Travelzoo's (TZOO) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Travelzoo's stock rating has been reaffirmed as a "hold (c)" by Weiss Ratings, with three analysts currently rating it as a Buy and two assigning a Hold rating.
• The company's stock was trading at $10.41, well below its fifty-two week high of $24.85, and has a consensus target price of $21.50.
• Insider trading activity has seen major shareholder Azzurro Capital Inc sell 32,500 shares, decreasing their position by 0.82% while insiders collectively own 43.20% of the company's stock.

Travelzoo (NASDAQ:TZOO - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

TZOO has been the subject of a number of other research reports. Ascendiant Capital Markets boosted their target price on shares of Travelzoo from $25.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Zacks Research raised shares of Travelzoo from a "strong sell" rating to a "hold" rating in a research report on Monday, September 22nd. Barrington Research reissued an "outperform" rating and set a $17.00 target price on shares of Travelzoo in a research report on Thursday, July 24th. Finally, Wall Street Zen lowered shares of Travelzoo from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.50.

Travelzoo Price Performance

Shares of TZOO stock traded up $0.19 on Tuesday, hitting $10.41. The company's stock had a trading volume of 37,567 shares, compared to its average volume of 130,396. Travelzoo has a fifty-two week low of $9.20 and a fifty-two week high of $24.85. The firm's fifty day moving average price is $9.87 and its 200-day moving average price is $11.81. The stock has a market capitalization of $114.30 million, a price-to-earnings ratio of 11.70 and a beta of 0.93.

Travelzoo (NASDAQ:TZOO - Get Free Report) last released its quarterly earnings data 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 net margin of 12.32% and a return on equity of 1,186.62%. The business had revenue of $23.91 million during the quarter, compared to analyst estimates of $23.51 million. Analysts predict that Travelzoo will post 1.09 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Azzurro Capital Inc sold 32,500 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $9.55, for a total transaction of $310,375.00. Following the transaction, the insider owned 3,935,196 shares in the company, valued at approximately $37,581,121.80. The trade was a 0.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 202,500 shares of company stock worth $2,023,879. Insiders own 43.20% of the company's stock.

Hedge Funds Weigh In On Travelzoo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC raised its holdings in Travelzoo by 299.8% in the first quarter. Millennium Management LLC now owns 309,097 shares of the information services provider's stock worth $4,213,000 after purchasing an additional 231,790 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Travelzoo in the first quarter worth $1,796,000. Geode Capital Management LLC raised its holdings in Travelzoo by 113.8% in the second quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider's stock worth $2,002,000 after purchasing an additional 83,719 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Travelzoo in the second quarter worth $702,000. Finally, Marshall Wace LLP acquired a new stake in Travelzoo in the second quarter worth $504,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.

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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