Travelzoo (NASDAQ:TZOO) Stock Rating Lowered by Wall Street Zen

Travelzoo (NASDAQ:TZOO) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other equities research analysts also recently weighed in on the company. Barrington Research increased their price target on Travelzoo from $8.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Zacks Research cut Travelzoo from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Ascendiant Capital Markets cut their price objective on Travelzoo from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Travelzoo in a research note on Friday, August 14th. Finally, UBS Group set a $9.50 target price on Travelzoo in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Travelzoo has a consensus rating of “Hold” and an average price target of $13.83.

Travelzoo Stock Performance

Shares of NASDAQ:TZOO opened at $6.68 on Friday. Travelzoo has a 12 month low of $4.72 and a 12 month high of $12.39. The company has a market capitalization of $68.14 million, a price-to-earnings ratio of 222.67 and a beta of 1.33. The firm’s 50-day moving average is $9.54 and its 200 day moving average is $8.22.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Tuesday, July 28th. The information services provider reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.35). Travelzoo had a negative return on equity of 9.35% and a net margin of 0.51%.The firm had revenue of $23.21 million during the quarter, compared to the consensus estimate of $25.00 million. During the same period in the previous year, the business earned $0.12 EPS. As a group, equities analysts forecast that Travelzoo will post -0.14 EPS for the current fiscal year.

Institutional Trading of Travelzoo

A number of large investors have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new position in Travelzoo during the 4th quarter worth $25,000. Quarry LP bought a new position in shares of Travelzoo in the 3rd quarter worth $26,000. Bank of America Corp DE lifted its position in shares of Travelzoo by 1,242.5% during 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 buying an additional 1,988 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Travelzoo by 42,900.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,010 shares of the information services provider’s stock worth $38,000 after acquiring an additional 3,003 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Travelzoo during the 2nd quarter valued at $44,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

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.