Travelzoo (NASDAQ:TZOO) Board of Directors Declares Stock Buyback Plan

Travelzoo (NASDAQ:TZOO) declared that its board has approved a stock buyback plan on Wednesday, October 23rd, RTT News reports. The company plans to repurchase 1,000,000 outstanding shares. This repurchase authorization allows the information services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Travelzoo Stock Up 2.5 %

TZOO opened at $15.41 on Friday. The firm has a market capitalization of $189.39 million, a P/E ratio of 15.89 and a beta of 1.74. The firm’s 50 day moving average is $12.75 and its 200-day moving average is $10.07. Travelzoo has a 52-week low of $6.57 and a 52-week high of $15.71.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $20.10 million for 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 last year, the firm posted $0.16 earnings per share. Equities analysts expect that Travelzoo will post 0.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on TZOO. StockNews.com lowered shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Litchfield Hills Research began coverage on shares of Travelzoo in a report on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price target on the stock. Barrington Research raised their price target on shares of Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Ascendiant Capital Markets lifted their price objective on shares of Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, August 19th.

Insider Transactions at Travelzoo

In other news, CEO Holger Bartel sold 13,466 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $10.19, for a total transaction of $137,218.54. Following the completion of the sale, the chief executive officer now owns 302,534 shares of the company’s stock, valued at approximately $3,082,821.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Holger Bartel sold 13,466 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $10.19, for a total transaction of $137,218.54. Following the completion of the sale, the chief executive officer now owns 302,534 shares of the company’s stock, valued at approximately $3,082,821.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Azzurro Capital Inc sold 37,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $12.99, for a total transaction of $487,125.00. Following the sale, the insider now directly owns 4,922,696 shares of the company’s stock, valued at $63,945,821.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 419,254 shares of company stock valued at $5,071,496. 57.45% of the stock is currently owned by corporate insiders.

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.