Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $487,125.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 37,500 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $12.99, for a total value of $487,125.00. Following the completion of the transaction, the insider now owns 4,922,696 shares of the company’s stock, valued at approximately $63,945,821.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• On Thursday, September 26th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $12.54, for a total transaction of $125,400.00.
• On Wednesday, September 18th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $14.72, for a total transaction of $220,800.00.
• On Thursday, August 8th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The stock was sold at an average price of $10.50, for a total transaction of $157,500.00.
• On Tuesday, August 6th, Azzurro Capital Inc sold 3,500 shares of Travelzoo stock. The shares were sold at an average price of $9.32, for a total transaction of $32,620.00.
• On Tuesday, July 30th, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The stock was sold at an average price of $10.16, for a total value of $228,600.00.

Travelzoo Stock Performance

Shares of Travelzoo stock opened at $12.56 on Friday. The company’s 50 day moving average price is $11.74 and its 200-day moving average price is $9.73. Travelzoo has a 52-week low of $4.77 and a 52-week high of $15.23. The stock has a market capitalization of $154.36 million, a price-to-earnings ratio of 13.80 and a beta of 1.74.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Thursday, July 25th. The information services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $21.14 million during the quarter, compared to the consensus estimate of $21.58 million. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. During the same period in the prior year, the firm posted $0.17 earnings per share. As a group, equities research analysts forecast that Travelzoo will post 0.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Travelzoo

Several institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. purchased a new position in shares of Travelzoo during the second quarter valued at approximately $82,000. Ritholtz Wealth Management purchased a new stake in shares of Travelzoo in the 2nd quarter worth about $82,000. Fermata Advisors LLC bought a new position in Travelzoo in the second quarter worth about $101,000. O Shaughnessy Asset Management LLC purchased a new stake in Travelzoo in the first quarter worth about $132,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Travelzoo during the 1st quarter valued at approximately $277,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Ascendiant Capital Markets upped their target price on Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, August 19th. Barrington Research reaffirmed an “outperform” rating and issued a $12.00 target price on shares of Travelzoo in a research note on Friday, July 26th. StockNews.com raised shares of Travelzoo from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Litchfield Hills Research began coverage on Travelzoo in a research note on Wednesday, September 4th. They set a “buy” rating and a $35.00 price objective on the 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.