to analyst estimates of $23.51 million. As a group, research analysts predict that Travelzoo will post 1.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TZOO. Wall Street Zen downgraded shares of Travelzoo from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Noble Financial reissued an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Barrington Research reissued an "outperform" rating and set a $17.00 price target on shares of Travelzoo in a report on Thursday, July 24th. Finally, Ascendiant Capital Markets lifted their price target on shares of Travelzoo from $24.00 to $25.00 and gave the company a "buy" rating in a report on Friday, May 30th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, 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.