Travelzoo (NASDAQ:TZOO) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Travelzoo (NASDAQ:TZOO) announced its earnings results on Thursday. The information services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04, Zacks reports. Travelzoo had a net margin of 15.59% and a return on equity of 157.07%. The firm had revenue of $21.14 million for the quarter, compared to the consensus estimate of $21.58 million. During the same period in the prior year, the firm earned $0.17 EPS.

Travelzoo Stock Performance

Shares of NASDAQ:TZOO traded up $0.70 during trading hours on Friday, reaching $10.05. The stock had a trading volume of 186,996 shares, compared to its average volume of 71,772. Travelzoo has a 1 year low of $4.77 and a 1 year high of $11.23. The firm’s 50 day moving average is $8.00 and its 200-day moving average is $8.74. The stock has a market capitalization of $131.66 million, a price-to-earnings ratio of 11.04 and a beta of 1.74.

Analyst Upgrades and Downgrades

TZOO has been the topic of several recent research reports. Barrington Research reaffirmed an “outperform” rating and set a $12.00 target price on shares of Travelzoo in a research note on Friday. StockNews.com raised shares of Travelzoo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th.

Insider Buying and Selling at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $7.82, for a total value of $39,100.00. Following the sale, the insider now directly owns 5,114,871 shares of the company’s stock, valued at approximately $39,998,291.22. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 82,500 shares of company stock valued at $653,225. 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.