Travelzoo (NASDAQ:TZOO) Lifted to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Travelzoo (NASDAQ:TZOO) from a buy rating to a strong-buy rating in a research report released on Friday morning.

Separately, Barrington Research cut their target price on Travelzoo from $14.00 to $12.00 and set an outperform rating for the company in a research report on Wednesday, April 24th.

Travelzoo Stock Performance

NASDAQ:TZOO opened at $8.81 on Friday. The company has a market capitalization of $116.31 million, a P/E ratio of 9.68 and a beta of 1.68. The stock’s 50 day moving average price is $9.51 and its 200 day moving average price is $9.07. Travelzoo has a 52 week low of $4.77 and a 52 week high of $11.23.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Wednesday, April 24th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $21.99 million for the quarter, compared to the consensus estimate of $23.72 million. Travelzoo had a return on equity of 140.25% and a net margin of 15.24%. As a group, sell-side analysts forecast that Travelzoo will post 0.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Azzurro Capital Inc sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $8.71, for a total value of $87,100.00. Following the transaction, the insider now directly owns 5,393,302 shares in the company, valued at approximately $46,975,660.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 148,931 shares of company stock worth $1,483,335 over the last three months. 57.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TZOO. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Travelzoo in the 3rd quarter valued at approximately $82,000. Hillsdale Investment Management Inc. acquired a new stake in Travelzoo during the fourth quarter worth approximately $171,000. Hennion & Walsh Asset Management Inc. bought a new stake in Travelzoo in the 1st quarter valued at $277,000. Janiczek Wealth Management LLC acquired a new position in shares of Travelzoo in the fourth quarter valued at about $275,000. Finally, Jump Financial LLC raised its position in shares of Travelzoo by 46.4% in the fourth quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock valued at $294,000 after buying an additional 9,800 shares in the last quarter. Institutional investors 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.