Travelzoo (NASDAQ:TZOO) Short Interest Update

Travelzoo (NASDAQ:TZOO) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 148,400 shares, an increase of 34.9% from the August 15th total of 110,000 shares. Based on an average daily trading volume, of 100,200 shares, the days-to-cover ratio is presently 1.5 days. Approximately 2.1% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barrington Research reiterated an “outperform” rating and issued a $12.00 price objective on shares of Travelzoo in a research note on Friday, July 26th. StockNews.com lowered shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Ascendiant Capital Markets lifted their target price on shares of Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, August 19th. Finally, Litchfield Hills Research started coverage on shares of Travelzoo in a report on Wednesday, September 4th. They set a “buy” rating and a $35.00 price target for the company. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $21.67.

Travelzoo Stock Performance

Travelzoo stock traded down $0.44 during trading hours on Monday, reaching $14.48. 8,181 shares of the company’s stock traded hands, compared to its average volume of 101,901. Travelzoo has a fifty-two week low of $4.77 and a fifty-two week high of $15.23. The firm has a market capitalization of $189.66 million, a price-to-earnings ratio of 16.40 and a beta of 1.74. The firm’s 50 day moving average is $10.62 and its 200-day moving average is $9.42.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings results on Thursday, July 25th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. The firm had revenue of $21.14 million for the quarter, compared to analyst estimates of $21.58 million. During the same period in the prior year, the firm posted $0.17 earnings per share. Analysts predict that Travelzoo will post 0.97 EPS for the current year.

Insider Activity at Travelzoo

In related news, CEO Holger Bartel sold 13,466 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $10.19, for a total transaction of $137,218.54. Following the completion of the transaction, the chief executive officer now directly owns 302,534 shares in the company, valued at $3,082,821.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Travelzoo news, CEO Holger Bartel sold 13,466 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $10.19, for a total value of $137,218.54. Following the transaction, the chief executive officer now owns 302,534 shares in the company, valued at approximately $3,082,821.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Azzurro Capital Inc sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $7.80, for a total transaction of $195,000.00. Following the completion of the transaction, the insider now directly owns 5,089,871 shares in the company, valued at $39,700,993.80. The disclosure for this sale can be found here. Insiders have sold a total of 144,466 shares of company stock valued at $1,470,939 over the last ninety days. 57.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TZOO. American Century Companies Inc. bought a new stake in Travelzoo in the second quarter worth approximately $82,000. Ritholtz Wealth Management purchased a new position in Travelzoo during the second quarter worth about $82,000. O Shaughnessy Asset Management LLC bought a new position in shares of Travelzoo in the first quarter valued at approximately $132,000. Fermata Advisors LLC bought a new stake in shares of Travelzoo during the 2nd quarter worth $101,000. Finally, Hillsdale Investment Management Inc. purchased a new position in Travelzoo in the fourth quarter valued at about $171,000. Institutional investors and hedge funds own 27.39% 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.