Short Interest in Travelzoo (NASDAQ:TZOO) Increases By 39.3%

Travelzoo (NASDAQ:TZOO) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 314,500 shares, a growth of 39.3% from the February 13th total of 225,800 shares. Approximately 4.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 149,700 shares, the short-interest ratio is presently 2.1 days.

Insider Transactions at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 40,000 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $15.26, for a total transaction of $610,400.00. Following the transaction, the insider now owns 4,382,696 shares of the company’s stock, valued at $66,879,940.96. This represents a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Holger Bartel sold 23,057 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $19.73, for a total transaction of $454,914.61. Following the transaction, the chief executive officer now directly owns 4,000 shares in the company, valued at $78,920. This trade represents a 85.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,057 shares of company stock worth $1,518,995. Corporate insiders own 57.45% of the company’s stock.

Institutional Investors Weigh In On Travelzoo

Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its holdings in Travelzoo by 17.9% in the 4th quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider’s stock worth $14,168,000 after buying an additional 107,681 shares during the period. Truffle Hound Capital LLC bought a new position in Travelzoo in the 4th quarter worth approximately $3,990,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Travelzoo by 14.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 145,837 shares of the information services provider’s stock worth $2,909,000 after buying an additional 18,651 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in Travelzoo by 66.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 113,337 shares of the information services provider’s stock worth $2,261,000 after buying an additional 45,283 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in Travelzoo in the 4th quarter worth approximately $2,102,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research cut their price objective on shares of Travelzoo from $25.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th.

Travelzoo Stock Performance

NASDAQ:TZOO opened at $14.48 on Monday. The firm has a market cap of $170.92 million, a price-to-earnings ratio of 13.53 and a beta of 1.69. Travelzoo has a 52 week low of $7.12 and a 52 week high of $24.85. The firm has a 50-day moving average price of $18.87 and a two-hundred day moving average price of $17.23.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Wednesday, February 26th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The company had revenue of $20.68 million during the quarter, compared to analyst estimates of $22.06 million. During the same quarter last year, the business posted $0.23 EPS. As a group, sell-side analysts forecast that Travelzoo will post 1.09 earnings per share for the current year.

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.