Q2 2024 EPS Estimates for Travelzoo Cut by Barrington Research (NASDAQ:TZOO)

Travelzoo (NASDAQ:TZOO) – Investment analysts at Barrington Research decreased their Q2 2024 earnings per share estimates for shares of Travelzoo in a research report issued on Wednesday, April 24th. Barrington Research analyst J. Goss now forecasts that the information services provider will post earnings per share of $0.20 for the quarter, down from their previous forecast of $0.24. Barrington Research currently has a “Outperform” rating and a $12.00 target price on the stock. The consensus estimate for Travelzoo’s current full-year earnings is $0.92 per share. Barrington Research also issued estimates for Travelzoo’s Q3 2024 earnings at $0.18 EPS, Q4 2024 earnings at $0.30 EPS, FY2024 earnings at $0.99 EPS, Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.14 EPS and FY2026 earnings at $1.24 EPS.

Separately, StockNews.com downgraded Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

Travelzoo Stock Performance

TZOO stock opened at $8.58 on Friday. The company has a market capitalization of $113.26 million, a P/E ratio of 9.43 and a beta of 1.71. Travelzoo has a 52-week low of $4.77 and a 52-week high of $11.23. The business has a 50-day simple moving average of $9.57 and a two-hundred day simple moving average of $8.90.

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

Insider Buying and Selling at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 43,431 shares of Travelzoo stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $10.58, for a total transaction of $459,499.98. Following the completion of the transaction, the insider now owns 5,222,371 shares in the company, valued at approximately $55,252,685.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 148,931 shares of company stock worth $1,483,335. Insiders own 57.45% of the company’s stock.

Hedge Funds Weigh In On Travelzoo

Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC boosted its stake in shares of Travelzoo by 16.0% in the 3rd quarter. Acadian Asset Management LLC now owns 411,733 shares of the information services provider’s stock worth $2,398,000 after buying an additional 56,741 shares during the last quarter. Janiczek Wealth Management LLC purchased a new position in shares of Travelzoo in the 4th quarter worth approximately $275,000. Denali Advisors LLC boosted its stake in shares of Travelzoo by 5.1% in the 4th quarter. Denali Advisors LLC now owns 39,200 shares of the information services provider’s stock worth $374,000 after buying an additional 1,900 shares during the last quarter. Trexquant Investment LP boosted its stake in shares of Travelzoo by 184.1% in the 3rd quarter. Trexquant Investment LP now owns 61,808 shares of the information services provider’s stock worth $360,000 after buying an additional 40,051 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Travelzoo in the 3rd quarter worth approximately $82,000. Hedge funds and other institutional investors own 27.39% 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.