Travelzoo (NASDAQ:TZOO) Lowered to Buy Rating by StockNews.com

StockNews.com downgraded shares of Travelzoo (NASDAQ:TZOO) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.

Other analysts also recently issued research reports about the company. Barrington Research boosted their target price on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Litchfield Hills Research started coverage on shares of Travelzoo in a research note on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Ascendiant Capital Markets lifted their target price on shares of Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, August 19th.

Travelzoo Trading Up 2.9 %

Shares of TZOO traded up $0.49 during trading hours on Friday, reaching $17.59. 158,252 shares of the company’s stock traded hands, compared to its average volume of 143,930. Travelzoo has a 12 month low of $7.04 and a 12 month high of $18.22. The stock has a market cap of $216.18 million, a PE ratio of 16.44 and a beta of 1.69. The firm’s 50 day simple moving average is $13.25 and its 200-day simple moving average is $10.34.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $20.10 million during the quarter, compared to the consensus estimate of $21.15 million. Travelzoo had a net margin of 16.67% and a return on equity of 174.97%. During the same period in the previous year, the firm posted $0.16 EPS. As a group, analysts expect that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Travelzoo declared that its Board of Directors has initiated a stock repurchase program on Wednesday, October 23rd that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the information services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 3,500 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $9.32, for a total transaction of $32,620.00. Following the completion of the sale, the insider now owns 5,033,871 shares of the company’s stock, valued at $46,915,677.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Azzurro Capital Inc sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the completion of the transaction, the insider now owns 5,033,871 shares in the company, valued at $46,915,677.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Christina Sindoni Ciocca sold 12,288 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $14.35, for a total transaction of $176,332.80. Following the transaction, the general counsel now directly 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. Over the last 90 days, insiders have sold 453,288 shares of company stock worth $5,922,703. Insiders own 57.45% of the company’s stock.

Institutional Trading of Travelzoo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. raised its position in shares of Travelzoo by 169.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock worth $1,533,000 after acquiring an additional 79,990 shares in the last quarter. Acadian Asset Management LLC raised 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 in the last quarter. O Shaughnessy Asset Management LLC bought a new position in Travelzoo in the first quarter worth $132,000. Ritholtz Wealth Management lifted its position in Travelzoo by 217.4% during the third quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock valued at $415,000 after buying an additional 23,599 shares during the period. Finally, American Century Companies Inc. bought a new stake in shares of Travelzoo during the 2nd quarter valued at $82,000. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

Travelzoo Company Profile

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.