Stock Repurchase Plan Initiated by Travelzoo (NASDAQ:TZOO) Board of Directors

Travelzoo (NASDAQ:TZOO) declared that its board has authorized a stock buyback program on Wednesday, October 23rd, RTT News reports. The company plans to repurchase 1,000,000 shares. This repurchase authorization allows the information services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Ascendiant Capital Markets lifted their price objective on Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Barrington Research lifted their price objective on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday. Litchfield Hills Research began coverage on Travelzoo in a research report on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, StockNews.com downgraded Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

Travelzoo Price Performance

Shares of TZOO opened at $15.03 on Friday. The stock has a 50-day moving average of $12.67 and a 200-day moving average of $10.03. The company has a market cap of $184.72 million, a PE ratio of 15.49 and a beta of 1.74. Travelzoo has a one year low of $6.57 and a one year high of $15.71.

Travelzoo (NASDAQ:TZOO) last issued its earnings results on Thursday, July 25th. The information services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $21.14 million during the quarter, compared to the consensus estimate of $21.58 million. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. During the same period last year, the business posted $0.17 EPS. Analysts expect that Travelzoo will post 0.97 EPS for the current fiscal year.

Insider Buying and Selling at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 10,000 shares of Travelzoo stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $12.54, for a total transaction of $125,400.00. Following the completion of the transaction, the insider now owns 4,875,196 shares in the company, valued at approximately $61,134,957.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Travelzoo news, major shareholder Azzurro Capital Inc sold 10,000 shares of Travelzoo stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $12.54, for a total transaction of $125,400.00. Following the completion of the transaction, the insider now owns 4,875,196 shares in the company, valued at approximately $61,134,957.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Holger Bartel sold 100,000 shares of Travelzoo stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $11.44, for a total value of $1,144,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 379,254 shares of company stock worth $4,459,596. Insiders own 57.45% of the company’s stock.

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.