Azzurro Capital Inc Sells 30,000 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 30,000 shares of Travelzoo stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $15.39, for a total transaction of $461,700.00. Following the transaction, the insider now directly owns 4,717,696 shares of the company’s stock, valued at $72,605,341.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• On Wednesday, October 23rd, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $15.02, for a total transaction of $150,200.00.
• On Thursday, September 26th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The shares were sold at an average price of $12.54, for a total transaction of $125,400.00.
• On Tuesday, September 24th, Azzurro Capital Inc sold 37,500 shares of Travelzoo stock. The stock was sold at an average price of $12.99, for a total value of $487,125.00.
• On Wednesday, September 18th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $14.72, for a total value of $220,800.00.
• On Thursday, August 8th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The stock was sold at an average price of $10.50, for a total value of $157,500.00.
• On Tuesday, August 6th, Azzurro Capital Inc sold 3,500 shares of Travelzoo stock. The shares were sold at an average price of $9.32, for a total value of $32,620.00.
• On Tuesday, July 30th, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The stock was sold at an average price of $10.16, for a total transaction of $228,600.00.

Travelzoo Price Performance

TZOO opened at $15.41 on Friday. The firm has a 50 day simple moving average of $12.75 and a 200 day simple moving average of $10.07. Travelzoo has a fifty-two week low of $6.57 and a fifty-two week high of $15.71. The company has a market cap of $201.84 million, a price-to-earnings ratio of 16.93 and a beta of 1.74.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Wednesday, October 23rd. The information services provider reported $0.26 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 analyst estimates of $21.15 million. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. During the same quarter in the previous year, the business earned $0.16 EPS. As a group, analysts expect that Travelzoo will post 0.97 EPS for the current year.

Travelzoo declared that its board has authorized a stock repurchase plan on Wednesday, October 23rd that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the information services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Barrington Research upped their target price on shares of Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday. Litchfield Hills Research began coverage on Travelzoo in a report on Wednesday, September 4th. They set a “buy” rating and a $35.00 price objective on the stock. StockNews.com lowered Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Ascendiant Capital Markets boosted their target price on Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, August 19th.

Hedge Funds Weigh In On Travelzoo

Hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. bought a new stake in shares of Travelzoo in the 2nd quarter valued at about $82,000. Ritholtz Wealth Management acquired a new position in Travelzoo during the second quarter valued at approximately $82,000. Fermata Advisors LLC acquired a new position in Travelzoo during the second quarter valued at approximately $101,000. O Shaughnessy Asset Management LLC bought a new stake in Travelzoo in the first quarter valued at approximately $132,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Travelzoo in the first quarter worth $277,000. Institutional investors and hedge funds 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.