Travelzoo (NASDAQ:TZOO) Raised 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 note published on Thursday.

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 note on Wednesday, April 24th.

Travelzoo Stock Up 0.7 %

Travelzoo stock opened at $7.59 on Thursday. The company has a fifty day simple moving average of $8.18 and a 200-day simple moving average of $8.94. The firm has a market capitalization of $99.43 million, a price-to-earnings ratio of 8.34 and a beta of 1.68. Travelzoo has a 52-week low of $4.77 and a 52-week high of $11.23.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Wednesday, April 24th. The information services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The company had revenue of $21.99 million during the quarter, compared to the consensus estimate of $23.72 million. Travelzoo had a net margin of 15.24% and a return on equity of 140.63%. On average, research analysts anticipate that Travelzoo will post 0.92 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Azzurro Capital Inc sold 17,500 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $7.71, for a total value of $134,925.00. Following the completion of the transaction, the insider now directly owns 5,142,371 shares in the company, valued at $39,647,680.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 82,500 shares of company stock valued at $653,225. 57.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Travelzoo

A number of institutional investors have recently made changes to their positions in TZOO. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Travelzoo in the 3rd quarter valued at about $82,000. Trexquant Investment LP lifted its holdings in Travelzoo by 184.1% during the 3rd quarter. Trexquant Investment LP now owns 61,808 shares of the information services provider’s stock worth $360,000 after buying an additional 40,051 shares in the last quarter. Denali Advisors LLC lifted its holdings in Travelzoo by 5.1% during the 4th quarter. Denali Advisors LLC now owns 39,200 shares of the information services provider’s stock worth $374,000 after buying an additional 1,900 shares in the last quarter. Janiczek Wealth Management LLC purchased a new position in Travelzoo in the 4th quarter valued at approximately $275,000. Finally, Jump Financial LLC grew its stake 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 worth $294,000 after acquiring an additional 9,800 shares in the last quarter. 27.39% of the stock is currently owned by institutional investors and hedge funds.

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.