Travelzoo (NASDAQ:TZOO) Declares Share Repurchase Plan

Travelzoo (NASDAQ:TZOO) declared that its board has approved a stock repurchase program on Wednesday, October 23rd, RTT News reports. The company plans to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the information services provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TZOO shares. Ascendiant Capital Markets upped their price target on shares of Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Litchfield Hills Research started coverage on shares of Travelzoo in a research note on Wednesday, September 4th. They set a “buy” rating and a $35.00 price target on the stock. Barrington Research upped their price target on shares of Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, StockNews.com raised shares of Travelzoo from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 25th.

Travelzoo Stock Performance

TZOO stock traded up $1.67 during mid-day trading on Wednesday, reaching $14.60. 529,526 shares of the stock traded hands, compared to its average volume of 104,940. Travelzoo has a one year low of $5.92 and a one year high of $15.71. The stock has a market capitalization of $191.23 million, a PE ratio of 16.04 and a beta of 1.74. The business has a 50-day moving average price of $12.55 and a two-hundred day moving average price of $9.97.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Thursday, July 25th. The information services provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. The business 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 business posted $0.17 earnings per share. On average, equities analysts expect that Travelzoo will post 0.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 22,500 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $10.16, for a total transaction of $228,600.00. Following the transaction, the insider now owns 5,037,371 shares in the company, valued at $51,179,689.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, major shareholder Azzurro Capital Inc sold 22,500 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $10.16, for a total value of $228,600.00. Following the transaction, the insider now directly owns 5,037,371 shares in the company, valued at approximately $51,179,689.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Christina Sindoni Ciocca sold 12,288 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $14.35, for a total transaction of $176,332.80. Following the completion of the transaction, the general counsel now owns 44,623 shares in the company, valued at approximately $640,340.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 379,254 shares of company stock worth $4,459,596 over the last quarter. Insiders own 57.45% 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.