Travelzoo (NASDAQ:TZOO) Receives $19.67 Consensus Price Target from Brokerages

Travelzoo (NASDAQ:TZOO) has earned a consensus rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $19.6667.

Several analysts have recently weighed in on the stock. Zacks Research lowered shares of Travelzoo from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Ascendiant Capital Markets decreased their price objective on Travelzoo from $26.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. UBS Group set a $23.00 target price on Travelzoo in a research report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a research report on Friday. Finally, Barrington Research lowered their price objective on shares of Travelzoo from $17.00 to $13.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th.

Travelzoo Trading Down 2.0%

Shares of TZOO opened at $6.38 on Friday. The firm’s fifty day simple moving average is $7.08 and its two-hundred day simple moving average is $9.27. Travelzoo has a 12 month low of $6.34 and a 12 month high of $24.85. The stock has a market capitalization of $69.73 million, a P/E ratio of 9.97 and a beta of 0.86.

Travelzoo (NASDAQ:TZOO) last announced its earnings results on Tuesday, October 28th. The information services provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.13). The business had revenue of $22.20 million for the quarter, compared to the consensus estimate of $22.92 million. Travelzoo had a net margin of 8.66% and a negative return on equity of 446.70%. As a group, research analysts predict that Travelzoo will post 1.09 EPS for the current fiscal year.

Insider Transactions at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 40,000 shares of the stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $6.97, for a total value of $278,800.00. Following the completion of the sale, the insider directly owned 3,662,696 shares of the company’s stock, valued at $25,528,991.12. This represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders sold 122,500 shares of company stock worth $877,350. 43.20% of the stock is currently owned by insiders.

Institutional Trading of Travelzoo

Institutional investors have recently made changes to their positions in the company. Millennium Management LLC grew its position in Travelzoo by 299.8% in the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock worth $4,213,000 after purchasing an additional 231,790 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Travelzoo by 113.8% in the second quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock valued at $2,002,000 after acquiring an additional 83,719 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Travelzoo during the second quarter valued at approximately $702,000. Marshall Wace LLP bought a new stake in Travelzoo during the second quarter worth $504,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in Travelzoo by 17.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 226,145 shares of the information services provider’s stock worth $2,223,000 after purchasing an additional 34,031 shares during the last quarter. Institutional investors own 27.39% of the company’s stock.

Travelzoo Company Profile

Travelzoo (NASDAQ: TZOO) is a global internet media company specializing in publishing curated travel, entertainment and local deals to a subscriber base of millions. Through its website, mobile applications and weekly email newsletters, Travelzoo partners with airlines, hotels, cruise lines, tour operators and local merchants to promote time-sensitive offers at discounted rates. The company generates revenue primarily from media commissions, advertising arrangements and marketing services provided to its hotel and resort partners.

Founded in 1998, Travelzoo went public on the NASDAQ in 2003 under the ticker symbol TZOO.