Travelzoo (NASDAQ:TZOO) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Travelzoo (NASDAQ:TZOO) from a buy rating to a strong-buy rating in a report published on Wednesday.

A number of other brokerages have also recently issued reports on TZOO. Ascendiant Capital Markets lifted their price objective on Travelzoo from $17.00 to $18.00 and gave the company a buy rating in a research note on Monday, August 19th. Barrington Research reiterated an outperform rating and set a $12.00 price objective on shares of Travelzoo in a research note on Friday, July 26th. Finally, Litchfield Hills Research initiated coverage on Travelzoo in a research note on Wednesday. They set a buy rating and a $35.00 price objective for the company. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Travelzoo has a consensus rating of Buy and a consensus price target of $21.67.

Travelzoo Stock Up 3.6 %

NASDAQ TZOO opened at $11.50 on Wednesday. Travelzoo has a twelve month low of $4.77 and a twelve month high of $12.59. The firm has a market capitalization of $141.34 million, a PE ratio of 12.64 and a beta of 1.74. The stock’s 50 day moving average is $9.97 and its 200 day moving average is $9.25.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings results on Thursday, July 25th. The information services provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $21.14 million for the quarter, compared to analyst estimates of $21.58 million. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. During the same period in the previous year, the company posted $0.17 earnings per share. On average, research analysts anticipate that Travelzoo will post 0.95 earnings per share for the current year.

Insider Transactions at Travelzoo

In other news, CEO Holger Bartel sold 30,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $12.26, for a total value of $367,800.00. Following the completion of the transaction, the chief executive officer now owns 230,000 shares in the company, valued at $2,819,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Azzurro Capital Inc sold 3,500 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the transaction, the insider now owns 5,033,871 shares in the company, valued at $46,915,677.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Holger Bartel sold 30,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $12.26, for a total value of $367,800.00. Following the sale, the chief executive officer now owns 230,000 shares of the company’s stock, valued at approximately $2,819,800. The disclosure for this sale can be found here. Insiders sold 149,466 shares of company stock worth $1,510,039 over the last quarter. 57.45% of the stock is currently owned by insiders.

Institutional Trading of Travelzoo

Hedge funds have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. purchased a new stake in Travelzoo during the first quarter valued at $277,000. Quadrature Capital Ltd purchased a new stake in Travelzoo during the fourth quarter valued at $445,000. Jump Financial LLC increased its position in Travelzoo by 46.4% during the fourth quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock valued at $294,000 after acquiring an additional 9,800 shares during the last quarter. Acadian Asset Management LLC increased its position in Travelzoo by 9.7% during the first quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock valued at $5,451,000 after acquiring an additional 47,352 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Travelzoo during the first quarter valued at $132,000. Hedge funds and other 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.