Travelzoo (NASDAQ:TZOO) Given New $15.00 Price Target at Barrington Research

Travelzoo (NASDAQ:TZOO) had its target price lifted by Barrington Research from $12.00 to $15.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The brokerage currently has an outperform rating on the information services provider’s stock.

Several other equities research analysts have also recently weighed in on the company. Litchfield Hills Research assumed coverage on Travelzoo in a research report on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price objective for the company. StockNews.com raised Travelzoo from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 25th. Finally, Ascendiant Capital Markets increased their price objective on Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, August 19th.

Travelzoo Stock Up 2.5 %

Shares of Travelzoo stock opened at $15.41 on Tuesday. The stock has a market capitalization of $189.39 million, a P/E ratio of 15.89 and a beta of 1.74. The stock has a 50 day moving average price of $12.75 and a two-hundred day moving average price of $10.07. Travelzoo has a 12-month low of $6.57 and a 12-month high of $15.71.

Travelzoo (NASDAQ:TZOO) last announced its earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The firm had revenue of $20.10 million during the quarter, compared to analysts’ expectations of $21.15 million. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. During the same quarter in the prior year, the business earned $0.16 earnings per share. Sell-side analysts anticipate that Travelzoo will post 0.97 earnings per share for the current year.

Travelzoo declared that its board has initiated a stock repurchase program on Wednesday, October 23rd that authorizes the company to buyback 1,000,000 shares. This buyback authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 22,500 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $10.16, for a total transaction of $228,600.00. Following the completion of the transaction, the insider now directly owns 5,037,371 shares in the company, valued at $51,179,689.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Holger Bartel sold 13,466 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $10.19, for a total value of $137,218.54. Following the completion of the sale, the chief executive officer now directly owns 302,534 shares in the company, valued at approximately $3,082,821.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Azzurro Capital Inc sold 22,500 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $10.16, for a total value of $228,600.00. Following the completion of the sale, the insider now owns 5,037,371 shares of the company’s stock, valued at approximately $51,179,689.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 419,254 shares of company stock worth $5,071,496 over the last three months. 57.45% of the stock is currently owned by corporate insiders.

Institutional Trading of Travelzoo

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. ClariVest Asset Management LLC increased its stake in shares of Travelzoo by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock valued at $742,000 after buying an additional 2,732 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Travelzoo in the second quarter valued at $82,000. Ritholtz Wealth Management acquired a new stake in Travelzoo in the second quarter worth about $82,000. O Shaughnessy Asset Management LLC acquired a new stake in Travelzoo in the first quarter worth about $132,000. Finally, Fermata Advisors LLC acquired a new stake in Travelzoo in the second quarter worth about $101,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.

Travelzoo Company Profile

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.