Travelzoo (NASDAQ:TZOO) Major Shareholder Sells $461,700.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 30,000 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $15.39, for a total value of $461,700.00. Following the completion of the transaction, the insider now owns 4,717,696 shares in the company, valued at approximately $72,605,341.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 shares were sold at an average price of $15.02, for a total value 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 transaction of $487,125.00.
• On Wednesday, September 18th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The stock was 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 shares were 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 transaction of $32,620.00.
• On Tuesday, July 30th, Azzurro Capital Inc sold 22,500 shares of Travelzoo stock. The shares were sold at an average price of $10.16, for a total transaction of $228,600.00.

Travelzoo Stock Up 2.5 %

Shares of Travelzoo stock opened at $15.41 on Monday. Travelzoo has a twelve month low of $6.57 and a twelve month high of $15.71. The business has a 50-day moving average price of $12.75 and a 200-day moving average price of $10.08. The firm 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 quarterly earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. The business had revenue of $20.10 million during the quarter, compared to analysts’ expectations of $21.15 million. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. During the same quarter last year, the business posted $0.16 EPS. On average, equities analysts expect that Travelzoo will post 0.97 EPS for the current fiscal year.

Travelzoo announced that its Board of Directors has authorized a stock repurchase program on Wednesday, October 23rd that allows the company to repurchase 1,000,000 outstanding shares. This repurchase authorization allows the information services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have commented on TZOO. StockNews.com cut Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 23rd. Ascendiant Capital Markets lifted their target price on Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Barrington Research upped their price target on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Litchfield Hills Research assumed coverage on shares of Travelzoo in a research report on Wednesday, September 4th. They set a “buy” rating and a $35.00 price objective on the stock.

Institutional Investors Weigh In On Travelzoo

Hedge funds have recently bought and sold shares of the business. American Century Companies Inc. bought a new stake in shares of Travelzoo in the 2nd quarter worth about $82,000. Ritholtz Wealth Management bought a new position in shares of Travelzoo in the 2nd quarter valued at about $82,000. Fermata Advisors LLC purchased a new position in Travelzoo in the second quarter worth about $101,000. O Shaughnessy Asset Management LLC bought a new stake in Travelzoo during the first quarter worth approximately $132,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in Travelzoo during the first quarter valued at approximately $277,000. Hedge funds and other institutional investors 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.