Travelzoo (NASDAQ:TZOO) Price Target Raised to $18.00

Travelzoo (NASDAQ:TZOO) had its price objective upped by Ascendiant Capital Markets from $17.00 to $18.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a buy rating on the information services provider’s stock.

Several other research analysts also recently issued reports on the stock. StockNews.com downgraded shares of Travelzoo from a strong-buy rating to a buy rating in a research note on Monday, July 29th. Barrington Research reaffirmed an outperform rating and issued a $12.00 price objective on shares of Travelzoo in a research report on Friday, July 26th.

Travelzoo Stock Performance

TZOO stock opened at $12.18 on Monday. The firm has a market cap of $149.69 million, a P/E ratio of 13.38 and a beta of 1.74. The firm’s fifty day moving average is $8.94 and its 200 day moving average is $8.97. Travelzoo has a 52 week low of $4.77 and a 52 week high of $12.59.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Thursday, July 25th. The information services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. 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 170.06%. During the same period last year, the company posted $0.17 EPS. As a group, analysts forecast that Travelzoo will post 0.95 EPS for the current year.

Insider Transactions at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 5,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $7.82, for a total transaction of $39,100.00. Following the completion of the sale, the insider now owns 5,114,871 shares in the company, valued at $39,998,291.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Travelzoo news, major shareholder Azzurro Capital Inc sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $7.82, for a total value of $39,100.00. Following the completion of the transaction, the insider now directly owns 5,114,871 shares in the company, valued at $39,998,291.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Holger Bartel sold 20,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $11.91, for a total transaction of $238,200.00. Following the sale, the chief executive officer now owns 260,000 shares in the company, valued at $3,096,600. The disclosure for this sale can be found here. Insiders sold 166,966 shares of company stock worth $1,644,964 over the last three months. 57.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Travelzoo

Hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC raised its stake in Travelzoo by 9.7% during the 1st quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock valued at $5,451,000 after purchasing an additional 47,352 shares during the period. ClariVest Asset Management LLC raised its position in shares of Travelzoo by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock valued at $742,000 after buying an additional 2,732 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Travelzoo by 73.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 47,196 shares of the information services provider’s stock valued at $358,000 after buying an additional 20,019 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Travelzoo in the fourth quarter worth $445,000. Finally, Jump Financial LLC boosted its position in shares of Travelzoo by 46.4% during 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 during the last quarter. Institutional investors own 27.39% of the company’s stock.

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.