Travelzoo (NASDAQ:TZOO) Upgraded by Zacks Research to Hold Rating

Key Points

• Travelzoo has been upgraded from a "strong sell" to a "hold" rating by Zacks Research, indicating a shift in analyst sentiment towards the stock.
• The average target price for Travelzoo stock is currently $21.50, with some analysts providing varying ratings, including "buy" and "outperform."
• Travelzoo reported earnings of $0.12 per share in its last quarterly results, missing analyst expectations, but recorded revenue of $23.91 million.

Travelzoo (NASDAQ:TZOO - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

A number of other brokerages have also issued reports on TZOO. Ascendiant Capital Markets upped their price target on shares of Travelzoo from $25.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Wall Street Zen lowered shares of Travelzoo from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Barrington Research reiterated an "outperform" rating and issued a $17.00 price objective on shares of Travelzoo in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Travelzoo presently has an average rating of "Moderate Buy" and a consensus target price of $21.50.

Travelzoo Trading Up 0.4%

Shares of Travelzoo stock opened at $10.37 on Monday. Travelzoo has a 12-month low of $9.20 and a 12-month high of $24.85. The firm has a market capitalization of $113.86 million, a price-to-earnings ratio of 11.65 and a beta of 1.01. The firm's 50 day simple moving average is $10.28 and its two-hundred day simple moving average is $12.23.

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

Insider Transactions at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 76,500 shares of the stock in a transaction on 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 transaction, the insider directly owned 4,062,696 shares of the company's stock, valued at $53,424,452.40. This trade represents a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 226,500 shares of company stock worth $2,489,554 over the last quarter. Company insiders own 43.20% of the company's stock.

Hedge Funds Weigh In On Travelzoo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TZOO. Millennium Management LLC lifted its holdings in Travelzoo by 299.8% during the first 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 Travelzoo during the first quarter valued at $1,796,000. Geode Capital Management LLC lifted its holdings in Travelzoo by 113.8% during the second quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider's stock valued at $2,002,000 after purchasing an additional 83,719 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Travelzoo during the second quarter valued at $702,000. Finally, Marshall Wace LLP purchased a new position in Travelzoo during the second quarter valued at $504,000. 27.39% of the stock is owned by hedge funds and other institutional investors.

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.

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