Travelzoo's (TZOO) "Outperform" Rating Reiterated at Barrington Research

Travelzoo (NASDAQ:TZOO - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at Barrington Research in a research report issued on Thursday,Benzinga reports. They presently have a $17.00 price target on the information services provider's stock. Barrington Research's price objective suggests a potential upside of 45.74% from the company's current price.

Several other research analysts have also commented on TZOO. 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. Noble Financial reiterated 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.com, the company presently has a consensus rating of "Buy" and an average target price of $25.67.

Travelzoo Stock Performance

NASDAQ TZOO traded down $0.89 during mid-day trading on Thursday, reaching $11.67. 127,283 shares of the stock were exchanged, compared to its average volume of 133,094. The stock has a market capitalization of $129.48 million, a PE ratio of 11.66 and a beta of 1.13. The business's fifty day simple moving average is $13.16 and its 200 day simple moving average is $15.17. Travelzoo has a 1-year low of $7.81 and a 1-year high of $24.85.

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 434.15% and a net margin of 14.51%. The firm had revenue of $23.91 million for the quarter, compared to analysts' expectations of $23.51 million. On average, analysts anticipate that Travelzoo will post 1.09 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Azzurro Capital Inc sold 76,500 shares of the company's 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 completion of the sale, the insider directly owned 4,062,696 shares of the company's stock, valued at approximately $53,424,452.40. This represents a 1.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 152,500 shares of company stock valued at $2,017,270 over the last ninety days. Insiders own 43.20% of the company's stock.

Institutional Trading of Travelzoo

Large investors have recently modified their holdings of the company. Millennium Management LLC raised its stake in shares of 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 buying an additional 231,790 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Travelzoo during the 1st quarter worth about $1,796,000. Renaissance Technologies LLC grew its holdings in Travelzoo by 17.9% during the 4th quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider's stock worth $14,168,000 after acquiring an additional 107,681 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Travelzoo during the 4th quarter worth about $2,102,000. Finally, Raymond James Financial Inc. bought a new position in shares of Travelzoo in the 4th quarter valued at about $1,505,000. 27.39% of the stock is owned by institutional investors.

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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