Short Interest in Travelzoo (NASDAQ:TZOO) Rises By 38.4%

Travelzoo (NASDAQ:TZOO) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 205,400 shares, an increase of 38.4% from the August 31st total of 148,400 shares. Currently, 2.9% of the company’s shares are short sold. Based on an average daily volume of 114,200 shares, the short-interest ratio is presently 1.8 days.

Travelzoo Stock Up 1.6 %

NASDAQ:TZOO opened at $12.56 on Friday. The firm’s fifty day simple moving average is $11.74 and its 200 day simple moving average is $9.73. The stock has a market cap of $154.36 million, a P/E ratio of 13.80 and a beta of 1.74. Travelzoo has a twelve month low of $4.77 and a twelve month high of $15.23.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings results on Thursday, July 25th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. The company had revenue of $21.14 million for the quarter, compared to analysts’ expectations of $21.58 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. On average, analysts expect that Travelzoo will post 0.97 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barrington Research restated an “outperform” rating and issued a $12.00 target price on shares of Travelzoo in a report on Friday, July 26th. StockNews.com upgraded shares of Travelzoo from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Ascendiant Capital Markets increased their target price on shares of Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Finally, Litchfield Hills Research started coverage on Travelzoo in a report on Wednesday, September 4th. They set a “buy” rating and a $35.00 price target on the stock.

Insider Activity at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 15,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $14.72, for a total value of $220,800.00. Following the completion of the sale, the insider now directly owns 4,960,196 shares of the company’s stock, valued at $73,014,085.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Azzurro Capital Inc sold 15,000 shares of Travelzoo stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $14.72, for a total value of $220,800.00. Following the transaction, the insider now owns 4,960,196 shares in the company, valued at $73,014,085.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Holger Bartel sold 13,466 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $10.19, for a total value of $137,218.54. Following the completion of the sale, the chief executive officer now directly owns 302,534 shares of the company’s stock, valued at approximately $3,082,821.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,254 shares of company stock valued at $3,315,596. Insiders own 57.45% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in shares of Travelzoo during the 4th quarter valued at $445,000. Hennion & Walsh Asset Management Inc. bought a new stake in Travelzoo during the first quarter worth about $277,000. Acadian Asset Management LLC grew its holdings in Travelzoo by 9.7% in the first quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock worth $5,451,000 after purchasing an additional 47,352 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of Travelzoo during the first quarter valued at approximately $132,000. Finally, Fermata Advisors LLC purchased a new position in shares of Travelzoo during the second quarter valued at approximately $101,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

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.