Noble Financial Comments on Travelzoo’s Q3 2024 Earnings (NASDAQ:TZOO)

Travelzoo (NASDAQ:TZOO) – Stock analysts at Noble Financial reduced their Q3 2024 earnings per share estimates for Travelzoo in a report issued on Thursday, April 25th. Noble Financial analyst M. Kupinski now expects that the information services provider will post earnings of $0.16 per share for the quarter, down from their prior estimate of $0.17. The consensus estimate for Travelzoo’s current full-year earnings is $0.99 per share. Noble Financial also issued estimates for Travelzoo’s Q4 2024 earnings at $0.21 EPS.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Wednesday, April 24th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Travelzoo had a return on equity of 140.25% and a net margin of 15.24%. The firm had revenue of $21.99 million during the quarter, compared to analysts’ expectations of $23.72 million.

A number of other analysts have also commented on TZOO. Barrington Research cut their price target on Travelzoo from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday. StockNews.com lowered Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Thursday.

Travelzoo Trading Up 0.9 %

NASDAQ:TZOO opened at $8.58 on Friday. The stock has a market cap of $113.27 million, a price-to-earnings ratio of 9.43 and a beta of 1.71. The stock has a 50-day moving average price of $9.57 and a two-hundred day moving average price of $8.87. Travelzoo has a 1 year low of $4.77 and a 1 year high of $11.23.

Institutional Trading of Travelzoo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Travelzoo during the third quarter worth about $82,000. Hillsdale Investment Management Inc. bought a new stake in Travelzoo during the fourth quarter worth about $171,000. Hennion & Walsh Asset Management Inc. acquired a new position in Travelzoo during the first quarter worth approximately $277,000. Janiczek Wealth Management LLC acquired a new position in Travelzoo during the fourth quarter worth approximately $275,000. Finally, Jump Financial LLC increased its position in Travelzoo by 46.4% during the fourth quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock worth $294,000 after buying an additional 9,800 shares during the last quarter. Institutional investors own 27.39% of the company’s stock.

Insider Activity

In related news, major shareholder Azzurro Capital Inc sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $8.71, for a total transaction of $87,100.00. Following the sale, the insider now owns 5,393,302 shares in the company, valued at $46,975,660.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 148,931 shares of company stock worth $1,483,335 over the last three months. Corporate insiders own 57.45% 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.