Travelzoo (NASDAQ:TZOO) Coverage Initiated at Litchfield Hills Research

Equities researchers at Litchfield Hills Research started coverage on shares of Travelzoo (NASDAQ:TZOO) in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $35.00 price target on the information services provider’s stock. Litchfield Hills Research’s price target points to a potential upside of 215.32% from the company’s current price.

TZOO has been the subject of several other research reports. Barrington Research reissued an “outperform” rating and set a $12.00 price objective on shares of Travelzoo in a report on Friday, July 26th. StockNews.com cut shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 29th. Finally, Ascendiant Capital Markets raised their price objective on shares of Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, August 19th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $21.67.

Travelzoo Price Performance

NASDAQ TZOO opened at $11.10 on Wednesday. The company’s 50 day simple moving average is $9.89 and its two-hundred day simple moving average is $9.24. Travelzoo has a 1 year low of $4.77 and a 1 year high of $12.59. The stock has a market capitalization of $136.42 million, a PE ratio of 12.20 and a beta of 1.74.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Thursday, July 25th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. The company had revenue of $21.14 million for the quarter, compared to the consensus estimate of $21.58 million. During the same quarter last year, the business posted $0.17 earnings per share. On average, research analysts anticipate that Travelzoo will post 0.95 EPS for the current year.

Insider Buying and Selling

In other Travelzoo news, CEO Holger Bartel sold 20,000 shares of Travelzoo stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $11.91, for a total transaction of $238,200.00. Following the transaction, the chief executive officer now directly owns 260,000 shares of the company’s stock, valued at $3,096,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Travelzoo news, CEO Holger Bartel sold 20,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $11.91, for a total transaction of $238,200.00. Following the completion of the sale, the chief executive officer now directly owns 260,000 shares in the company, valued at $3,096,600. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Azzurro Capital Inc sold 25,000 shares of Travelzoo stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $7.80, for a total value of $195,000.00. Following the completion of the transaction, the insider now owns 5,089,871 shares in the company, valued at approximately $39,700,993.80. The disclosure for this sale can be found here. Insiders sold 149,466 shares of company stock worth $1,510,039 in the last quarter. 57.45% of the stock is owned by insiders.

Institutional Trading of Travelzoo

Institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. purchased a new position in shares of Travelzoo in the second quarter worth $82,000. ClariVest Asset Management LLC increased its position in shares of Travelzoo by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock valued at $742,000 after acquiring an additional 2,732 shares during the period. Ritholtz Wealth Management bought a new position in shares of Travelzoo during the second quarter valued at about $82,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of Travelzoo by 73.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 47,196 shares of the information services provider’s stock valued at $358,000 after acquiring an additional 20,019 shares during the last quarter. Finally, Fermata Advisors LLC purchased a new stake in shares of Travelzoo during the second quarter worth about $101,000. Hedge funds and other 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.