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

Travelzoo (NASDAQ:TZOO) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $12.00 price target on shares of Travelzoo in a research note on Friday.

Travelzoo Stock Performance

NASDAQ:TZOO traded down $0.04 during trading hours on Monday, hitting $10.01. The stock had a trading volume of 134,584 shares, compared to its average volume of 95,722. The business’s 50 day moving average is $8.04 and its 200-day moving average is $8.75. The company has a market cap of $131.13 million, a price-to-earnings ratio of 11.00 and a beta of 1.74. Travelzoo has a one year low of $4.77 and a one year high of $11.23.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Thursday, July 25th. The information services provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Travelzoo had a net margin of 15.59% and a return on equity of 157.07%. The business had revenue of $21.14 million during the quarter, compared to analysts’ expectations of $21.58 million. During the same quarter in the prior year, the company earned $0.17 EPS. On average, sell-side analysts anticipate that Travelzoo will post 0.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 15,000 shares of Travelzoo stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $7.60, for a total value of $114,000.00. Following the sale, the insider now directly owns 5,059,871 shares in the company, valued at approximately $38,455,019.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 82,500 shares of company stock valued at $653,225 in the last quarter. 57.45% of the stock is currently owned by insiders.

Institutional Trading of Travelzoo

A number of hedge funds and other institutional investors have recently modified their holdings of TZOO. Hennion & Walsh Asset Management Inc. bought a new position in Travelzoo in the first quarter valued at approximately $277,000. Quadrature Capital Ltd bought a new stake in Travelzoo during the fourth quarter worth $445,000. Jump Financial LLC lifted its stake in Travelzoo by 46.4% in the fourth quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock valued at $294,000 after acquiring an additional 9,800 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Travelzoo by 9.7% in the 1st quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock valued at $5,451,000 after acquiring an additional 47,352 shares during the period. Finally, Janiczek Wealth Management LLC acquired a new position in shares of Travelzoo during the 4th quarter worth about $275,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

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.