Travelzoo (NASDAQ:TZOO) Price Target Cut to $17.00 by Analysts at Barrington Research

Travelzoo (NASDAQ:TZOO) had its price objective lowered by Barrington Research from $25.00 to $17.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the information services provider’s stock. Barrington Research’s target price indicates a potential upside of 9.47% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Ascendiant Capital Markets increased their price target on shares of Travelzoo from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. StockNews.com downgraded shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st.

Travelzoo Price Performance

Shares of NASDAQ TZOO opened at $15.53 on Tuesday. Travelzoo has a 1 year low of $7.12 and a 1 year high of $24.85. The company’s 50-day moving average is $20.16 and its 200 day moving average is $16.93. The stock has a market capitalization of $183.32 million, a P/E ratio of 14.51 and a beta of 1.70.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings results on Wednesday, February 26th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $20.68 million for the quarter, compared to analysts’ expectations of $22.06 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. During the same quarter in the previous year, the company earned $0.23 earnings per share. Research analysts anticipate that Travelzoo will post 1.09 earnings per share for the current year.

Insider Activity at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $19.60, for a total value of $392,000.00. Following the completion of the sale, the insider now owns 4,442,696 shares of the company’s stock, valued at approximately $87,076,841.60. This represents a 0.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Holger Bartel sold 23,057 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $19.73, for a total transaction of $454,914.61. Following the sale, the chief executive officer now directly owns 4,000 shares of the company’s stock, valued at $78,920. The trade was a 85.22 % decrease in their position. The disclosure for this sale can be found here. 47.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TZOO. Truffle Hound Capital LLC acquired a new position in Travelzoo during the 4th quarter valued at approximately $3,990,000. Renaissance Technologies LLC increased its stake in shares of Travelzoo by 17.9% in the fourth quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider’s stock worth $14,168,000 after acquiring an additional 107,681 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Travelzoo in the fourth quarter worth $2,102,000. Raymond James Financial Inc. purchased a new stake in Travelzoo during the fourth quarter worth $1,505,000. Finally, Millennium Management LLC boosted its holdings in Travelzoo by 528.4% during the fourth quarter. Millennium Management LLC now owns 77,307 shares of the information services provider’s stock worth $1,542,000 after buying an additional 65,004 shares in the last quarter. 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.