Travelzoo (NASDAQ:TZOO) Downgraded by StockNews.com to “Buy”

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

Several other brokerages have also weighed in on TZOO. Litchfield Hills Research started coverage on Travelzoo in a report on Wednesday, September 4th. They set a “buy” rating and a $35.00 price objective on the stock. Ascendiant Capital Markets boosted their price target on Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Finally, Barrington Research boosted their price target on Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd.

Travelzoo Trading Down 0.4 %

Shares of NASDAQ TZOO opened at $17.52 on Friday. Travelzoo has a one year low of $7.12 and a one year high of $18.22. The firm has a market capitalization of $215.32 million, a PE ratio of 16.37 and a beta of 1.69. The business has a 50-day moving average price of $13.25 and a two-hundred day moving average price of $10.36.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. Travelzoo had a return on equity of 174.97% and a net margin of 16.67%. The company had revenue of $20.10 million during the quarter, compared to the consensus estimate of $21.15 million. During the same period last year, the business earned $0.16 EPS. Research analysts anticipate that Travelzoo will post 1.09 EPS for the current year.

Travelzoo announced that its board has authorized a share repurchase program on Wednesday, October 23rd that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the information services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, major shareholder Azzurro Capital Inc sold 10,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $12.54, for a total value of $125,400.00. Following the sale, the insider now owns 4,875,196 shares of the company’s stock, valued at $61,134,957.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, major shareholder Azzurro Capital Inc sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $12.54, for a total transaction of $125,400.00. Following the transaction, the insider now owns 4,875,196 shares in the company, valued at approximately $61,134,957.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Christina Sindoni Ciocca sold 12,288 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $14.35, for a total transaction of $176,332.80. Following the transaction, the general counsel now owns 44,623 shares in the company, valued at $640,340.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 449,788 shares of company stock valued at $5,890,083 over the last 90 days. 57.45% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TZOO. Hennion & Walsh Asset Management Inc. boosted its holdings in Travelzoo by 169.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock worth $1,533,000 after buying an additional 79,990 shares during the period. Acadian Asset Management LLC boosted its holdings in Travelzoo by 9.7% in the 1st quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock worth $5,451,000 after buying an additional 47,352 shares during the period. Ritholtz Wealth Management boosted its holdings in Travelzoo by 217.4% in the 3rd quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock worth $415,000 after buying an additional 23,599 shares during the period. Fermata Advisors LLC bought a new position in Travelzoo in the 2nd quarter worth approximately $101,000. Finally, O Shaughnessy Asset Management LLC bought a new position in Travelzoo in the 1st quarter worth approximately $132,000. 27.39% of the stock is owned by institutional investors.

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.