Travelzoo (NASDAQ:TZOO) Short Interest Update

Travelzoo (NASDAQ:TZOO) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 185,300 shares, a growth of 23.2% from the December 31st total of 150,400 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average trading volume of 138,500 shares, the days-to-cover ratio is presently 1.3 days.

Insider Activity

In other news, major shareholder Azzurro Capital Inc sold 60,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $17.28, for a total transaction of $1,036,800.00. Following the completion of the sale, the insider now owns 4,577,696 shares in the company, valued at approximately $79,102,586.88. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Holger Bartel sold 23,057 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $19.73, for a total value of $454,914.61. Following the completion of the transaction, the chief executive officer now owns 4,000 shares in the company, valued at $78,920. This trade represents a 85.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 155,557 shares of company stock valued at $2,843,940. 57.45% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TZOO. Hennion & Walsh Asset Management Inc. grew its stake in Travelzoo by 14.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 145,837 shares of the information services provider’s stock valued at $2,909,000 after acquiring an additional 18,651 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Travelzoo by 10.6% in the third quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider’s stock valued at $991,000 after purchasing an additional 7,857 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Travelzoo by 57.7% during the 4th quarter. Ritholtz Wealth Management now owns 54,341 shares of the information services provider’s stock worth $1,084,000 after purchasing an additional 19,888 shares in the last quarter. XTX Topco Ltd raised its position in shares of Travelzoo by 103.5% during the 3rd quarter. XTX Topco Ltd now owns 25,274 shares of the information services provider’s stock worth $305,000 after purchasing an additional 12,854 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Travelzoo in the 3rd quarter valued at approximately $298,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Travelzoo Trading Up 0.4 %

Shares of NASDAQ:TZOO traded up $0.07 on Friday, reaching $19.83. 64,905 shares of the company were exchanged, compared to its average volume of 96,526. The company has a 50-day moving average of $20.09 and a 200-day moving average of $15.56. The firm has a market cap of $233.99 million, a price-to-earnings ratio of 18.53 and a beta of 1.71. Travelzoo has a 1-year low of $7.12 and a 1-year high of $22.44.

Travelzoo announced that its board has authorized a stock buyback plan on Wednesday, October 23rd that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the information services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TZOO shares. StockNews.com lowered shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st. Ascendiant Capital Markets boosted their price target on shares of Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Barrington Research raised their price objective on shares of Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd.

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.