Travelzoo (NASDAQ:TZOO) Issues Earnings Results

Travelzoo (NASDAQ:TZOO) announced its quarterly earnings results on Thursday. The information services provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04, Zacks reports. The firm had revenue of $21.14 million during the quarter, compared to analysts’ expectations of $21.58 million. Travelzoo had a net margin of 15.59% and a return on equity of 157.07%. During the same quarter last year, the company posted $0.17 earnings per share.

Travelzoo Trading Up 7.5 %

TZOO stock traded up $0.70 during mid-day trading on Friday, hitting $10.05. The stock had a trading volume of 186,996 shares, compared to its average volume of 71,772. The firm has a fifty day simple moving average of $8.00 and a 200 day simple moving average of $8.74. The firm has a market capitalization of $131.66 million, a P/E ratio of 11.04 and a beta of 1.74. Travelzoo has a 52 week low of $4.77 and a 52 week high of $11.23.

Insider Buying and Selling at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 20,000 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $8.51, for a total value of $170,200.00. Following the sale, the insider now directly owns 5,179,871 shares of the company’s stock, valued at approximately $44,080,702.21. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 82,500 shares of company stock worth $653,225. 57.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TZOO has been the subject of a number of recent analyst reports. Barrington Research reiterated an “outperform” rating and issued a $12.00 price target on shares of Travelzoo in a research note on Friday. StockNews.com upgraded shares of Travelzoo from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th.

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.