Ascendiant Capital Markets Forecasts Strong Price Appreciation for Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) had its target price raised by research analysts at Ascendiant Capital Markets from $22.00 to $23.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the information services provider’s stock. Ascendiant Capital Markets’ target price points to a potential upside of 142.36% from the company’s current price.

Other analysts have also recently issued reports about the stock. Zacks Research raised shares of Travelzoo from a “strong sell” rating to a “hold” rating in a report on Thursday, April 23rd. UBS Group set a $12.00 target price on shares of Travelzoo in a report on Friday, April 24th. Weiss Ratings raised shares of Travelzoo from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Finally, Barrington Research increased their target price on shares of Travelzoo from $8.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Travelzoo currently has an average rating of “Moderate Buy” and a consensus price target of $15.67.

Travelzoo Price Performance

TZOO opened at $9.49 on Friday. The stock has a market capitalization of $97.56 million, a PE ratio of 26.36 and a beta of 1.27. The firm’s fifty day moving average price is $7.51 and its 200 day moving average price is $6.90. Travelzoo has a 12-month low of $4.72 and a 12-month high of $14.18.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings results on Thursday, April 23rd. The information services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.07. The firm had revenue of $24.27 million for the quarter, compared to analysts’ expectations of $24.62 million. Travelzoo had a net margin of 4.32% and a negative return on equity of 101.85%. On average, equities research analysts forecast that Travelzoo will post 0.71 earnings per share for the current fiscal year.

Travelzoo announced that its Board of Directors has authorized a share buyback program on Thursday, March 5th that allows the company to buyback 1,000,000 outstanding shares. This buyback authorization allows the information services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Travelzoo

In other Travelzoo news, CEO Holger Bartel bought 40,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were bought at an average cost of $5.43 per share, with a total value of $217,200.00. Following the completion of the acquisition, the chief executive officer owned 200,000 shares of the company’s stock, valued at approximately $1,086,000. This trade represents a 25.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 45.30% of the company’s stock.

Hedge Funds Weigh In On Travelzoo

Several institutional investors have recently modified their holdings of the company. Millennium Management LLC grew its position in shares of Travelzoo by 299.8% during the first 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 during the last quarter. Geode Capital Management LLC grew its position in shares of Travelzoo by 113.8% during the second quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock worth $2,002,000 after acquiring an additional 83,719 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Travelzoo by 170.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 145,848 shares of the information services provider’s stock worth $1,038,000 after acquiring an additional 91,932 shares during the last quarter. AQR Capital Management LLC grew 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 worth $722,000 after acquiring an additional 22,490 shares during the last quarter. Finally, State Street Corp grew its position in shares of Travelzoo by 4.5% during the fourth quarter. State Street Corp now owns 86,279 shares of the information services provider’s stock worth $614,000 after acquiring an additional 3,754 shares during the last quarter. Institutional investors own 27.39% of the company’s stock.

Travelzoo Company Profile

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.