Travelzoo (NASDAQ:TZOO) Downgraded by StockNews.com to “Buy”

StockNews.com cut shares of Travelzoo (NASDAQ:TZOO) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday morning.

Several other equities research analysts have also commented on TZOO. Ascendiant Capital Markets boosted their target price on shares of Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Barrington Research raised their price objective on shares of Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Litchfield Hills Research began coverage on shares of Travelzoo in a research report on Wednesday, September 4th. They set a “buy” rating and a $35.00 target price on the stock.

Travelzoo Stock Up 2.5 %

NASDAQ TZOO opened at $15.41 on Wednesday. The stock has a market capitalization of $201.84 million, a P/E ratio of 16.93 and a beta of 1.74. Travelzoo has a 52-week low of $6.57 and a 52-week high of $15.71. The firm has a 50-day moving average price of $12.75 and a 200 day moving average price of $10.07.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings results on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. The business had revenue of $20.10 million during the quarter, compared to analysts’ expectations of $21.15 million. During the same period last year, the firm earned $0.16 EPS. On average, equities research analysts expect that Travelzoo will post 0.97 earnings per share for the current fiscal year.

Travelzoo declared that its board has initiated a stock repurchase program on Wednesday, October 23rd that permits the company to buyback 1,000,000 shares. This buyback authorization permits the information services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Travelzoo news, CEO Holger Bartel sold 100,000 shares of Travelzoo stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $11.44, for a total transaction of $1,144,000.00. Following the completion of the transaction, the chief executive officer now owns 100,000 shares in the company, valued at approximately $1,144,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Holger Bartel sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $11.44, for a total transaction of $1,144,000.00. Following the completion of the transaction, the chief executive officer now directly owns 100,000 shares of the company’s stock, valued at $1,144,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Azzurro Capital Inc sold 22,500 shares of Travelzoo stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $10.16, for a total value of $228,600.00. Following the transaction, the insider now owns 5,037,371 shares of the company’s stock, valued at $51,179,689.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 419,254 shares of company stock worth $5,071,496 in the last three months. Corporate insiders own 57.45% of the company’s stock.

Institutional Trading of Travelzoo

Large investors have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. lifted its holdings in Travelzoo by 169.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock valued at $1,533,000 after purchasing an additional 79,990 shares in the last quarter. Acadian Asset Management LLC boosted its position in Travelzoo by 9.7% during the first quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock worth $5,451,000 after acquiring an additional 47,352 shares during the last quarter. Ritholtz Wealth Management grew its stake in Travelzoo by 217.4% in the 3rd quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock worth $415,000 after acquiring an additional 23,599 shares during the period. Fermata Advisors LLC purchased a new stake in Travelzoo in the 2nd quarter worth approximately $101,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Travelzoo in the 1st quarter valued at $132,000. Institutional investors and hedge funds 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.