Insider Selling: Travelzoo (NASDAQ:TZOO) CEO Sells 23,057 Shares of Stock

Travelzoo (NASDAQ:TZOO) CEO Holger Bartel sold 23,057 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $19.73, for a total value of $454,914.61. Following the completion of the sale, the chief executive officer now owns 4,000 shares in the company, valued at approximately $78,920. This represents a 85.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Travelzoo Stock Performance

TZOO opened at $19.72 on Friday. The business’s 50-day simple moving average is $18.64 and its 200-day simple moving average is $13.40. Travelzoo has a one year low of $7.12 and a one year high of $22.44. The stock has a market capitalization of $232.77 million, a P/E ratio of 18.43 and a beta of 1.71.

Travelzoo (NASDAQ:TZOO) last released its quarterly 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. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. The firm had revenue of $20.10 million for the quarter, compared to analyst estimates of $21.15 million. During the same quarter last year, the company posted $0.16 earnings per share. On average, equities research analysts forecast that Travelzoo will post 1.09 EPS for the current fiscal year.

Travelzoo declared that its board has initiated a share buyback program on Wednesday, October 23rd that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the information services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Travelzoo

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. ClariVest Asset Management LLC grew its holdings in shares of Travelzoo by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock worth $742,000 after buying an additional 2,732 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Travelzoo during the third quarter worth about $35,000. Geode Capital Management LLC grew its holdings in shares of Travelzoo by 10.6% during the third quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider’s stock worth $991,000 after buying an additional 7,857 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Travelzoo during the second quarter worth about $82,000. Finally, Ritholtz Wealth Management purchased a new position in shares of Travelzoo during the second quarter worth about $82,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TZOO shares. StockNews.com cut Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Ascendiant Capital Markets raised their price target on Travelzoo from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Barrington Research lifted their target price on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Litchfield Hills Research assumed coverage on Travelzoo in a research report on Wednesday, September 4th. They set a “buy” rating and a $35.00 target price on the 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.