Travelzoo (NASDAQ:TZOO) Upgraded at StockNews.com

Travelzoo (NASDAQ:TZOO) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

Separately, Barrington Research dropped their price objective on Travelzoo from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th.

Travelzoo Stock Performance

TZOO opened at $8.89 on Friday. Travelzoo has a one year low of $4.77 and a one year high of $11.23. The company has a market cap of $117.35 million, a P/E ratio of 9.77 and a beta of 1.68. The business’s 50-day simple moving average is $9.52 and its 200-day simple moving average is $9.02.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Wednesday, April 24th. The information services provider reported $0.31 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 business had revenue of $21.99 million for the quarter, compared to the consensus estimate of $23.72 million. As a group, analysts predict that Travelzoo will post 0.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Azzurro Capital Inc sold 43,431 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $10.58, for a total transaction of $459,499.98. Following 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 at this link. Insiders have sold 148,931 shares of company stock worth $1,483,335 in the last quarter. 57.45% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TZOO. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Travelzoo during the 3rd quarter worth approximately $82,000. Hillsdale Investment Management Inc. purchased a new position in Travelzoo during the 4th quarter worth approximately $171,000. Janiczek Wealth Management LLC purchased a new position in Travelzoo during the 4th quarter worth approximately $275,000. Hennion & Walsh Asset Management Inc. purchased a new position in Travelzoo during the 1st quarter worth approximately $277,000. Finally, Jump Financial LLC grew its stake in shares of Travelzoo by 46.4% in the 4th quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock valued at $294,000 after purchasing an additional 9,800 shares during the last quarter. Hedge funds and other institutional investors own 27.39% of the company’s stock.

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.