Travelzoo (NASDAQ:TZOO) Receives Consensus Rating of “Moderate Buy” from Analysts

Travelzoo (NASDAQ:TZOO) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $19.6667.

Several research analysts recently issued reports on the company. Zacks Research raised Travelzoo from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Ascendiant Capital Markets decreased their target price on Travelzoo from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a research report on Tuesday, October 14th. Barrington Research cut their price target on Travelzoo from $17.00 to $13.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Finally, UBS Group set a $23.00 price objective on Travelzoo in a report on Wednesday, November 19th.

Insider Buying and Selling at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 15,000 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $7.56, for a total transaction of $113,400.00. Following the transaction, the insider directly owned 3,745,196 shares in the company, valued at approximately $28,313,681.76. This trade represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 92,500 shares of company stock valued at $839,350. 43.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Travelzoo

A number of hedge funds have recently bought and sold shares of TZOO. Quarry LP bought a new position in shares of Travelzoo in the 3rd quarter worth $26,000. Bank of America Corp DE grew its stake in Travelzoo by 1,242.5% in the second quarter. Bank of America Corp DE now owns 2,148 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 1,988 shares during the last quarter. US Bancorp DE bought a new position in Travelzoo in the first quarter worth about $31,000. AlphaQuest LLC lifted its position in shares of Travelzoo by 3,188.4% during the second quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock valued at $36,000 after buying an additional 2,742 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Travelzoo by 42,900.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock valued at $38,000 after buying an additional 3,003 shares in the last quarter. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Travelzoo Price Performance

Shares of TZOO opened at $7.46 on Wednesday. Travelzoo has a 1-year low of $6.59 and a 1-year high of $24.85. The company has a 50-day moving average of $8.08 and a 200 day moving average of $10.11. The firm has a market capitalization of $81.54 million, a price-to-earnings ratio of 11.66 and a beta of 0.85.

Travelzoo (NASDAQ:TZOO) last issued its earnings results on Tuesday, October 28th. The information services provider reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). The company had revenue of $22.20 million during the quarter, compared to the consensus estimate of $22.92 million. Travelzoo had a negative return on equity of 446.70% and a net margin of 8.66%. On average, equities analysts anticipate that Travelzoo will post 1.09 earnings per share for the current fiscal year.

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.