Travelzoo (NASDAQ:TZOO) Short Interest Update

Travelzoo (NASDAQ:TZOO - Get Free Report) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 144,000 shares, a decrease of 50.3% from the April 30th total of 289,900 shares. Based on an average daily volume of 140,300 shares, the days-to-cover ratio is currently 1.0 days. Currently, 2.0% of the company's stock are short sold.

Travelzoo Stock Up 2.2%

TZOO traded up $0.30 on Friday, reaching $13.70. The company had a trading volume of 151,053 shares, compared to its average volume of 126,199. Travelzoo has a 1 year low of $7.12 and a 1 year high of $24.85. The stock has a market capitalization of $152.00 million, a PE ratio of 12.80 and a beta of 1.21. The stock has a 50-day moving average price of $13.18 and a 200-day moving average price of $16.90.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its earnings results on Wednesday, April 30th. The information services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The firm had revenue of $23.14 million during the quarter, compared to analysts' expectations of $22.99 million. As a group, analysts expect that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Insider Transactions at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 40,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $15.26, for a total value of $610,400.00. Following the sale, the insider now owns 4,382,696 shares of the company's stock, valued at $66,879,940.96. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Holger Bartel sold 4,000 shares of Travelzoo stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $15.42, for a total transaction of $61,680.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,000 shares of company stock valued at $1,562,530. 57.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Travelzoo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its stake in shares of Travelzoo by 63.6% during the first quarter. Jane Street Group LLC now owns 28,779 shares of the information services provider's stock worth $392,000 after purchasing an additional 11,189 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Travelzoo by 60.4% in the first quarter. Goldman Sachs Group Inc. now owns 45,528 shares of the information services provider's stock valued at $621,000 after buying an additional 17,146 shares in the last quarter. Millennium Management LLC increased its stake in Travelzoo by 299.8% in the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider's stock valued at $4,213,000 after purchasing an additional 231,790 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Travelzoo in the first quarter valued at $1,796,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Travelzoo during the 1st quarter worth approximately $120,000. Hedge funds and other institutional investors own 27.39% of the company's stock.

Wall Street Analyst Weigh In

TZOO has been the subject of several recent analyst reports. 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 report on Friday. Barrington Research reaffirmed an "outperform" rating and set a $17.00 price target on shares of Travelzoo in a report on Tuesday, April 29th. Finally, Noble Financial reaffirmed an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average 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.