Travelzoo (NASDAQ:TZOO) Raised to “Buy” at upgraded shares of Travelzoo (NASDAQ:TZOOGet Rating) from a hold rating to a buy rating in a research report released on Thursday morning.

Other analysts also recently issued research reports about the company. Ascendiant Capital Markets decreased their target price on Travelzoo to $17.00 in a research note on Monday, August 15th. TheStreet downgraded Travelzoo from a c rating to a d+ rating in a research note on Wednesday, July 27th. Finally, Barrington Research reduced their price objective on Travelzoo from $12.00 to $10.00 and set an outperform rating on the stock in a research note on Friday, July 29th.

Travelzoo Price Performance

Shares of TZOO stock opened at $5.92 on Thursday. The company has a market cap of $73.94 million, a price-to-earnings ratio of 24.67 and a beta of 1.30. The firm has a fifty day moving average price of $6.02 and a 200-day moving average price of $6.46. Travelzoo has a 1 year low of $5.05 and a 1 year high of $13.90.

Insider Activity

In related news, CEO Holger Bartel bought 25,000 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were purchased at an average price of $5.44 per share, with a total value of $136,000.00. Following the transaction, the chief executive officer now owns 516,000 shares in the company, valued at approximately $2,807,040. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 54.30% of the company’s stock.

Hedge Funds Weigh In On Travelzoo

A number of large investors have recently bought and sold shares of TZOO. Covestor Ltd purchased a new position in Travelzoo during the 4th quarter valued at $42,000. JPMorgan Chase & Co. boosted its holdings in Travelzoo by 214.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,571 shares of the information services provider’s stock valued at $58,000 after acquiring an additional 6,527 shares during the period. LPL Financial LLC purchased a new position in Travelzoo during the 2nd quarter valued at $65,000. PDT Partners LLC purchased a new stake in shares of Travelzoo in the 2nd quarter worth $67,000. Finally, Virtu Financial LLC purchased a new stake in shares of Travelzoo in the 2nd quarter worth $68,000. Hedge funds and other institutional investors own 32.04% of the company’s stock.

About Travelzoo

(Get Rating)

Travelzoo, an Internet media company, provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America. Its publications and products include Travelzoo Website; Travelzoo iPhone and Android apps; Travelzoo Top 20 email newsletter; and Newsflash email alert service.

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