Travelzoo (NASDAQ:TZOO) Posts Quarterly Earnings Results, Meets Expectations

Travelzoo (NASDAQ:TZOO) issued its quarterly earnings results on Wednesday. The information services provider reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26, RTT News reports. The business had revenue of $20.68 million for the quarter, compared to the consensus estimate of $22.06 million. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. During the same quarter in the prior year, the business posted $0.23 earnings per share.

Travelzoo Stock Performance

Shares of TZOO opened at $15.74 on Friday. Travelzoo has a 52 week low of $7.12 and a 52 week high of $24.85. The stock has a market capitalization of $185.79 million, a price-to-earnings ratio of 14.71 and a beta of 1.70. The stock has a fifty day moving average of $20.08 and a 200-day moving average of $16.93.

Insider Buying and Selling

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $19.60, for a total transaction of $392,000.00. Following the sale, the insider now directly owns 4,442,696 shares of the company’s stock, valued at $87,076,841.60. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Holger Bartel sold 23,057 shares of Travelzoo stock in a transaction on Friday, December 20th. The stock was sold at an average price of $19.73, for a total transaction of $454,914.61. Following the transaction, the chief executive officer now owns 4,000 shares in the company, valued at approximately $78,920. This trade represents a 85.22 % decrease in their position. The disclosure for this sale can be found here. 47.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on TZOO shares. Ascendiant Capital Markets increased their target price on Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Barrington Research cut their price objective on shares of Travelzoo from $25.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, StockNews.com lowered shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st.

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.