Travelzoo (NASDAQ:TZOO) Cut to Buy at StockNews.com

StockNews.com lowered shares of Travelzoo (NASDAQ:TZOO) from a strong-buy rating to a buy rating in a research note released on Thursday morning.

Separately, Barrington Research reduced their target price on shares of Travelzoo from $14.00 to $12.00 and set an outperform rating on the stock in a report on Wednesday.

Travelzoo Stock Up 0.9 %

NASDAQ TZOO opened at $8.58 on Thursday. Travelzoo has a twelve month low of $4.77 and a twelve month high of $11.23. The business’s fifty day moving average is $9.57 and its 200 day moving average is $8.90. The company has a market cap of $113.26 million, a price-to-earnings ratio of 9.43 and a beta of 1.71.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings results 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. The firm had revenue of $21.99 million for the quarter, compared to analyst estimates of $23.72 million. Travelzoo had a return on equity of 140.25% and a net margin of 15.24%. On average, research analysts anticipate that Travelzoo will post 0.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 18,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $8.52, for a total value of $153,360.00. Following the sale, the insider now owns 5,440,802 shares in the company, valued at approximately $46,355,633.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 148,931 shares of company stock valued at $1,483,335 in the last three months. Insiders own 57.45% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its stake in Travelzoo by 16.0% during the third 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 bought a new stake in shares of Travelzoo during the 4th quarter valued at about $275,000. Denali Advisors LLC grew its stake in Travelzoo by 5.1% during the fourth quarter. Denali Advisors LLC now owns 39,200 shares of the information services provider’s stock worth $374,000 after purchasing an additional 1,900 shares during the period. Trexquant Investment LP increased its holdings in Travelzoo by 184.1% in the third quarter. Trexquant Investment LP now owns 61,808 shares of the information services provider’s stock worth $360,000 after purchasing an additional 40,051 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Travelzoo in the third quarter valued at approximately $82,000. 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.