Insider Buying: Travelzoo (NASDAQ:TZOO) CEO Acquires $217,200.00 in Stock

Travelzoo (NASDAQ:TZOO) CEO Holger Bartel acquired 40,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was purchased at an average cost of $5.43 per share, with a total value of $217,200.00. Following the purchase, the chief executive officer owned 200,000 shares of the company’s stock, valued at $1,086,000. The trade was a 25.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Holger Bartel also recently made the following trade(s):

• On Monday, February 23rd, Holger Bartel bought 100,000 shares of Travelzoo stock. The shares were acquired at an average cost of $5.49 per share, for a total transaction of $549,000.00.
• On Friday, February 20th, Holger Bartel purchased 60,000 shares of Travelzoo stock. The stock was acquired at an average price of $5.18 per share, for a total transaction of $310,800.00.

Travelzoo Stock Up 3.6%

TZOO opened at $6.60 on Friday. The business has a fifty day moving average of $6.15 and a 200 day moving average of $7.92. Travelzoo has a 52-week low of $4.72 and a 52-week high of $16.77. The stock has a market cap of $72.14 million, a P/E ratio of 17.37 and a beta of 0.89.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Thursday, February 19th. The information services provider reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.11). The business had revenue of $22.47 million during the quarter, compared to analysts’ expectations of $22.54 million. Travelzoo had a negative return on equity of 120.98% and a net margin of 4.98%. Equities analysts anticipate that Travelzoo will post 1.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TZOO shares. UBS Group set a $23.00 price objective on shares of Travelzoo in a research report on Wednesday, November 19th. Ascendiant Capital Markets decreased their price target on shares of Travelzoo from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a research note on Friday, January 9th. Barrington Research reduced their price objective on Travelzoo from $13.00 to $8.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Finally, Zacks Research upgraded Travelzoo from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC raised its position in shares of 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 acquiring an additional 231,790 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake 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 valued at $2,223,000 after purchasing an additional 34,031 shares during the last quarter. Geode Capital Management LLC grew its stake in 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 purchasing an additional 83,719 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Travelzoo by 170.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 145,848 shares of the information services provider’s stock worth $1,038,000 after purchasing an additional 91,932 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Travelzoo by 28.5% during the fourth quarter. AQR Capital Management LLC now owns 101,449 shares of the information services provider’s stock valued at $722,000 after buying an additional 22,490 shares during the last quarter. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

About Travelzoo

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.